|
Title and
description of item or excerpt. |
Links - the
full story |
Date posted
on UnjustIS |
|
|
|
|
|
The market where 'caveat
emptor' has become a charter for fraud
The statisticians marked 2005 as
a record year for the Alternative Investment Market, the London Stock
Exchange's market for small and growth companies. |
Independent |
30 Nov |
|
The Pensions Commission has published its 2005 second report. |
Pensions Commission |
30 Nov |
|
Relief for Halifax fraud
victims
THE Halifax has finally agreed to
pay back the victims of IOU swindler Graham Price - with interest.
The bank bowed to pressure yesterday and agreed to make ex-gratia payments
to investors who lost cash to the gambling mad branch manager. |
IC Wales
BBC |
30 Nov |
|
The man who lost his mind
Electro-convulsive therapy wiped out 15 years of Jonathan Cott's memories.
So he began piecing together his past - and exploring what it means to
remember. Barbara Elizabeth Stewart meets him |
Independent |
29 Nov |
|
Smoking
Will someone please make up their minds. Ban it; partially ban it; agonise
over consequentially lost revenues; inject more resources into the health
service, or ignore the problem until it goes away. Hurry up - my arteries
are hardening by the puff. |
Just a UJ ramble |
29 Nov |
|
Calif. Congressman Admits
Taking Bribes SAN DIEGO (AP) -
Rep. Randy ``Duke'' Cunningham, an eight-term congressman and hotshot
Vietnam War fighter jock, pleaded guilty to graft and tearfully resigned
Monday, admitting he took $2.4 million in bribes mostly from defense
contractors in exchange for government business and other favors. |
Guardian |
29 Nov |
|
Fraud hits over half of UK
companies: report LONDON
(Reuters) - More than half of UK companies suffered from fraud in the past
two years, losing an average of 1 million pounds each, and the most common
method of detecting it was by accident, a report on Tuesday showed. Around
55 percent of British firms reported being hit by economic crime or fraud,
compared with an average of 45 percent of businesses worldwid'e, a survey by
auditor PricewaterhouseCoopers found. See also:
Open to Persuasion? |
Reuters |
29 Nov |
|
Lawyers give up power to rule
on disputes
SCOTLAND'S 9000 solicitors appear certain to
be stripped of the right to police themselves after their governing body
effectively conceded defeat in a battle to retain control over how the
profession is regulated. |
The
Herald |
29 Nov |
|
Rogue Partner
Michael Fielding embezzled
millions from Lawrence Graham's client account and then fled to the US. In
his first full interview since Fielding's conviction this month, senior
partner Bill Richards tells Donna Sawyer how much it damaged the firm - and
why partnerships still have to be based on trust |
The Lawyer |
29 Nov |
|
UK victims of faulty drugs
denied payout
Claimants caught in legal limbo -
Clare Dyer, legal editor
One of Britain's leading QCs
warned last night of a "serious risk" that people injured by faulty drugs
will no longer be able to mount compensation claims in the British courts. |
Guardian/Observer |
29 Nov |
|
Brief
analysis of the complex fraud trials issue.
Jubilee line fraud trial
collapses at enormous cost
Guardian, 23 March 2005
Alcohol duties fraud trial
collapses.
BBC, 26
November 2002
In 1995, the trial of Ian
and Kevin Maxwell lasted eight months, cost £25m and resulted in no
convictions.
in 1994 the Brent Walker
trial cost £40m, lasted four months and resulted in only one conviction.
"The public no longer
believes that the legal system ... is capable of bringing the
perpetrators of serious frauds expeditiously and effectively to book. The
overwhelming weight of the evidence laid before us suggests that the public
is right. In relation to such crimes, and to the skilful and determined
criminals who commit them, the present legal system is archaic, cumbersome
and unreliable. At every stage ... the present arrangements offer an open
invitation to blatant delay and abuse."
Commonwealth Director of Public Prosecutions, September 1993 Speech by
Lord Roskill
In the UK during the 1970's
and early 1980's there was considerable public dissatisfaction with
the system for investigating and prosecuting serious and complex fraud.
