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In the last three years we have recovered over £200 million of hidden and misappropriated assets for clients ranging from foreign governments, HMRC, claimants in major frauds, banks, insurers as well as other listed and non-listed corporates. We use insolvency proceedings, court appointed receiverships and other civil procedures. We have extensive experience of retrieving assets from jurisdictions in the Caribbean, Middle East, Africa, Europe and Asia, as well as the offshore centres. We operate under a number of fee structures, often working on a contingent basis or with the benefit of third party funding. This means we are able to bear the risk of the investigation, and only charge a fee in cases where a recovery is made. In many cases our work represents an opportunity for clients to turn write offs into revenues. In addition, we are experienced at working alongside the UK prosecuting authorities to manage businesses, safeguard restrained assets and recover the proceeds of crime using the Proceeds of Crime Act 2002 criminal and civil legislation.

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Jail for cold-caller who scammed elderly wine investors

Very encouraging to see this result.  the dodgy investments are all too familiar - fine wine, diamonds.......

Jonothan Piper, from Wanstead, has been sentenced to five and a half years’ imprisonment after pleading guilty to one count of fraudulent...…

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CEO Fraud

This fraud has been around for a while yet companies seem to fall victim to it far too regularly.  Like so many frauds it is difficult to...

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BIA Conference

It was a pleasure to present alongside WeirFoulds at this conference and discuss the recently introduced Bankruptcy and Insolvency Act. 

WeirFoulds LLP and the Association of Caribbean Corporate Counsel (ACCC) present a two-day workshop on Trinidad's Bankruptcy and...…

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HMRC success on tax avoidance scheme

HMRC has won it's tenth case against a provider of avoidance schemes in the Court of Appeal.  I saw an interesting article recently which...

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HMRC investigation tactics

I was surprised to read this.... 

HMRC property raids have increased by 28% in the last year

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Panama Papers rumble on

MEPs from a range of British parties will be questioned on the role of British overseas territories in the facilitation of tax evasion,...

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Checklist for international arbitration

Good read, 12 important things to be mindful of in international arbitration by Oleg Rivkin

International arbitration is an ever-growing field. Even experienced litigators who find themselves representing a client in an...…

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Saudi injects $5.3bn into banks

Saudi Arabia’s central bank stepped up efforts to support lenders in the Arab world’s biggest economy as they grapple with the effects of...…

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Spain Bankia fraud trial for ex-IMF boss Rodrigo Rato

Interesting news; one wonders whether the Spanish will take as hard a line as the US in such cases

Former IMF chief Rodrigo Rato and 64 other bankers have gone on trial in Madrid over an alleged credit card racket at Spain's troubled...…

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Gone Phishing

Some useful advice from ActionFraud

Fraudsters are sending out a mass of constantly evolving phishing emails to personal and business email addresses that contain ransomware...…

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Stay one step head - 'dubious' investment schemes try their hand at credibility

Grant Thornton UK LLP have been appointed to act as Liquidator in many failed investment schemes such as diamonds and carbon credits. We...

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IFRS 15 -Real Estate and Construction

New guidance by Louise Kelly from Grant Thornton on IFRS 15 looking at a number of key areas:

1) identifying the contract with a customer;

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Hanjin Shipping Ripples

Interesting article by Andy Charters of Grant Thornton

"The recent bankruptcy of South Korea's largest shipping liner has served as a...

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Asil Nadir

Back in Northern Cyprus and back in business...that didn't take long... 

Nadir back in business with Lefkoniko airport contract

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Credit card cancellations as barometer of fraud

Some interesting statistics and implications

Almost five million people had to cancel their bank cards last year, according to a survey that gives the strongest indication yet of the...…

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Scottish Limited Partnership facilitating crime

Last year the prominence and potential scaled of this problem was highlighted with a $1billion fraud on three Moldovan banks, with a...

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Hats off UAE, positive steps towards spreading positivity

The UAE has introduced Ministers for happiness, tolerance, youth and the future. Interesting read in that it acknowledges the 'Arab...

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Auditors are still too close for comfort

Despite previous huge failings of which we are all familiar in the audit sector, and despite the systems put in place to try and ensure...

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The Take Five campaign, what's that?

Financial Fraud Action (FFA) backed by banks are promoting The Take Five Campaign. They ask people to take five minutes out and pause...

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An expert in diamonds last week and wine this week?

When an investment fraud is discovered it can transpire that completely different investments have come before it. 

If researching a...

