There have been rising instances of fraud, business crimes, and corporate misconduct in the UK. The penalties for these acts are often severe, such as significant prison sentences, a criminal record, confiscation of assets, and other devastating reputational consequences.

For anyone under investigation for fraud, it’s important to have expert legal help from solicitors who have a proven track record of dealing with investigations and persecutions of a similar nature.

Expert criminal defence lawyers, such as those at Wembley Solicitors, can help you promptly and effectively deal with any allegations of regulatory misconduct or fraud.

What is Fraud?

In layperson’s terms, fraud entails false representation, abuse of a position of power, or prejudicing the rights of someone else for personal gain. There are many different types of fraud, as classified by The Serious Fraud Office in the UK. And the conviction for charges greatly depends on the facts of each case. The maximum sentence for a fraud conviction can be up to ten years in prison.

The three main classifications for the nature of the fraud include:

Fraud by abuse of position - Any person who is in a position of power and trust who dishonestly abuses that position for personal gains-leading to losses for others-comes under this category. An example would be a legal guardian or trustee using the funds they have been left in charge of for their own personal expenses.

Fraud by failing to disclose information - Any person who is legally obligated to disclose important information and fails to do so with the intent of causing a loss to another while making a gain for themselves is committing fraud. Insurance and property fraud often fall under this category, whereby the client is provided false information and duped.

Fraud by false representation - When a person makes a false representation for himself without having the authority to do so solely to make a gain for themselves, they are omitting fraud by false representation. Using stolen credit cards and selling stolen goods falls under this category.

Corporate and civil fraud

Any type of fraud that is committed against a corporation of or a business is classified under corporate or business fraud. These include:

  • Ponzi schemes
  • Pension frauds
  • Pyramid schemes
  • Mortgage fraud
  • Insurance fraud
  • False accounting
  • Bribery and corruption
  • Market manipulation

In the case of civil fraud, the crime is committed against a person who has to bring the case to court as a victim of said offence. This can include:

  • Identity fraud
  • Check fraud
  • Credit card fraud
  • Telemarketing fraud
  • Wire fraud
  • Mail fraud

Further classification of frauds includes serious and complex frauds as well.

Get expert legal representation

Whatever the case may be, facing a professional or business or personal crisis involving fraud, or any related situation can have devastating implications whether you are a victim or accused of such crime.

Often, the damage caused by fraud to personal reputation, business operations, and career can be irreparable if not handled swiftly. Seeking the specialist advice of expert criminal lawyers such as our team at Wembley Solicitors can put you in the best position to defend yourself and limit the damage.

Our team has years of experience acting for clients in the most challenging and complex fraud cases including dealing with disciplinary proceedings, defending fraud claims, advising in employment, and fighting the prosecution in court and wherever necessary.

Need legal advice & assistance?

At Wembley Solicitors, we have years of experience providing legal representation for criminal offences and other criminal law related matters.  We're authorised and regulated by the Solicitors Regulation Authority (SRA), so you know you're in safe hands.

Contact our solicitor today to get legal advice and assistance with your legal matters.

You can call us on 02034173700 or leave your details here for a callback request regarding your legal matter.