Fraud Newsletter No. 91 May 2024

ENRC v DSFO & Ors [2024] EWHC 1244 (Comm): Disclosure re: DSFO’s mobile.

Currie [2024] EWCA Crim 543: principles re joint privilege applied.

Shabani [2024] EWCA Crim 553: laundering x 3, failure to hold a Newton, 11 months substituted for 14.

Love & Anor [2024] EWCA Crim 465: Renewed app. for leave to appeal confiscation orders refused, 1 month time to pay sufficient; hearing in CC properly conducted.

Nothing of Note.

UK Finance Annual Fraud Report 2024: £1.17B lost; £1.25B prevented by banks; 76% APP fraud started online and 16% on telecoms: UK Finance: 22 May 24

Tackling the Silent Threat of Fraud: Amplifying the UK’s Response: Comment on UK gov first fraud strategy: RUSI: 23 May 24

Anti-money laundering and countering the financing of terrorism: Supervision Report 2022-23: HM Treasury: 1 May 24

New form for production order app. / order to grant entry POCA ss 345 & 347, Crim PR 47.18.

Post Office Horizon IT Inquiry:
Recordings, transcripts, reports, evidence and key documents etc available on the POHITI website.

FCA:

Guy Flintham sentenced to 6 years for fraud over unauthorised investment scheme: 17 May 24

‘Finfluencers’ charged for promoting unauthorised trading scheme: 16 May 24

Three charged over CFD trading pension fraud: 15 May 24

NCA:

Peter Virdee charged with bribing a foreign official: 23 May 24

SFO:

Fraud Office steps up response to Phillips Trust scandal: Times [paywall]: 28 May 24

UK Libor trader Hayes given route to appeal rate-rigging conviction at Supreme Court: Reuters: 21 May 24

Justice Select Committee – Director of SFO: 14 May 24

Why is Britain hopeless at punishing corruption?: Economist [paywall] 13 May 24

SFO secures conviction of investment manager for £100 million no-win-no-fee fraud: 3 May 24

The SFO’s five-year strategy: Law. Soc. Gaz: 3 May 24

Gang Jailed over £50m benefit fraud: BBC: 30 May 24. Sentencing Remarks.

Woman found with £2B in Bitcoin Jailed: BBC: 29 May 24: Sentencing Remarks.

Angela Rayner cleared by HMRC over tax on sale of former home: Guard: 29 May 24

Nearly 40% of dirty money is laundered in London and UK Crown Dependencies: Guard: 14 May 24

PwC and EY handed multimillion-pound fines for London Capital & Finance audits: City AM: 7 May 24

Trump found guilty on 34 counts of falsifying business records; sentencing set for 11 July: BBC: 30 May 24

Two Estonian Nationals Extradited from Estonia to the United States for $575M Cryptocurrency Fraud and Money Laundering Scheme: DOJ: 30 May 24

Malta Charges Ex PM and His Top Officials with Corruption: charges include money laundering, fraud, conspiracy, bribery, and corruption in public office; OCCRP: 28 May 24

Chinese network behind one of world’s ‘largest online scams’: Guard: 8 May 24

Fraud Newsletter May 24 No. 91