Fraud

Tax & Regulation | 20 Apr 16

Fraudsters who conducted one of the largest boiler room fraud schemes ever pursued by a UK authority have been ordered to pay their victims £11m ($15.8m, €13.9m) in compensation, the UK’s Serious Fraud Office (SFO) has revealed.

Tax & Regulation | 15 Apr 16

HM Revenue & Customs has been accused of not doing enough to tackle tax fraud and making “only limited progress” in reducing the UK’s tax losses, according to the House of Commons’ Public Accounts Committee (PAC).

Investment | 15 Feb 16

More than 100 people who invested in a fraudulent collective scheme will collectively receive around £2.9m compensation following the successful prosecution of a fake foreign exchange trader under the Proceeds of Crime Act 2002 (POCA).

United Kingdom | 9 Feb 16

Three men have been convicted of a conspiracy to defraud investors in a London-based Ponzi scheme, which involved a form of purchase order financing.

United Kingdom | 4 Feb 16

The City of London Police is appealing for more victims to come forward of a potential Ponzi scheme which targeted members of the Gurka and Nepalese community.