fraud

Two solicitors have appeared at City of London Magistrates Court after being charged with offences in connection with a series of various commercial mortgage frauds.

The FSA has banned Walthamstow-based mortgage broker Kevin Byrne for allowing a fake client to apply for a mortgage.

A UK collaborator in a £1.5m Spain-based boiler room operation has been jailed for 33 months.

The Serious Fraud Office (SFO) says it has insufficient evidence to press charges against Bernie Madoff's London-based company or its directors.

Financial services loses more to fraud each year than any other private sector industry in the UK, according to the National Fraud Authority (NFA).

The UK opposition Conservative party is likely to follow the lead of Barack Obama , US president, and introduce similar trading curbs for banks based in the City if elected, George Osborne, the shadow chancellor, said Thursday night.

City of London police made 12 arrests over the Christmas period in Manchester and Sunderland in connection with one of Europe's biggest share frauds, in which hundreds of victims lost in excess of £20m.

Mortgage fraud accounted for 18% of all reported fraud last year, according to research from accountants and business advisers BDO.

The FSA has banned mortgage broker Rashid Farid following his jail sentence earlier in the year for conspiring to commit fraud.

Two Bear Stearns hedge fund managers have been found not guilty of fraud.