Insurance cases form a major part of a forensic accountant’s work. These can include personal injury claims and loss of profit claims from instances of business interruption. As fraud experts, Mark Jenner & Co are able to assist insurance companies facing major corporate claims that are suspected to be fraudulent, organised or widespread endemic claims [...]
As an accounting expert witness, the presentation of expert accounting evidence is the key skill of the forensic accountant. Investigating corporate crime may lead to the uncovering of fraud or corruption, but once it has been found it needs to be dealt with. This will involve a dispute within the criminal or civil courts, or [...]
Why defend benefit fraud? On the face of it, benefit fraud is very hard to defend. Faced with an allegation that a certain amount of benefit has been claimed to which you are not entitled it is difficult to see how a criminal defence can be mounted. The amount claimed appears to be black and [...]
Many solicitors working in all areas of the law routinely use forensic accountants to assist them with the financial and business apsects of a case. However, some solicitors may be faced with the need to instruct an expert accountant for the first time, or must explain to a particularly demanding client why there is a [...]
Mark Jenner & Co was involved in a confiscation case recently where the principles established in the case of R – v – Allpress were argued, including within the forensic accountant’s report! This was the case of a successful businessman who had a very large property portfolio – but who also enjoyed gambling. As a [...]
The judgements made by the House of Lords in 2008 in the three cases of R – v – May, R – v – Jennings and R – v – Green are considered to be landmarks for the process of confiscations under the Proceeds of Crime Act 2002. The cases clarify a number of important [...]
BENEFIT – USE OF MIXED FUNDS READ THE FULL ACCOUNT AT BAILII.ORG This case concerns Mr Waya who purchased a property using £310,000 of his own legitimate funds and £465,000 obtained as a loan. As he made false representations in order to obtain the loan – the loan funds were considered to be criminal proceeds. [...]
First Stage Investigation Service (FSI) Experience has shown that there are a vast number of smaller frauds being perpetrated which are not being investigated or dealt with in any satisfactory way. These are frauds such as employee thefts or “rip offs” by suppliers such as builders where the financial loss may only be several £thousands. [...]
DIFFERENT BURDENS OF PROOF (CIVIL OR CRIMINAL) WHEN DETERMINING BENEFIT RELIANCE ON PARTIAL RECORDS WHEN CALCULATING BENEFIT IN DRUG TRAFFICKING CASES READ FULL JUDGEMENT AT BAILII This criminal defence case is an appeal in the Supreme Court of Judicature involving a disputed benefit order made under the proceeds of Crime Act 2002 in the sum [...]
HOW MARK JENNER & CO CAN HELP FRAUD REGULATORS Up front no obligation review of any case to determine if there are areas where value can be added Fixed price quotes for specific tranches of work – no surprises at the end of a case No work done unless authorised in advance No obligation presentations [...]
WHY PROTECT AGAINST EMPLOYEE FRAUD? According to the Association of Certified Fraud Examiners, businesses lose on average 7% of their revenue from fraud. In a recent survey of over 2000 employees carried out in the UK, 20% of them admitted to fraud – 70% of respondents said that they would commit fraud if they knew [...]
Tax fraud is a massive subject area. I have addressed Missing Trader Intra Community (MTIC) VAT fraud in a separate article as it is a huge subject in its own right, responsible over the past decade for absorbing many £billions of tax payers’ money that should rightfully belong within the Treasury’s coffers. Tax fraud hits [...]
Value Added Tax or VAT as it is more commonly referred to is an indirect taxation of the goods and services that we all have to buy. As a percentage of the sales value, some 17.5% in the UK rising to 20% in 2011, it represents many billions of revenue for the tax authorities. Yet [...]
Mark Jenner & Co is a new specialised forensic accountancy practice based in York. As a forensic accountant in York it is possible to service clients not only in the North of England, but the firm is ideally situated to work throughout the UK. Indeed, it is possible to be in London in less than [...]
Offshore fraud is any fraud that takes place outside the jurisdiction in which you live. It is also generally used for frauds committed outside the mainstream anti-fraud jurisdictions such as the UK and USA. It often centres on locations that target financial investors because of loose or beneficial tax laws. Fraud Advisory Services has been [...]
INSOLVENCY ASSET RECOVERY – RECOUPING THE LOSS USING FORENSIC TRACING AND FRAUD INVESTIGATION RESOURCES When a major fraud is eventually discovered those companies taking aprt are often forced to enter insolvency proceedings. This reduces the chance of civil asset recovery and often increases the difficulties in tracing and retrieving assets diverted by the fraudster. However, [...]
Mark Jenner BSc MA FCA CFE Qualifications BSc Physics at Birmingham University. FCA Fellow of the Institute of Chartered Accountants in England and Wales. CFE Certified Member of the Association of Certified Fraud Examiners. MA Post Graduate Masters Degree in Fraud Investigation Management at Teesside University. MEWI Member of the Institute of Expert Witnesses General [...]
If you are the victim of a fraud within your business you will likely be very angry. The immediate reaction is…. to react! This can sometimes make the problem worse. You can’t simply sack a suspect employee, march round to their house and search through the contents of their home study in the hope of [...]
These days confiscation cases seem to outnumber the predicate fraud cases that Mark Jenner & Co assists with. They are self funding for the authorities who will not be cutting back on this area – even if they are forced to make financial cutbacks elsewhere. According to the CPS, targets for confiscations will increase to [...]
It is essential that businesses are aware of the seriousness with which the authorities regard money laundering – the legislation has been termed “Draconian” and turning a blind eye to any form of criminality these days can present the risk of lengthy prison terms for innocent parties that are exploited by criminals. Fraud Advisory Services [...]