What is a boiler room fraud? Boiler rooms are the names ascribed to high pressure sales environments. The idea is that the sales environment creates the pressure of a...
Offence of conspiracy to defraud Conspiracy to defraud is a common law offence which was expressly preserved by section 5(2) of the Criminal Law Act 1977 (CLA 1977), and...
Fraud by failure to disclose information while under a legal duty to do so An offence of fraud by failure to disclose is committed where a defendant: • failed to disclose...
Fraud by false representation Fraud by false representation applies to a broader range of conduct than the offences under the preceding legislation (the Theft Act 1968...
Sentences for fraud by false representation A person convicted of fraud by false representation in the Crown Court on indictment faces a maximum penalty of ten years...
Fraudulent trading Fraudulent trading is an offence prohibited by section 993 of the Companies Act 2006 (CA 2006). This offence is charged for offences committed on or...
Fraudulent trading under the Fraud Act 2006 A defendant who is a sole trader, in a partnership or a trust, commits the offence of fraudulent trading if they are knowingly...
Preliminary steps Before any action is taken it is important to consider: • the event which has created the suspicion of fraud in the company • the financial impact this...
What is LIBOR? LIBOR stands for the London Inter-Bank Offered Rate. It is the world’s most widely used benchmark for short-term interest rates. LIBOR was historically...
Obtaining services dishonestly It is an offence for a defendant to obtain, by any dishonest act, services for which payment is required, with intent to avoid payment for...
This Practice Note provides an introduction to pension liberation, what it is, why it happens, its structures and characteristics, and considerations for the various...
It is an offence for a person to possess, or have under their control, any article for use in the course of or in connection with fraud under the Fraud Act 2006 (FrA...
The Sentencing Council (SC) has produced sentencing guidelines for fraud offences under the Fraud Act 2006 (fraud by false representation, fraud by failing to disclose...
