UK FRAUD VALUE UP 151% IN A YEAR, LATEST SURVEY FINDS
February 22nd, 2023
The combined value of major fraud cases over GBP100,000 (USD120,428) tried in United Kingdom Crown Courts rose 151% in a year from GBP444.7 million (USD535.49 million) in 2021 to GBP1.12 billion (USD1.35 billion) in 2022, returning to pre-pandemic levels, according to the February 17 KPMG Fraud Barometer (1). The 2022 total was especially inflated by five cases worth at least GBP50 million (USD60.21 million), totalling GBP648 million (USD780.42 million), in “stark contrast to 2021” where there were none. Nevertheless, the volume of cases dropped in 2022 by ...
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