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Fraud Hits Record Level 2007-01-30

Posted by clype in Money, Scotland, Statistics.
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Accountancy firm KPMG estimate that Scottish fraud in 2006 amounted to about 50 million GBP — almost three times the 2005 total — the highest level in 20 years of official research. Head of KPMG Scotland’s Forensic Team Mr.Ken Milliken said:

‘They have clearly been stepping up their efforts in the last year, with ID theft, card scams, bank insider frauds, money laundering and cigarette and VAT frauds represented within our figures.

‘Despite considerable government efforts to make it harder for such gangs to operate, there is still a long way to go.

‘Added to that, with company managers committing nearly  350 million GBP of fraud last year, the figures produce a picture of a country where fraud is becoming worryingly deep-rooted.’

  • Scottish courts dealt with 22 fraud cases worth 50.1 million GBP in 2006,
    compared with 15 case worth 18 million GBP  the previous year.
  • A total of 837 million GBP of fraud was committed across the UK last year, with a third of Britain’s 277 cases carried out by professional criminals.

Company managers were responsible for 40 per cent of fraud in terms of value.

  • Last year, Edinburgh bank manager Mr.Donald Mackenzie was jailed for embezzling 21 million GBP from ‘The Royal Bank of Scotland’.
  • Insurance broker, Mr.John Walker, admitted to selling customers of his Midlothian-based business 10 million GBP in bogus policies.
  • In Ayr, the boss of a knitwear company stole more than 250 000 GBP from the firm over a four-year period to fund his gambling habit.

Mr.Milliken claimed measures should be put in place to make operating fraud more difficult, as well as creating systems to make it easier to detect.  He added:

‘The government’s recent fraud review, as well as the creation of the new Scottish Crime Campus, are important measures which will help in the fight against fraud.

‘But you can’t legislate against human nature, which is why fraud will always be around.’

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