Serious
Fraud Office
Research notes To search Google for
relevant pdf documents featuring the 1986 "Roskill Report",
entitled:"Fraud Trials Committee Report",
click here Download the
Fraud Bill as introduced in the House of Lords on 25th May 2005
pdf or html |
|
27 Nov |
|
No-jury trial plan 'presses
on'
The government is to press on
with its plans to allow judges to sit without juries in complex fraud
trials, despite opposition from lawyers and barristers. Attorney General
Lord Goldsmith told BBC Radio 4's Today programme "it is about
justice...making sure serious fraudsters are brought to trial". |
BBC |
27 Nov |
|
Crooked lawyers ordered to pay
up A
SOLICITOR and his law firm must pay £360,000 to 63 investors involved in a
boiler room scam the Court of Appeal ruled today. John Martin and Adrian Sam
& Co ("ASC"), the former London-based law firm at which Martin was a
partner, were found guilty in December 2004 of being involved in an illegal
overseas investment firm's 'boiler room' activities in the UK. |
This is Money
Financial Services Authority |
26 Nov |
|
Talks promised on non-jury
trials Ministers are to enter
talks on re-thinking plans to allow judges to sit alone in complex fraud
trials.
Parliament approved the plans in principle in 2003 and they were meant to
come into force in January.
But opposition peers threatened to block them next week and the government
has decided to seek a compromise. (Allowing judges and other lawyers to be
the sole arbiters in fraud cases involving other members of the legal
professions, for instance, would be the ultimate, humiliating disgrace in an
already corrupt system. Question: how many judges, police officers and other
legal professionals have declared their membership of or affiliation
with Freemasonry? UJ) |
BBC |
25 Nov |
|
TSSI 'DISHONEST BRITAIN'
SURVEY - WIDESPREAD FRAUD PUTS SECURITY AT RISK
Dishonesty and fraud are widespread in the UK, with nearly half of people
admitting to forgery and one in ten to low level identity fraud. A quarter
of Britons confessed to exaggerating their educational qualifications to
gain employment. Worryingly, with the prevalent terrorist threat, 10 per
cent had misused ID access control systems by impersonating someone else or
had assisted someone else to do so, and 32 per cent admitted conning their
way past security personnel. 21 per cent owned up to having used fake
identity cards. These are the key findings of the TSSI Dishonest Britain
Study 2005, undertaken in November by TSSI Systems, Britain's document and
identity security specialist. |
Request the report from
TSSI |
25 Nov |
|
OAP theft social worker is
jailed
A social worker who fleeced an
elderly woman of her savings, sold her house and stole the proceeds, has
been jailed for three years and three months. The Mold Crown Court judge
said Glenys Margaret Hardwick, 57, was guilty of a "gross breach of trust"
when looking after Dorothy Thomas, 82. |
BBC |
25 Nov |
|
Halifax urged to stop claiming
millions back
LAWYERS representing people who
lost their savings to rogue bank manager Graham Price have urged the Halifax
to end its attempts to claw back money from the devastated victims. They say
that unless the Halifax - which Price worked for as an agent while stealing
millions of pounds - changes its position, they will mount their own legal
challenge against the bank. |
IC Wales |
25 Nov |
|
MPs act on new endowment
injustice THOUSANDS of Scots
who claim they were mis-sold endowment mortgages by solicitors are now being
backed by MPs in their struggle for fair compensation deals. |
The Herald |
25 Nov |
|
Legal aid crisis 'in some
areas' Parts of the country
are "legal aid deserts" where it is hard or impossible to find a
publicly-funded solicitor, the legal aid minister has said. Bridget Prentice
told the BBC that too much of the legal aid budget was being swallowed up by
criminal legal aid. She was keen to redress the balance so that people
involved in civil actions could get a solicitor. |
BBC |
25 Nov |
|
Millionaire cleared of tax
fraud
Ian Suttie, one of Scotland's
richest men, has been cleared of tax fraud after a three-day trial. |
BBC |
24 Nov |
|
Govt appoints head to key
justice review body
The
Department for Constitutional Affairs (DCA) has installed Lord Justice
Moore-Bick as the new chairman of its Legal Services Consultative Panel (LSCP). |
Legal Week |
24 Nov |
|
Law Soc slammed for failure to
hit complaints targets The Law
Society is still failing to meet the majority of complaints-handling targets
set by Legal Services Complaints Commissioner (LSCC) Zahida Manzoor... "Law
Society chief executive Janet Paraskeva said: "There is a fundamental
misunderstanding about the nature and unintended consequences of meeting our
complaints-handling targets. In order to hit some of the targets set by Ms
Manzoor, we would have to ignore some complaints which have been in the
system for over twelve months, which would be a disservice to the
consumer."" |
The Lawyer |
23 Nov |
|
Law Soc regulatory arm seeks
chief The Law Society has
started its search for a chief executive to manage its regulatory function
when this becomes operational in the New Year. The chief executive will
report to Peter Williamson, a former Law Society president who is to head up
the new Regulation Board, and will lead the team setting up the regulatory
structure..."Williamson said: “The new boards will need to quickly establish
a good track record so that we will be able to demonstrate to the Legal
Services Board how well our separate governance arrangements are working.”" |
The Lawyer |
23 Nov |
|
Financier guilty of £76m fraud
FINANCIER Ian Andrew Leaf was today found guilty at Southwark Crown Court of
a £76m fraud, following an eight-year investigation by the Revenue &
Customs. |
This is Money |
22 Nov |
|
White collar fraud costs firms
billions Theft in the
workplace has evolved beyond light-fingered staff pinching the odd pen or
box of A4 paper into something far more catastrophic for companies..."The
floodgates are wide open to fraudsters because too many firms have poor
financial controls and inadequate audit procedures, the report said." |
BBC |
22 Nov |
|
Where is Falconer's evidence
that juries have stymied fraud trails?
