Pension freedoms fraud a major concern for over-55s
One in three people over the age of 55 say the risk of being defrauded is a major concern following the introduction of the pension freedoms in April 2015, according to research from Prudential.
Fraud
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Asset manager targeted in criminal investigation
The City of London Police has appealed for information following allegations that the management and staff of Kingsbridge Asset Management, including financial advisers, conspired to defraud a large number of clients.
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Famous names being used in cryptocurrency scams
The UK’s national reporting centre for fraud and cyber crime has warned the public about the growing number of criminals using the reputations of prominent people linked to business and finance in cryptocurrency scams.
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Offshore ‘Crook’s Bank’ developer facing £1m fine
A money launderer who developed an online service for criminals using bank accounts in Portugal, the Cape Verde Islands, Jersey, Cyprus, and Switzerland has been ordered to pay £1m.
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Another Real Madrid star faces jail term over tax fraud
Former Real Madrid star Xabi Alonso is facing a possible five-year jail term after Spanish authorities accused him of tax fraud.
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RL360° targeted in insurance scam
Insurance firm RL360° is the subject of a law suit on the Isle of Man for damages alleging breach of contract and negligence after it paid out a policy belonging to a deceased doctor, who turned out to be alive and the victim of identity theft.
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Credit Suisse wealth manager jailed in Switzerland
A former Credit Suisse wealth manager has been handed a five-year jail term for a fraud worth tens of millions of Swiss francs.
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Fraudsters posing as Dubai International Finance Centre
The Dubai Financial Services Authority (DFSA) has issued a warning to the financial services community and the public about a scam using fake emails and documents purporting to come from the DIFC.
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Younger investors more at risk online
Young people are most at risk of investing in fraudulent schemes pushed on social media, the UK regulator has warned.
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Pension scammers ordered to repay £13.7m in landmark ruling
Four fraudsters who squandered the pension savings of 245 people have been ordered by the UK High Court to pay back £13.7m ($19.1m, €15.6m), the first time such an order has been obtained.
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Real Madrid’s Modric pays €1m to settle tax fraud
Real Madrid midfielder Luka Modric has reportedly paid €1m (£880,000, $1.2m) to Spanish authorities after appearing in a Madrid court on tax evasion charges.
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HMRC reveals top 10 tax fraud cases of 2017
In its ongoing fight against tax evasion, HM Revenue & Customs has revealed its top ten tax fraud and organised crime cases of 2017. The list includes people with offshore accounts, a would-be spy, millionaires, accountants and data thieves. All cases came with large prison sentences.