Fraud

Bernie Ecclestone, former chief executive of Formula One Group, appeared at Westminster Magistrates' Court on Monday for a brief hearing and entered a not guilty plea for the fraud charge brought against him for over $472 million (c.£401m) in undeclared overseas assets.

The Financial Conduct Authority (FCA) has issued a warning against loan fee fraud. Enquiries into the FCA’s contact centre about all types of scams were up 24% as a whole in June 2022 from a year earlier. In particular, reported loan fee fraud scams into the FCA’s contact centre were up

The Insolvency Services has been using new powers to tackle fraudulent use of Covid loans. Several directors have been banned in the last month after investigations showing misuse of Covid loan money.

British billionaire and former chief executive of Formula One Group, Bernie Ecclestone, has been charged with fraud, allegedly hiding more than £400 million from the UK government.

A 28 year-old Aberdeen banker has been convicted of selling customer details to the criminal underworld on the 'dark web' but was cleared of three charges alleging the theft of £7,500 from three customers. RBS banking consultant Aditya Rajiv was last week fined £4,200 for selling the bank account