Fraud
Chinese Ponzi scheme scams billions from 900,000 investors
Chinese authorities have arrested 21 people involved in a peer-to-peer (P2P) lending scheme suspected of defrauding 900,000 investors of around CNY50bn (£5.3bn, $7.6bn, €7bn).
Tax & Regulation | 20 Jan 16
Former KPMG partner among 10 charged with tax cheating
The former head of investment advisory for KPMG in the UK, Patrick McCoy, is one of 10 people charged with tax cheating offences who have been ordered to appear at Birmingham Magistrates’ Court next month.
Aussie adviser gets nine years for stealing A$9m
A financial adviser from Australia has been sentenced to nine-and-a-half years in prison after he pleaded guilty to 33 counts of fraud and 21 counts of falsifying records that resulted in investors losing millions.
Tax & Regulation | 21 Dec 15
IFA and accountant jailed in UK for film tax fraud
An accountant and an independent financial adviser have been jailed in the UK following their conviction for attempting to steal millions in a tax fraud linked to the film industry.
Tax & Regulation | 17 Dec 15
Tax fraud costs UK government £16bn a year
HM Revenue & Customs loses billions each year as a result of fraud and needs to improve its use of data and analysis to tackle tax fraud, the hidden economy, and criminal attacks, according to a new report.