Private Sector

Radcliffe Chambers barrister Shantanu Majumdar provides an explanation of the US and UK Autonomy fraud cases and why the legal proceedings are not co-ordinating

https://economia.icaew.com/opinion/may-2019/autonomy-two-jurisdictions-two-cases#.XPQa8HVzoxk.twitter

Analysis from Sterling has exposed a concerning level of inconsistency in background screening across the charity sector, with a lack of robust employment checks exposing many organisations to the risk of insider fraud.

https://pressreleases.responsesource.com/news/97803/expert-reveals-insider-fraud-concerns-are-being-exacerbated-by-inconsistent/#.XPO4w0AWhNw.twitter

A POLICE investigation has begun after the sudden closure of a property company which had a shop in Kingswinford.

The eCommerce industry is continuing its rapid growth and the lines between physical and digital shopping are becoming increasingly blurred. This change in the way consumers conduct purchases is creating a number of challenges for merchants, especially when it comes to customer visibility and fraud prevention.

https://www.finextra.com/blogposting/17261/how-knowledge-of-your-customers-can-help-fight-fraud

Lee Newman wasted no time in getting back to winning ways, scoring on just the second ride of his Australian comeback on Thursday.

The Serious Fraud Office has launched an investigation into biodiesel trading at fuel supplier Greenergy.

The Financial Services Compensation Scheme has declared 21 companies in default, including one owned by two brothers sentenced to 11 years in prison for defrauding clients out of £17m.

https://www.ftadviser.com/your-industry/2019/05/17/firm-involved-in-17m-fraud-declared-in-default/

Former Autonomy CFO Sushovan Hussain has been fined $4m (£3.09m) and sentenced to five years’ imprisonment in the US after being found guilty of fraud over the sale of the software company to Hewlett Packard (HP) in 2011

https://economia.icaew.com/news/may-2019/ex-autonomy-cfo-jailed-for-five-years#.XNvMgrNw4UU.twitter

An ex-estate agent is now due to be sentenced this summer after pleading guilty to two charges of fraud.

(Reuters) - The former chief financial officer of British software company Autonomy was sentenced on Monday to five years in prison, after a U.S. jury found him guilty of fraud over the $11.1 billion sale of Autonomy in 2011 to Hewlett-Packard.

https://uk.reuters.com/article/us-hpe-autonomy-cfo/ex-autonomy-cfo-sentenced-in-u-s-to-5-years-prison-over-hewlett-packard-fraud-idUKKCN1SJ29H