Fraud levels increase 50% in 2011, say BDO BDO are a large and well respected accountancy practice in the UK. Like many accountancy practices, they now offer a range of services including fraud investigation and forensic analysis services and for some years they have published data about fraud. Their Read More
Consumer fraud costing £7 billion per annum The House of commons Public accounts Committee have published a report which claims that scams and frauds (is there any difference ?) are taking up to £7 billion annually from the pockets of already stretched consumers in the UK. Much of this Read More
The BBC has today reported on another large boil;er room fraud case, in this instance involving a father and 2 sons, who have been jailed for defrauding investors out of £25 million. Despite the increased publicity of this type of share scam fraud, victims still fall for it despite the fact Read More
Boiler Room Green Swindle: Interesting report in The Sunday Times yesterday, relating to the latest boiler room frauds: Conmen target investors with environmentally friendly schemes. They create a name at Companies House with a mailbox address. Genuine Share Certificates are issued relating to that Company in order to own Read More
Fraud figures New fraud research from accountancy giants KPMG suggests that fraud has become increasingly prevalent. As a quick guide to KPMG’s research for the year 2010, here are the main findings :- Although Government is the biggest target for fraud with over £800 billion losses, the private Read More
Boiler Room Fraud leading to an Advance Fee Fraud The objective is to rip you off and con you into purchasing something by way of an advance fee for goods or services which do not exist. Those in the proverbial room, effectively run off with your money, and close Read More