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.
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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.
A mortgage and investment adviser was banned from carrying out any regulated activity after it was discovered he had submitted two personal mortgage applications with inflated income.
A Middlesbrough-based mortgage fraudster has been ordered to return more than £100,000 to the state after an agreement was reached at Teesside Crown Court.
A mortgage fraudster and surveyor imprisoned in 2011 after admitting defrauding the Cheshire Building Society, Bank of Ireland, Societe Generale and the Nationwide Building Society in a £50m deception, has finally paid an overdue £1.5m confiscation order.
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