Fraud cases hit a 22 year peak
UK companies and individuals lost some £608.5 million to scammers in the first half of this year – the highest loss for 22 years.
KPMG’s fraud barometer (which assesses serious fraud cases with charges in excess of £100,000 in the UK courts) found 166 cases of serious fraud in the first half of this year – the highest number of cases in a six month period in the barometer’s 22 year history.
Continued...
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£135 million per case?
Transcribing figures from one report to another has resulted in errors - the 4th paragraph says "£135 million per case", when in fact KPMG reported £135 million in total (and £4 million per case).
I know these fraud figures are mind-bogglingly high but there is no excuse for inaccuracy, especially on an accountancy website, and the end result is lack of credibility in the whole report which is a shame.
Dick Bollard - www.thefraudadvisor.co.uk.
Fiddling the figures
Number of cases, up; average value per case, up; total value of cases, down.
Hmmm? Is this yet another fraud?