Criminal system failing fraud victims
New figures, which show that the value of reported fraud in the UK has now reached ￡2 billion, are sobering. However, it is likely that much greater levels of fraud goes unreported and that new data which I have obtained serves to highlight that much of that money is never recovered....
According to the data obtained from the Home Office, ￡1.2bn worth of assets which were defrauded was recovered in the period between April 2010 and March 2016. The number is "impressive" and "headline grabbing", but that it is a mere "drop in the ocean" when considered alongside the numbers from the University of Portsmouth research....
It is even more worrying when you then drill into the ￡1.2bn number itself. Of that figure which was recovered, only approximately ￡153m was paid in compensation to victims. Cash forfeitures, at ￡246m, and tax, at ￡8.3m, accounted for some of the rest of the recoveries...... https://goo.gl/FyF2Lm
Managing Director at Dilitas Ltd. Strategic Intelligence & Corporate Security Company
8 年Alan, a great article which highlights perfectly the inability of police to investigate fraud and that Action Fraud is one of the biggest failures of the British legal system.
Mentor for Conscious Enterprises Network, Compliance Maze Runner?, EthicSeer?
8 年"...only approximately ￡153m was paid in compensation to victims. " Good metrics to apply to see the difference.