Downloading PDF. Please wait... Issue 2064

Business fraud: a sharp rise in sharp practice

This article is over 16 years, 10 months old
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.
Issue 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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