Fraud

FCA Says Land Bank Fraud Victims Will Share £2.5m Compensation Fund

The Financial Conduct Authority (FCA) has obtained High Court approval for a scheme to return £2.5 million to compensate victims of a series of unauthorised collective investment schemes. Between 2005 and 2010, around 800 people […]

Fraud

Fraud: Crash-For-Cash Gang Jailed, With IFED Help

On Monday 2 December 2019, four men were sentenced at Liverpool Crown Court after they committed a ‘crash for cash’ but couldn’t get their story straight. The City of London Police’s Insurance Fraud Enforcement Department […]

Fraud

Confiscation Order Following FCA Prosecution

A confiscation order of £291,070.36 was made against Mark Barry Starling in Southwark Crown Court. This confiscation order follows the FCA prosecution in which Mr Starling was sentenced to 5 years’ imprisonment for defrauding investors […]

Fraud

News: Go Compare Joins Cifas To Help Combat Insurance Fraud

Well known comparison site Go Compare has joined Cifas, the not-for-profit organisation that helps combat online payment and card fraud. Cifas has the UK’s largest cross-sector fraud sharing database, acting as a source of information […]

Fraud

Revealed: 55% of UK Companies Have Suffered Cyber Attack

The prevalence and severity of cyber-attacks/breaches has damningly increased over the last few years. This year alone (2019), 55% of UK firms have already faced a cyber-attack and losses from breaches have accounted to a […]

Fraud

Are They Prosecuting Business Owners Who Dodge the Peoples Pension? Yes

This news is from the Pensions Regulator office; a government agency overseeing the Peoples Pension scheme. It’s been a long, somewhat patchy, roll-out, with lower paid and part-timers initially exempt from the scheme, but those […]

Fraud

Landmark Appeal Win For Horwich Farrelly in Travel Sickness Claim Case

This judgement makes very interesting reading for everyone in the insurance and legal sectors. No longer can claimants simply `try their luck’ with a bogus sickness claim. By making false statements they leave themselves open […]