Private Sector

Companies House has tabled anti-fraud reforms affecting PSC owners, in what ministers are hailing as the biggest changes to the system of setting up and running a company since 1844.

https://www.contractoruk.com/news/0014087companies_house_fraud_changes_incoming_limited_companies.html

An accountant from Northamptonshire who committed a £3.35 million pound fraud on high-profile clients including pop star Rita Ora and retired England rugby captain Matt Dawson has been jailed for nearly six years.

https://www.itv.com/news/central/2019-05-08/rita-oras-northamptonshire-accountant-jailed-over-3-35-million-fraud/

Bloomberg reports Amazon have faced an extensive six-month fraud which saw hackers stealing money from sellers’ accounts last year.

A businessman has been jailed for defrauding the European Union and the Welsh Government out of £4.7m by misusing cash meant to help process fish feed.

Hewlett Packard (HP) is not suing Autonomy’s former US chief executive in order to use his evidence against British businessman Mike Lynch in the biggest fraud trial in UK history, a court heard today.

http://www.cityam.com/277263/hp-not-suing-autonomy-us-exec-go-after-mike-lynch-fraud

Major reforms aimed at combatting financial crime and better protecting directors from fraud have been unveiled today.

Robert Maxwell was born Jan Ludvik Hoch in modern day Ukraine (then part of Czechoslovakia) in 1923. He escaped to France during World War II and made his way to Britain, where he joined the British Army.

https://moneyweek.com/505757/great-frauds-in-history-robert-maxwell/#.XMqmgRj8O7w.twitter

Emails in which hackers pose as someone else are on the rise, and the financial industry is taking the brunt of the blow.

https://www.itproportal.com/news/email-fraud-hitting-financial-businesses/

The financial controller of a Telford company stole almost half a million pounds from the firm by paying himself a double salary and ‘bonuses’ for six years.

https://www.shropshirestar.com/news/crime/2019/04/30/jailed-telford-financial-controller-in-443000-fraud-paid-himself-a-double-salary/

The severity of email scams is escalating for you and your finance team.

http://www.cfodailynews.com/court-personally-liable-bec-scams/