Home » Fraud updates » New statistics highlight prevalence of fraud

New statistics highlight prevalence of fraud

In figures published on 21 July 2016, the Office for National Statistics has estimated that there were 3.8 million instances of fraud in England and Wales in the 12 months to the end of March. This highlights the extent to which fraud has permeated all levels of society.

However, and notwithstanding the options available to victims of fraud, it would appear that only a low proportion of victims report such incidents. In the absence of specialist assistance, victims are often left with no redress and fraudsters can get away with their ill-gotten gains.

At PCB Litigation, we consider that seeking expert advice at an early stage is crucial in the fight against fraud. There are a wealth of options potentially available, and by taking steps in a timely manner victims can seek to preserve the proceeds of fraud so that they may ultimately be recovered. The English Courts are renowned for their powers in this regard, and coupled with our colleagues in the ICC’s specialist fraud taskforce (FraudNet), we regularly create innovative and dynamic strategies designed to secure and recover assets both domestically and internationally. It is why we are proud to be continuously recognised for our excellence in combatting fraud.

Whilst today’s statistics may seem unhappy reading, victims of fraud need not despair.