Socialist Worker

Business fraud: a sharp rise in sharp practice

Issue No. 2064

A new report reveals that business fraud in Britain has risen by 42 percent compared to the same period last year. Some £538 million was defrauded in the first half of 2007. The amount is soaring due to the number of frauds over £50,000.

But the chances of being prosecuted for business fraud are slim. Less than 15 percent of cases lead to prosecution – and the chances of being prosecuted decrease if more money is stolen.

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Tue 14 Aug 2007, 18:05 BST
Issue No. 2064
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