A former JP Morgan investment adviser has been accused of stealing at least $20m from clients and using the money to trade on his own account and to pay off his mortgage.
A fraudster has been ordered to repay £500,000 as proceeds of crime which he obtained through a mortgage scam, allowing him to fund lavish holidays and property purchases.
An alert service set up by the Land Registry to prevent property fraud has been used by more than 19,000 people in its first year.
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The value of fraud in the finance and insurance industry more than halved in 2014, falling from£532m in 2013 to £236m in 2014, figures published by accountant BDO show.
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The four fraudsters caught in a £5m mortgage and property scam received jail sentences at Swansea Crown Court totaling just over 18 years.
An estate agent and financial adviser are among four fraudsters due to be jailed in Wales today after perpetrating a complex web of mortgage and ID fraud.
A fraud ring of seven people obtained £1.5m of mortgages by inflating property prices of business and residential properties in the Coleraine area of Northern Ireland.
A former mortgage adviser who was jailed for a £478k fraud, which included conning members of his own family, is appealing against his sentence.
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A gang of four who masterminded a £30m mortgage fraud have been jailed for a combined total of 34 years.
Mortgages continued to be the number one target for financial fraudsters above any other retail product, analysis of detected fraud has revealed.
Brokers must have a full understanding of a client's financial circumstances in the fight against fraud, Lloyds Banking Group’s Paul Size has said.
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