Propelled by prejudice and phoney research, the government is removing a
right granted by the Magna Carta |
Guardian |
22 Nov |
|
Employees' fraud costs
companies £2bn a year
FRAUD by workers against their
employers is costing UK firms more than £2 billion a year, a new report
published today has revealed. Convicted fraudsters claimed that lax
financial controls make it easy to rip off companies, snatching up to £25
million in cash. |
Edinburgh Evening News |
21 Nov |
|
Non-jury trial plans under
fire
Conservative and Liberal Democrat
MPs are to try to block controversial plans to allow judges to sit without a
jury in serious and complex fraud trials. |
BBC |
21 Nov |
|
CROOKED FINANCE COP CHEATED
BANKS
A SHAMED detective has been
warned he faces jail after he admitted fraud totalling more than £100,000.
Disgraced Raymond James Forbes, 42, who was a detective constable in the
force's financial crime unit, pleaded guilty to five charges of deception. |
Isle of Man Today |
21 Nov |
|
Men cleared of cheating
pensioner out of house Two men
were cleared yesterday of defrauding a partially sighted pensioner out of a
house she owned by asking her to sign for a package on her doorstep. |
Telegraph |
21 Nov |
|
Call for legal refund to
miners A Labour MP is calling
on legal firms who have charged miners for compensation work to refund the
money. Bassetlaw MP John Mann said he has had almost 1,500 complaints from
miners in his constituency alone about legal firms charging "twice" for
their work. Update: Miners' Claims News
2004-2007 |
BBC |
21 Nov |
|
Corporate fraud loses UK
business £72bn each year Fraud
is costing British business £72 billion a year, according to a report out
this week. Despite the warning of recent corporate scandals involving Enron,
WorldCom, Parmalat and Refco, UK companies are still estimated to be losing
6 per cent of their annual revenue to fraud and corruption, says a study by
the Association of Certified Fraud Examiners and international lawyers
Mishcon de Reya. |
Guardian/Observer |
20 Nov |
|
New crack fraud squad mooted
THE Government is mulling over a new national fraud squad to improve its
chequered record in cracking down on financial crime. Attorney General Lord
Goldsmith said that 'we should consider a national fraud squad' as part of a
'more effective response to fraud'. |
This is Money |
19 Nov |
|
Police raid union HQ in claims
fraud probe FRAUD squad
detectives this week raided the headquarters of the Union of Democratic
Mineworkers (UDM) as part of the police investigation into the miners'
compensation scheme. The union's HQ in Mansfield and six other premises in
the area were searched by the Serious Fraud Office (SFO) in the raids which
took place early on Tuesday morning. |
Worksop Today |
19 Nov |
|
Solicitors spurn new QC
selection system
The new Queen’s Counsel system
has failed to boost the number of solicitors applying, it has emerged. Of
the 443 applications received, just 12 were from solicitors, compared to ten
of the 394 who applied in the final competition run by the government in
2002/03, before the award’s suspension. (Solicitors might feel intimidated
by the Code of Conduct of the Bar of England & Wales. UJ) |
Law Society Gazette |
18 Nov |
|
Call for complaints push
Manzoor: commissioner praises
improvement, but more effort needed to avoid penalty.
