25 September 2020
The Law Society Gazette and Third Sector recently reported that a number of charities, including Guide Dogs for the Blind Association, Yorkshire Cancer Research, the British Heart Foundation and the National Trust, issued a claim against a former solicitor, Linda Box. They claim to have been deprived of a legacy gift from a Will of which she was the co-executor. Box was sentenced to seven years in prison in 2017, having admitted to 12 offences of fraud, theft and forgery while working as a senior partner at a firm of solicitors in Wakefield, having stolen approximately £4 million. The fraud is said to have been conducted using a process known as “teeming and lading” whereby money is moved between client accounts to hide a shortfall or theft.
11 August 2020
Legacy disputes are on the rise and may present a significant threat to the principle of testamentary freedom. High-net-worth family advisors should therefore be alive to the risk of a legacy dispute and, where possible, ensure appropriate steps are taken to lessen the likelihood of a successful claim.
30 April 2020
The Charities Commission has recently warned that fraudsters are exploiting the spread of coronavirus (COVID-19) in order to carry out fraud and cybercrime against charities. Unfortunately, in our experience, the likelihood of the police taking action against these individuals is low. In the current climate it is easy to understand why the use of private prosecutions is firmly on the rise. In the past, some charities have been criticised for having an overzealous approach to the conduct of their private prosecutions. In this blog, we highlight the importance of taking a few simple steps to ensure that charities who conduct private prosecutions are beyond reproach.
29 April 2020
It has been widely reported that fraudsters are currently seeking to exploit the situation with COVID-19. Alarmingly, Action Fraud reported an increase in coronavirus related fraud by 400% in March. In this blog we outline some of the critical questions, which all charities, irrespective of size and stature, should be asking themselves to identify areas of risk and detect fraud and how to best respond if the charity has been a victim of fraud.
15 May 2018
The Charity Commission for England and Wales has published a report outlining its findings into how insider fraud, namely fraud committed by a trustee, staff member or volunteer, is affecting charities.