HIDDEN ASSETS IN CONFISCATION PROCEEDINGS
Many readers will share my view that the Proceeds of Crime Act is draconian. It has always been said that this law is not in force to punish convicted criminals, but to recover the [...]
Successful outcome for creditors using our forensic insolvency service
A successful outcome for creditors of a law firm which went into liquidation has made it a pleasing start to the new year for Inquesta’s forensic insolvency team. It is the latest case in [...]
Consequential Losses on Mis-Sold Interest Rate Swaps
We have written on numerous occasions about the importance of involving a specialist forensic accountant to quantify consequential losses in relation to Interest Rate Swap claims. Never has this been more important and if [...]
Mis-sold Hedging Products – Using a Forensic Accountant to Calculate Consequential Losses
It was reported in the news yesterday that Barclays has recently offered the highest payment so far to a victim of a mis-sold interest rate swap. The offer relates to the sale of a [...]
The Advantages of Using Forensic Accountants in Confiscation Proceedings
This article has been provided by Alan Burcombe, Senior Partner at Wells Burcombe Solicitors - www.wellsburcombe.co.uk The provisions applicable following conviction, and indeed before conviction, such as restraint orders, under the Proceeds of Crime Act [...]
Current Fraud Trends
The National Fraud Authority publishes its Annual Fraud Indicator each year. In the latest version it estimates that fraud cost the UK economy £73 billion. This is broken down as £45.5 billion in the [...]
Mis-Selling of Interest Rate Swaps
An interest rate swap enables the banks to exchange fixed rate interest for variable rate interest over a set period of time. A company typically uses interest rate swaps to limit or manage its [...]
Claim for Mis-Sold Interest Rate Swaps
In the last few days, the big four banks, Barclays, Natwest, Lloyds and HSBC have admitted to mis-selling interest rate swaps to small and medium sized businesses. An interest rate swap enables the banks [...]
FREE FRAUD HEALTH CHECK
In the last few days, CIFAS, the UK’s Fraud Prevention Service announced that fraud committed by staff increased by 14.5% in 2011 compared to 2010. A quick search over the internet highlights this. By [...]
What is a Forensic Accountant?
What is a forensic accountant? I am often asked what I do, the answer to which of course is “I am a forensic accountant.”. The general response to that is “oooh that sounds interesting…..” [...]