PracticeAuditFraud cases reach record value

Fraud cases reach record value

Fraud Barometer says fraud cases in 2008 highest since 1995

More fraud cases reached court last year than since 1995, according to KPMG.

The firm’s Fraud Barometer has revealed cases involving more than £1bn in
fraud were heard in UK courts during 2008, the highest figure for 14 years.

The BBC reports KPMG’s Hitesh Patel, speculating that fraud could worsen in
the near future.

‘These figures are bad enough in themselves, but I fear the trend for the
next couple of years will be even worse,’ he said.

The value of mortgage fraud cases is reported to have increase by ten times
over the past year,

Read the BBC story
here

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