Private Sector

Given the potential for large corporate sums of money being held by companies, they are often targeted by scams and fraud. Ahead of International Fraud Awareness Week, 11-18 November 2018, here is a list of the most common

https://londonlovesbusiness.com/seven-scams-that-target-companies-and-directors/

A former steward at Harlescott Social Club in Roseway, admitted fraud and failing to bank money belonging to the club.

https://www.shropshirestar.com/news/crime/2018/10/30/shrewsbury-couple-admit-part-in-78000-social-club-fraud/

A bus company owner and his sons have been sentenced after faking thousands of concessionary bus pass trips so they could fraudulently reclaim the money from the council.

https://www.cps.gov.uk/cps/news/bus-company-owners-jailed-claiming-thousands-pounds-false-concessionary-journeys

The former chief executive and chief operating officer of collapsed oil firm Afren have been sentenced to 30 years in jail for fraud and money laundering offences committed while in charge of the company, the Serious Fraud Office said.

http://www.cityam.com/267517/two-former-uk-oil-executives-sentenced-30-years-fraud-and

5 ways to help protect against hackers and cyber thieves attempting to find a way to hack into your systems and steal your important information.

http://thefutureofthings.com/12327-5-ways-to-protect-your-small-business-from-online-fraud/

Eight employees who defrauded a Whitchurch convenience store out of up to £40,000 have avoided jail terms

https://www.shropshirestar.com/news/crime/2018/10/20/shop-workers-avoid-jail-terms-for-40000-whitchurch-co-op-fraud/

Two former Afren oil executives who laundered $45m (£34.83m) after deceiving the now collapsed company into a fraudulent $300m deal have been found guilty at Southwark Crown Court

http://www.cityam.com/266856/ex-afren-executives-guilty-300m-oil-business-deal-fraud-

The cake chain may have survived its High Court case but Patisserie Holdings admits it gave millions in share bonuses to its CEO and CFO

https://www.accountancyage.com/2018/10/25/patisserie-valerie-admits-millions-in-undisclosed-shares-given-to-ceo-and-cfo/

Director of BBS Improvements must complete 250 hours of unpaid work in the community  following his conviction at Worcester Crown Court. He has also been disqualified from being a company director for five years.

http://www.thebusinessdesk.com/westmidlands/news/2022530-building-company-director-sentenced-for-fraud-and-safety-breaches

Visit Isle of Wight’s former finance officer pleaded guilty in the Isle of Wight Magistrates’ Court on Tuesday to fraud and theft charges.

https://onthewight.com/finance-officer-abused-position-in-34000-fraud-and-theft-case/