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High stress levels for Chinese banks

Global banking watchdog warns over Chinese banks

Risks of a Chinese banking crisis are mounting, according to a warning indicator from the banking industry's global watchdog. A key gauge...…

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End of global banking for smaller banks?

Regulators to dig deeper into worries over money-laundering checks. With larger banks cutting ties with smaller ones leaving the smaller...

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Insolvency Practitioner bonding

This consultation is desperately needed....speaking as someone who struggles with the existing system in trying to bring claims...it...

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Class of one, or the first of many?

Denmark is understood to be the first country to announce making a payment to obtain the panama papers.  It remains to be seen if others...

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Jail for fraudster.... 22 years on!

Despite the case being opened in 1999 and being sentenced to four years in jail, this individual fled the UK.  Following extradition...

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Hanjin, more than a drop in the ocean

This catastrophic bankruptcy is rippling its way around the world and likely to affect items on Santa's Christmas list. With cargo stuck...

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Gummy Bear Films Limited order to wind up 5.9.16

An order was made on 5 September 2016 to formerly wind the company up. 

The case is now subject to High Court action and no further information will be made available until a petition to wind up the company is...…

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"Sour Grapes" The film of the fraud

We've had a few fraudulent wine investments schemes through our hands over the past few years, but this one is truly impressive (for all...

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Employers could face jail for failure to prevent fraud

In a bid to tackle and curb 'boardroom excesses', Prime Minister Theresa May has vowed to make tackling corporate crime a key focus of...

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Corporate responsibility for fraud

The government is considering an expansion of the criminal offence of "failure to prevent" to economic crimes including fraud and money...

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Every little helps?

SFO brings charges against three former executives over Tesco accounts fraud

Three Tesco former executives have been charged as part of an ongoing Serious Fraud Office (SFO) investigation into 2014 accounting...…

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P2P lending a hotbed for ponzi schemes?

China have issued new regulations in an attempt to prevent P2P funding providers from running Ponzi schemes and raising funds illegally.

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Jail sentence for accountant

Over £285,000 was fraudulently claimed, with the accountant personally benefitting by up to £110,000.  He has been sentenced to 43 months...

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Honeymoon period over?

Maldives, corruption claims leads to authorities raiding offices with journalists fleeing the country

Authorities in the Maldives have raided the offices of a newspaper and a human rights NGO and cancelled the passports of fugitive...…

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UK Fraud Office Comments on 'Increasing' Bitcoin Use By Criminals

Finally the SFO is looking at this...

UK Fraud Office Comments on 'Increasing' Bitcoin Use By Criminals

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Former Insolvency Practitioner jailed for fraud

This story has had a reasonable amount of coverage in the accountancy press  - a great cure for insomnia.  What it demonstrates the...

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Former Insolvency Practioner Jailed

Confirmation of custodial sentence for  ex-IP.

William Evan Price, aged 69 of Pontnewynydd , Pontypool, Torfaen, a former insolvency practitioner practising at Abersychan, has been...…

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New insolvency law in the UAE

It'll be interesting to see the effects of this law, which impacts on companies.  The equivalent for personal insolvencies is due in the...

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Warning of scam using Papypal/Twitter

Another variety of phishing scam.

If you get a tweet from what appears to be an official PayPal support account on Twitter, take the time to double-check the source –...…

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Show me the Money!

After the heavy costs of litigation and finally getting that piece of paper saying you have judgment what happens when you find the other...

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Is a bankruptcy restriction order enough?

The Insolvency service reported the case of Robert Hiom last week - see article and links below.  Clearly it is appropriate that he was...

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Suspicious activity reporting by banks

I can’t understand how the banks don’t report multiple cash withdrawals at or around the reporting limit as suspicious activity. They...

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The hotel brand dilemma

By Adrian Richards of Grant Thornton

In the battle for guests, branding has traditionally been a powerful weapon. Customers, whether...

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Brexit triggers rise in bankruptcy forecast

Another view backing Brexit may lead to extra insolvencies.

Brexit has been a catalyst for negativity across global economies and insolvency levels are expected to be the weakest since 2009...…

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An IPs persepctive on Litigation Funding

Although I wrote this only recently, if I wrote it again today my thoughts on the topic will have developed, given further recent...

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HMRC proposals to tackle black economy

Good to see proactive proposals.  In practice, it would be interesting to see whether this would have any real impact; people operating...

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UK versus USA whistle blowing payments

It is only a matter of time before the whistle blowing award culture in the USA comes to the UK. In the UK whistle blowing is governed by...

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