Private Sector

  • 02 Dec 2023 6:30 PM | Anonymous member (Administrator)

    Small businesses are struggling to spot fraud, according to a new Take Five to Stop Fraud quiz.

    Nearly one in five (17%) small business owners cannot always spot online fraud, according to new research from UK Finance.

    https://www.digit.fyi/report-one-in-five-smes-fail-to-spot-fraud/


  • 25 Nov 2023 1:13 PM | Anonymous member (Administrator)

    Natwest’s former head of fraud prevention quietly left his role earlier this year after the group found out he was working with a law firm specialising in bringing scam victim claims against banks.

    A Natwest spokesperson told City A.M. that the bank took “appropriate internal action” against Jason Costain over his work with Liverpool-based CEL Solicitors.

    https://www.cityam.com/former-natwest-fraud-chief-left-after-moonlighting-for-law-firm-that-brings-scam-victim-claims/


  • 18 Nov 2023 1:24 PM | Anonymous member (Administrator)

    A builder has pleaded guilty to fraud following a successful prosecution carried out by Warwickshire County Council Trading Standards.

    Adam Jones, 50, of Grange Road, Longford, Coventry, has pleaded guilty to two counts of fraud.

    https://uk.news.yahoo.com/builder-charged-kenilworth-resident-26-125513856.html


  • 11 Nov 2023 12:10 PM | Anonymous member (Administrator)

    Four people accused of fraud after the collapse of bakery chain Patisserie Valerie will not face trial until 2026, Southwark Crown Court has heard.

    Christopher Marsh, a former director and chief financial officer of Patisserie Holdings, the company behind Patisserie Valerie, and his wife, accountant Louise Marsh - both from St Albans - were charged by the Serious Fraud Office (SFO).

    https://www.itv.com/news/london/2023-11-07/alleged-patisserie-valerie-fraudsters-will-not-face-trial-until-2026


  • 08 Nov 2023 11:43 AM | Anonymous member (Administrator)

    Banking insiders working with an organised crime group have been sentenced on charges of stealing up to £1 million from customer accounts.

    https://www.finextra.com/newsarticle/43235/bank-staff-receive-jail-terms-over-1-million-fraud

  • 08 Nov 2023 11:33 AM | Anonymous member (Administrator)

    A customer service advisor who stole almost £70,000 from her employer and sent it to seven others in order to launder the proceeds from her crime has been sentenced.

    Gina Rani used her position at E.ON to facilitate a series of refunds that she paid to family members and friends who in return refunded some of the money to her.

    https://www.thebusinessdesk.com/eastmidlands/news/2078514-former-e.on-employee-fully-messed-up-after-70000-fraud-exposed


  • 26 Oct 2023 12:15 PM | Anonymous member (Administrator)

    An Audi-loving financial controller stole more than £3m from his employer - and profited from Covid bounce-back loans.

    Rhys Jackson - who owned seven of the high-end cars at one point - caused his firm to go into administration, costing dozens of jobs, a court heard.

    https://www.itv.com/news/anglia/2023-10-21/audi-loving-fraudster-stole-3m-from-firm-and-government-covid-loans


  • 26 Oct 2023 12:13 PM | Anonymous member (Administrator)

    An admin assistant who embezzled more than £1.5 million from her Aberdeen employer was jailed last month for three years and four months.

    Coleen Muirhead worked for metal recycling company Panda Rosa Metals, from 2015-2021 and stole the money by creating fake transactions to a non-existent client named G Anderson. She spent the money on lavish holidays, cars, caravans, her son's wedding, and savings accounts for her grandchildren.

    https://www.scotsman.com/news/opinion/columnists/watch-out-for-the-red-flags-that-indicate-insider-fraud-tom-stocker-4377774

  • 19 Oct 2023 2:02 PM | Anonymous member (Administrator)

    An Essex company director has been jailed after being part of a fraud scheme where fake invoices worth £1million were submitted to suppliers. Paul Fitzsimmons, 49, of Royal Drive, Leicester, held the role of facilities and services manager at US law firm Cleary Gottlieb Steen and Hamilton LLP since the late 1990s.

    https://www.essexlive.news/news/essex-news/men-used-fake-invoices-company-8833294

  • 19 Oct 2023 1:25 PM | Anonymous member (Administrator)

    The former chief financial officer at collapsed bakery chain Patisserie Valerie has denied fraud as he appeared in court alongside his wife for the first time.

    Christopher Marsh, 49, Louise Marsh, 55, Pritesh Mistry, 41, and Nileshkumar Lad, 50, are all accused of defrauding the company’s shareholders and creditors between October 2015 and October 2018.

    https://uk.finance.yahoo.com/news/ex-patisserie-valerie-finance-chief-095230544.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

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