Brexit & EconomyPoliticsSFO chief signals shift in focus to fraud victims

SFO chief signals shift in focus to fraud victims

The new SFO chief signals a shift in focus towards helping consumer fraud victims

The new head of the Serious
Fraud Office
– Richard Alderman, a barrister and former top tax investigator
– says more energy should be put into helping consumer fraud victims, signalling
a potential shift of focus away from high-profile corporate graft.

Alderman told the Financial Times his main ambitions were to seize
more proceeds of crime to reimburse victims, bring cases to court more quickly
and educate people to protect themselves from fraud.

‘I want us to put the victims at the heart of what we do … looking at
bringing justice to the victims, compensating them – I think that’s very
important,’ he said.

He said key areas would include advance fee frauds, ‘Ponzi’ pyramid schemes
and so-called ‘boiler room frauds’ which tricked small investors into buying
near-worthless shares.

Further reading:

Former tax inspector takes helm at SFO

Read
story in the Financial Times

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