Ponzi schemer jailed for ten years

The Serious Fraud Office announce:

"Convicted fraudster Kevin Foster was jailed for ten years for running an unauthorised investment business and for stealing investors' funds through his £34 million KF Concept scheme..."

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Goldman Sachs accused of subprime fraud

The Securities and Exchange Commission have charged Goldman, Sachs & Co. for:

"Defrauding investors by misstating and omitting key facts about a financial product tied to subprime mortgages as the U.S. housing market was beginning to falter..."

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IFA convicted of mortgage fraud after drug raid

According to a report by ThisIsGloucestershire.co.uk:

"Three people have been convicted of fraudulently taking out a mortgage on a house in the Forest of Dean following a lengthy and complex investigation..."

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Glasgow man pleads guilty to fraudulently obtaining mortgage funds of £250,000

At Glasgow Sheriff Court today:

"Edward Lyons pled guilty to fraudulently obtaining mortgage funds of more than £250,000, between 2003 and 2005..."

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Pension trustees in connection with £52m fraud

The Serious Fraud Office announced:

"Two former GP Noble trustees have today been charged with fraud and abuse of position in connection with the alleged theft of £52 million of pension assets from nine occupational pension schemes..."

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Four jailed in £6million mortgage scam

Metropolitan police announce:

"Four people have been sentenced to over 15 years in prison for their involvement in a £6million false mortgage scam yesterday, Tuesday 23 March..."

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Investors defrauded of £34m

The Serious Fraud Office report that:

"Investment road-show fraudster Kevin Foster has been remanded in custody today after being convicted of defrauding investors of millions of pounds through his various schemes, collectively called KF Concept..."

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SFO: Alleged boiler room conspirators charged

The serious Fraud Office has reported:

"Seven people have been charged this week with conspiring to defraud investors through a series of alleged share scam operations, known as 'boiler rooms'. All are due to appear at City of London Magistrates' Court on Friday 19 March 2010..."

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32% increase in identity fraud

According to CIFAS - the UK's Fraud Prevention Service:

"A 32% increase in identity fraud (where a fraudster applies in the name of an innocent victim or uses an entirely fictitious identity) has been driven by identity fraudsters targeting bank accounts, communications, and mail order products..."

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Six charged in £50 million mortgage fraud

Following a hearing at City of London Magistrates' Court:

"Six individuals have been charged with offences in connection with a series of high value commercial mortgage frauds..."

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