Fraud

We help both individuals and companies facing fraud allegations

What is fraud?

According to the Serious Fraud Office (SFO), fraud is an act of deception intended for personal gain or to cause loss to somebody else

This offence falls under the Fraud Act 2006.

Whereby a person is guilty of fraud if they fall into one of three categories

1 – Fraud by false representation
2 – Fraud by failing to disclose information
3- Fraud by use of position

It also includes several activities which result in prosecution

1- Possession etc. of articles for use in frauds
2- Making or supplying articles for use in frauds
3- Participating in a fraudulent business carried on by sole trader etc
4- Obtaining services dishonestly

Categories

Fraud offences can fall into a number of categories which commonly include:
1- Banking, Insurance and Credit Fraud
2- Confidence Fraud
3- Possessing, making or supplying articles for use in fraud
4- Revenue Fraud
5- Benefit fraud

Sentences for fraud

 

Fraud prosecutions have a big impact on you, your business and your family. It can ruin your reputation and cost you a lot of money.
You can face a range of consequences depending on the charges, from community service to a financial penalty to custodial sentences.

It will depend on a range of factors such as:
If the fraud was planned or premeditated, and if it was part of organised crimes e.g. human trafficking. Period of time of the fraud, the damage caused by the fraud and attempts to conceal/ disposing of evidence

 

How to reduce a fraud penalty

This can include:
Cooperation
Voluntarily returning money
Evidence of having stopped criminal behaviour long before being caught
We can advise on the best course of action. It’s always best to have expert advice tailored for you

There are different investigators able to conduct the investigation of fraud

• Economic Crime Units of the Police
• Financial Services Authority (FSA)
• Fraud Prosecution Service (FPS)
• Health & Safety Executive (HSE)
• HM Revenue and Customs (HMRC)
• Office of Fair Trading (OFT)
• Serious Fraud Office (SFO)
• Serious Organised Crime Agency (SOCA)

Our Areas of expertise

Income tax fraud
Company fraud
Banking fraud
Bribery
Counterfeiting and forgery
Credit card fraud
Furlough fraud
Insurance fraud
Money laundering
Mortgage fraud
Identity fraud
VAT fraud

Mi Solicitors can manage serious fraud investigations, deal with restrains orders, mount a defence against the prosecution, and advice on how to protect your reputation. Fraud investigations can take years before ending up in court, to minimise damage, prevent an unproven case from reaching court and for a thorough defence, call us today.

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Call us on - 0121 356 7930      |       24/7 Helpline - 07458 999 181