There has been an improvement in the Law Society’s complaints-handling
performance but more effort is needed to hit its 2005/06 targets and avoid
the threat of a fine, the Legal Services Complaints Commissioner (LSCC) said
this week. |
Law Society Gazette |
18 Nov |
|
Bar Council announces new
regulatory chief The Bar
Council has unveiled Ruth Evans, the former chief executive of the National
Consumer Council, as the inaugural chair of its new regulatory body Bar
Standards Board (BSB). Evans was selected by an independent panel to head up
the board, which will police barristers in line with Sir David Clementi’s
package of legal reforms. (Update: Bar appoints new complaints commissioner,
May 2006.) |
Legal Week |
17 Nov |
|
'Mafia' gangs 'inside UK
banks' Britain's top financial
regulator warned of increasing evidence of sophisticated criminal gangs
"placing" their own agents inside banks to carry out large-scale frauds. |
IC Surrey Online |
16 Nov |
|
Taxman to snoop in your home
Council tax inspectors will be
able to enter people's homes and take photographs even of their bedrooms, it
emerged yesterday. Whitehall documents reveal that they will be allowed to
"obtain factual information from internal inspections" as part of the
enormous exercise to revalue 22 million properties in England..."Not only
will homes face soaring council tax bills but everyone will pay the price
for this Orwellian bureaucracy." (Any
relation here? UJ) |
Telegraph |
15 Nov |
|
Iraqi lawyers withdraw from
Saddam's defence team Some
1,100 Iraqi lawyers have withdrawn from Saddam Hussein's defence team,
citing insufficient protection following the slaying of two of their peers
who had defended co-defendants of the ousted Iraqi leader. |
Hindustani Times |
13 Nov |
|
Injustice fears over jury
measures Imminent plans to
curb trial by jury could lead to an increase in miscarriages of justice, a
pressure group has warned. The civil rights and law reform organisation
Justice said the Government's measures - which have already been passed in
legislation, but not yet brought in - could result in wrongful convictions
and a rise in the number of appeals. |
IC North London |
13 Nov |
|
Corporate identity fraud
worsens Corporate identity
theft is costing UK industry as much as £50m a year as fraudsters adopt more
audacious tactics to rip off companies, a report says. Fraudsters pose as
company directors by registering at Companies House so they can appear
legitimate to suppliers. |
BBC |
12 Nov |
|
FSA fraud case recovers money
LONDON (Reuters) - Two former directors at software firm AIT received fines
totalling 981,000 pounds for deceiving investors at a court case on Friday,
but the case cost the financial watchdog 1.96 million pounds. |
Reuters |
12 Nov |
|
The Law Society in England &
Wales is attempting to rewrite history, revealing exactly how corrupt is has
become. See Special items, above. |
|
11 Nov |
|
The Great Phone Call Con
When Sallyann Taylor got a phone call from BT in August last year, a
nightmare began.
The voice on the other end told her there had been "unusually high activity"
on her telephone line - resulting in a bill of more than £500. "A
group called
premiumratescam.co.uk has been set up by Manchester solicitor Stuart
Shalom to press BT to cancel the charges and pay out refunds." |
BBC |
11 Nov |
|
Mixed fortunes for lawyers in
libel battles A solicitor was
awarded £19,000 in damages for defamation and harassment last week from the
husband of a former client who falsely branded him a ‘greedy, incompetent
tosspot’. Meanwhile, a London practitioner who won £96,000 for libel and
malicious falsehood this week saw his award overturned by the Court of
Appeal. |
Law Society Gazette |
11 Nov |
|
Fraudster ran £2m phone line
scam A fraudster who
masterminded a £2m premium phone line scam, distributing thousands of
scratchcards and letters telling people they had won a luxury prize, was
yesterday ordered to do 200 hours of community service. (This is England -
still a fraudsters' paradise. UJ) |
Guardian |
11 Nov |
|
BBC film exposes phone scam
misery The shady world of
rogue diallers and premium rate phone scams comes under the spotlight today
following an investigation by the BBC's Money Programme. |
The Register |
11 Nov |
|
How Scargill's NUM pocketed
millions from his sick miners
A firm of solicitors has made a fortune after ex-pitmen were misled over
their damages claims.
