What is fraud?
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
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:
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
Counterfeiting and forgery
Credit card 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.