Case Study Example
Four criminals were jailed over a multi-million pound fraud. The fraud operated over a period of 4 years via a number of companies grouped under one name.
The defendants extracted large amounts of money from three financial institutions through submitting over a thousand false invoices.
Over £85 million of false invoices were submitted over the period of the fraud,.
Once the fraud was uncovered the fraudulent group of companies went into liquidation. They left the institutional investors victim to a combined net loss of over £7.5 million.
All defendants pleaded guilty to several counts of fraudulent trading
