UK fraud office returns £1m to victims of ‘Wolf of Wimbledon’ scammer April 28, 2022 The UK’s serious fraud office (SFO) has returned £1m in stolen funds to more than 200 victims of Australian fraudster Jeffrey Revell-Reade. The SFO said it had handed over another £1m in stolen funds, on top of the £3m already returned, after the fraudster conned investors out of a total £70m. The return comes after [...]
UK fraud investigators serve notice on companies linked to mining magnate Sanjeev Gupta April 27, 2022 UK fraud investigators yesterday served notices at multiple addresses linked to mining magnate Sanjeev Gupta, just a day after French police raided Paris offices linked to the embattled steel tycoon. The UK’s Serious Fraud Office (SFO) yesterday issued Section 2 notices to trading addresses linked to the Gupta’s Liberty House Group of companies, requesting financial [...]
London lawyer denies charges of tipping off client ahead of money-laundering probe April 12, 2022 A City of London solicitor, accused of forging a legal letter and tipping off a client about a money laundering investigation, is set to stand on trial after denying both counts. William Osmond, founder of City of London law firm Osmond Solicitors, entered not guilty pleas on one count of forgery and one count of [...]
City Moves: Who’s switching jobs in the Square Mile? April 7, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Tritax Group Logistics real estate investment manager Tritax has hired a new director of ESG, who will be based out of its London office. Alan Somerville, who acted as a consultant for the company at the beginning of the year, [...]
City Moves: Who’s switching jobs in the Square Mile? March 22, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Savills Savills has appointed a new head of diversity and inclusion (D&I) for its UK businesses. Joining from the Department of Health & Social Care where she was deputy director of D&I for wellbeing and culture, Chanelle [...]
London lawyer forged letter and ‘tipped off’ client during Serious Fraud Office probe March 15, 2022 A senior partner at London law firm Osmond & Osmond has been charged with forging a legal letter and tipping off a client over plans by the Serious Fraud Office (SFO) to launch an investigation under the proceeds of crime act. Sixty-seven-year-old solicitor William Osmond – who founded London law firm Osmond & Osmond in [...]
Pandemic leads to major spike in whistleblowers turning to SFO to report alleged fraud March 14, 2022 The pandemic has led to a near 20 per cent rise in whistleblower reports about alleged fraud. Workers may have falsified accounts to cover up theft or inflated sales figures in a bid to achieve bonuses during the pandemic, a new report by consultancy firm Accuracy has found. There was a 17 per cent rise [...]
Fraud watchdog sees spike in whistle-blowing reports during pandemic March 14, 2022 The UK’s fraud watchdog has seen a spike in whistle-blowing reports during the pandemic, new research has found, with the number climbing to 150 in 2021. Reports to the Serious Fraud Office (SFO) jumped 17 per cent between 2020 and 2021, according to independent financial and strategic consulting firm Accuracy, as the Covid-19 fuelled economic [...]
Serious Fraud Office opens investigation into Arena Television February 23, 2022 The Serious Fraud Office (SFO) is conducting a criminal investigation into collapsed broadcaster Arena Television.
UK strikes compensation deal with Nigeria following years-long global fraud probe February 22, 2022 Over £200,000 in compensation obtained by the Serious Fraud Office (SFO) investigation into a company called Amec Foster Wheeler Energy will be transferred to Nigeria after a UK-Nigeria Memorandum of Understanding was signed today, the SFO said this afternoon. “In total, £210,610 will be transferred by the UK Government, with the funds supporting three key [...]