Private Sector

The Hut Group, the Manchester-based e-commerce company preparing a £4.5bn stock exchange listing, cancelled a previous flotation following the discovery of a multi-million pound fraud at the firm.

https://www.msn.com/en-gb/news/uknews/hut-group-cancelled-2011-flotation-after-multimillion-pound-fraud-was-uncovered/ar-BB18Iwud?ocid=st

FORMER Rangers chief executive Charles Green is to pursue "significant losses" after Scotland's most senior law officer admitted malicious prosecution of the former administrators of Rangers in connection with the collapsed club fraud case.

A WOMAN who launched two American diners in Oxfordshire before vanishing, leaving dozens of people unpaid and furious, has admitted a string of fraud charges spanning almost five years.

27 August 2020: ICAEW has raised concerns that some genuine research and development (R&D) businesses could be impacted by proposals to tackle tax relief abuse, while its unclear how the measures will tackle low-value fraudulent claims.

Two former employees of West Country estate agent Miller Countrywide have been branded ‘thoroughly dishonest people’ after pleading guilty to fraud charges at Truro County Court.

Troubled payments business Finablr which is entangled in a fraud probe today said it would miss its deadline this week to publish its financial accounts.

US: Short-term rental and aparthotel hospitality brand, Domio, has been accused of allegedly violating Airbnb’s trust and safety standards, which have prompted Airbnb to suspend the startup’s host accounts and listings for the foreseeable future.

https://shorttermrentalz.com/news/airbnb-domio-fraud-allegations/#.X0FSSlx3x5E.twitter

McKay had been due to go on trial in September after denying committing fraud by buying £63,000 worth of gifts.

https://www.expressandstar.com/news/uk-news/2020/08/18/football-agent-willie-mckays-fraud-trial-moved-to-next-summer/

Despite more rigorous procedures in place, corporate fraud is still all too frequent, says Fidelity International’s Dhananjay Phadnis. But there are ways for active managers to spot a corporate fraud early.

https://www.trustnet.com/news/7465886/the-three-factors-that-might-help-you-avoid-a-corporate-fraud

A pair of companies that fraudulently offered car parks as investment opportunities have been wound up following an investigation by the Insolvency Service. The linked companies sold investors individual spaces in car parks near Manchester Airport.

https://www.transportxtra.com/publications/parking-review/news/66452/fraudulent-parking-operations-closed-down