Private Sector

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/

A criminal investigation into BT’s Italian division has uncovered a string of damning emails linking UK executives to alleged accounting fraud in the country.

A bogus Gatwick Airport parking chief, who was paid to look after cars in a secure car park but instead left them unlocked in fields, has been jailed for 14 months.

The proportion of UK firms reporting a cyber-attack has jumped, despite most businesses admitting they are under-prepared for breaches, according to research from Hiscox.

https://www.bbc.co.uk/news/business-48017943

Following new lines of enquiry police are investigating an incident of fraud, whereby two pieces of art were falsely purchased from a gallery in Cockermouth.

A TRUSTED assistant manager nearly brought the final curtain down on a 106-year-old theatre by stealing more than £273,000 from its coffers.

https://www.metro.news/theatre-boss-played-the-villain-with-273k-fraud/1514106/