Fraud

In recent times the Serious Fraud Office has come under considerable scrutiny and criticism due to the collapse of several lengthy and hugely costly investigations, notably the 2023 collapse of the multiple million pound, 10 year investigation in to G4S tagging arm and the dropping of charges against three former directors at the company The […]

The new director of the Serious Fraud Office is pushing to pay whistleblowers, a reversal from the agency’s past resistance to the tactic, as he tries to revive the fortunes of the beleaguered prosecutor. The move to reward informants for information is among Nick Ephgrave’s plans to reform how the SFO investigates major fraud and

Romance scam reports increased by more than a fifth (22%) last year compared with 2022, according to data from Lloyds Bank. The average amount lost to romance scams last year was £6,937, slightly down from £8,237 in 2022. People aged between 55 and 64 were most likely to report being scammed by fraudsters masquerading as love

The Supreme Court has curbed the Serious Fraud Office’s extra-territorial powers, ruling that it cannot demand documents held outside the UK by a foreign company under the Criminal Justice Act 1987. In KRB v SFO, the Supreme Court found that the SFO overreached itself when it issued a notice under section 2(3) of the Criminal Justice 1987.

More than £1.1bn of suspected fraud has been prevented so far in the UK Governments flagship ‘bounce back’ loans in an indication of how criminals have aggressively targeted the scheme. Estimates from the British Business Bank provided to the Commons public accounts committee said lenders had rejected 26,933 bounce-back loans over concerns they could be

The fraud agency said that following a “detailed review of the available evidence” it had concluded that “this case did not meet the relevant test for prosecution as defined in the code for crown prosecutors”. De La Rue, one of the oldest listed companies on the London stock market, issued a separate statement saying that

Serious Fraud Office Under Fresh Scrutiny Following Acquittal of Barclays Bank Three following Seven Year Investigation The Serious Fraud office were dealt a new blow yesterday following the acquittal of three former Barclays Executives; Roger Jenkins, Tom Kalaris and Richard Boath all of whom were acquitted of conspiracy to commit fraud by false representation after