THOUSANDS of sick miners were misled into handing over millions of pounds to
Arthur Scargill’s union by a firm of solicitors that has earned a fortune
from their compensation claims, an investigation has revealed. Update:
Miners' Claims News 2004-2007 |
Times Online |
11 Nov |
|
'They told me I had to sign or
lose my money' MINERS whose
health was shattered by years spent working underground say they feel
betrayed by the union they trusted to get them the best deal for their
claims. |
Times Online |
11 Nov |
|
Watchdog is losing its bite
INVESTORS rely on the Financial Services Authority to come down hard on
companies and executives who misbehave. That is an unenviable task for the
officials at Canary Wharf, considering most big bosses are by definition
egotistical and headstrong, and have a battery of expensive legal talent at
their disposal. |
This is Money |
10 Nov |
|
Halifax says it will pursue
fraudster's victims FINANCIAL
giant Halifax yesterday warned victims of rogue bank manager Graham Price
that it will press ahead with attempts to reclaim money from them. |
IC Wales |
10 Nov |
|
Why should I foot the bill for
crime?
"When I pick up a local
newspaper, there are several sections I always look at first: wedding
photos, the obituaries and birth announcements and then I go straight to the
comedy section, or to give it its official name, the court section." Writes
Amanda Morton in a BBC opinion survey |
BBC |
09 Nov |
|
Strange case of man who stole
dead baby's identity to lead fantasy life
A BOGUS aristocrat who used a
dead baby's name for 23 years and has refused to reveal his true identity
even to his own ex-wife and children was jailed for 21 months yesterday. The
man, who called himself Lord Buckingham, assumed the identity of Christopher
Edward Buckingham, a nine-month-old boy who died in 1963. |
The
Scotsman |
09 Nov |
|
Worries remain for fraud
victims Victims of Graham
Price's theft have expressed their "satisfaction" at his 12 year jail
sentence but said their financial worries were not over.
Graham Price, 58, of Llansamlet was jailed for 12 years for stealing £10ms
from investors and the Halifax Bank for whom he was an agent. |
BBC |
09 Nov |
|
Metropolitan Police seeks a
Director of Legal Services |
As advertised in The Times |
08 Nov |
|
'Betrayal' over 500 defence
jobs
The loss of 500 south Wales
defence repair jobs has been widely criticised, with Labour MPs condemning
their own government's decision. |
BBC |
08 Nov |
|
'Uproar' looming over salary
divide in legal profession
FEMALE lawyers in Scotland are
earning substantially less than men for doing the same job, a landmark
report will reveal this week. |
The
Scotsman |
08 Nov |
|
Direct bar access under threat
as Law Soc challenges Bar Council
The Bar Council and the Law
Society were at loggerheads in the Court of Appeal last week in a case that
could determine the future of the bar's direct access scheme. |
The Lawyer |
08 Nov |
|
Doctor in drug scam pocketed
£150,000 DODGY doctor Ranchhod
Patel has been jailed for two years for fiddling the NHS out of £150,000.
Judge Neil McKittrick told Mr Patel: "Greed must have eaten away at you in
your 50s seeking to enhance whatever pension you would have been entitled to
under the NHS. |
Cambridge Evening News |
07 Nov |
|
Victims 'destroyed' by bank
thief People who lost large
sums after a former financial consultant stole £10m from 85 investors and
the Halifax Bank say their lives have been "destroyed". Graham Price, 58,
was being sentenced on Monday at Swansea Crown Court after admitting 43
charges of theft. |
BBC |
07 Nov |
|
Author of Fish Sunday Thinking
quits the law Paul Wragg, the
former Hammonds assistant who made waves this summer with his novel
depicting sex and scandal in a solicitors' firm, has quit the law to become
a full-time author. |
The Lawyer |
07 Nov |
|
Employers urged to give staff
time to sit as JPs Employers
will be encouraged to give staff more time off to serve as magistrates under
plans to be published today. Lord Falconer, the lord chancellor, aims to
introduce clearer statutory provisions explaining when companies should
allow "reasonable" time off for workers to sit as junior members of the
judiciary. |
Financial Times |
07 Nov |
|
Society focusing on equality
and diversity THE Law Society
of Scotland has launched a three-year equality and diversity strategy which
will govern its operations and dealings with members and the general public,
while also supporting similar policies in member firms. |
The
Herald |
07 Nov |
|
‘Middle-class, middle-aged’
magistrates set for makeover
THOUSANDS of younger and more
