Category: Forensic Accounting

Ponzi Schemes

February 2019

A top of the range Bentley at a substantial discount to list price? A deal too good to be true? Unfortunately, it was. We often hear about Ponzi schemes and ever since Charles Ponzi pioneered the idea in 1919 through...

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Crown Fraud – Stealing from the State

February 2019

This article focuses on crown fraud – fraud concerning Crown monies, in particular the non-payment of tax liabilities. The Consequences of Crown Fraud There are significant consequences for businesses and individuals who do not pay their tax liabilities. It deprives...

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Bank Fraud

February 2019

This article focuses on bank fraud and fraud against other funding organisations. Bank Fraud Fraudsters often defraud banks by securing an overdraft and then maxing it out with no intention of repaying it. When banks do not impose a form of...

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Grant Fraud – Misappropriation and Misuse

February 2019

This article focuses on grant fraud where the benefactor is a legitimate organisation. There is a high risk a fraudster can pocket considerable sums when systems do not detect illegitimate spending. What is Grant Fraud? Fund providers are at risk...

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Factoring Fraud

February 2019

Factoring fraud is an increasingly common fraud affecting companies that outsource their invoicing to factoring agencies. Small and medium sized enterprises account for approximately 90% of factoring agencies’ customers and the use of factoring agencies is on the rise. The...

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Disclosure Pilot: The Take-off of Technology Assisted Review

November 2018

From 1 January 2019, cases heard in the Business & Property Courts throughout the UK will be captured by the mandatory pilot scheme, which aims to address issues in the current regime with regards to disclosure of documents. Complex claims...

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The Importance of an Accurate Valuation

September 2018

Companies are being routinely valued every day for a variety of reasons. In most cases all parties concerned, relying on valuations, are content with the outcome. However, a negligently prepared valuation can cause at least one party to suffer considerable...

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Charity Fraud: Are Trustees too Trusting?

June 2018

Recent media coverage highlights several high profile charity fraud cases, where charities have been defrauded by internal members of staff at an executive level, leading to losses of hundreds of thousands of pounds. Similarities between cases have shown that the...

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GDPR and Identity Fraud

April 2018

Spring has sprung, and with it, an eager expectation of the arrival of better weather, as well as the (perhaps more dependable) arrival of the court’s decision on Dreamvar UK Ltd vs Mishcon de Reya and P&P Property Limited vs...

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Failure to Prevent the Facilitation of Tax Evasion

January 2018

The Criminal Finances Act 2017 has brought in a new offence where a body corporate will be liable and possibly subject to unlimited fines for the failure to prevent the facilitation of tax evasion. The only defence a body corporate...

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