Fraud related to government grants has soared

Data released by the Office of National Statistics (ONS) has revealed instances of fraud reported in England and Wales grew substantially in the year to September 2021.

The most notable rise seen was in fraud relating to financial investments, which was up 42 per cent year on year, driven by a 59 per cent increase in pyramid or ponzi schemes and a 57 per cent increase in share or bond sale scams.

Other substantial increases were seen in: computer-based fraud, with reported denial of service attacks increasing by 28 per cent over the year; fraud involving government grants which surged by 73 per cent, and insurance fraud, which also saw a significant increase of 73 per cent.

Mary Young, fraud partner at law firm Kinglsey...

Suzanne Townley
News Editor
Solicitors Journal

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