ethnically diverse magistrates will be recruited as part of a drive by the
Lord Chancellor to boost the standing of magistrates’ courts. |
Times Online |
07 Nov |
|
Thousands of minor court cases
to be settled by post
People who admit evading council
tax or watching television without a licence will be sentenced by post
rather than in the magistrates' courts under government proposals outlined
today. |
Independent |
07 Nov |
|
Judges ready to take legal
action over pensions tax
JUDGES are considering
unprecedented legal action against the Government in a row over changes to
their pension rights. A working group of senior judges has instructed
leading counsel to advise on the legal options, including suing the Lord
Chancellor, Lord Falconer of Thoroton, QC. |
Times Online |
07 Nov |
|
NRI to head UK's judicial
commission Britain's judges
will, henceforth, be appointed by a judicial commission chaired by a person
of Indian origin. |
Hindustan Times |
07 Nov |
|
Lawyers uncertain over plans
for fraud trials Prosecutors
are considering negotiating with defence lawyers in an effort to delay
charges in some serious fraud cases as they grapple with the uncertainty
created by the government's plan to ask parliament to approve non-jury
trials in certain circumstances. |
Financial Times |
07 Nov |
|
£27m of our money wasted as
legal aid cases ditched
A STAGGERING £27m of public money
was paid out in legal aid over 12 months to pursue civil cases that were
abandoned before reaching court, we can reveal. Details of the scale of
payments have emerged following the case of a Cardiff architect and property
developer who was declared bankrupt after the Legal Services Commission (LSC)
withdrew funding for a professional negligence case he was bringing against
a solicitor after £500,000 had been spent on legal aid. |
IC Wales |
07 Nov |
|
The fraud buster
A BALL-BREAKING fraud tsar has
begun an investigation into the biggest local government social housing
fraud of all time. Chief Reporter GREG TRUSCOTT looks into it...
LEADING councillors have told former Westminster City Council chief
executive Bill Roots they want to see "a pile of bodies" in the wake of a
multimillion-pound fraud sting. Dozens of council officers are likely to be
suspended while the investigation takes place. |
IC South London |
05 Nov |
|
Immigrant jailed for £1m
benefit fraud
A Nigerian immigrant who used at
least 19 false identities has been jailed for three years for defrauding the
benefits system out of £1 million. Ominaya Alabi, 31, had been deported
twice for similar offences but returned to the UK to continue his scam. |
Telegraph |
05 Nov |
|
‘Menace’ jailed for 4 years in
fraud case
AN UNDISCHARGED bankrupt who
preyed on struggling businesses as a “white knight” had also ruined dozens
of pensioners by stealing £2.9 million from a pension fund.
Kevin Sykes, 45, was sentenced this week to four
years in prison for fraudulent trading after one of the biggest
investigations by the Department of Trade and Industry. He was also
disqualified from acting as a director for 15 years. |
Times Online |
05 Nov |
|
Solicitor remand on theft
charges A former Anglesey
solicitor has appeared before magistrates in Wrexham on eight charges of
stealing clients' money. |
BBC |
04 Nov |
|
OFT and Nigerian financial
crime squad join forces to combat spam fraud
The OFT and its law enforcement partners in Nigeria are warning consumers to
be wary of unsolicited e-mails asking for help in moving large sums of money
in exchange for a share of the spoils. The emails often appear to come from
a respected official,such as a bank manager or a government agency. They
explain that they have discovered secret funds that must be moved out of
their country and ask for your help to move them to the UK. They will offer
to deposit large sums in your bank account temporarily and in exchange you
will get a share. |
Office of Fair Trading |
04 Nov |
|
Curbs on 'compensation
culture' anger lawyers Britain
is in the grip of a "compensation culture" that must be curbed, the
government's most senior legal figure insisted yesterday, sparking a furious
response from lawyers. Unveiling measures aimed at reining in
"ambulance-chasing" claims groups, Lord Falconer, the lord chancellor, said:
"There is a culture of fear of being sued and it is stopping good
activities. |
Financial Times |
04 Nov |
|
BCCI creditors seek inquiry
into liquidator's costly court action
The former employees of the
collapsed bank BCCI are calling for a government investigation into the
conduct of the liquidator Deloitte, after it dropped its £850m damages case
against the Bank of England on Wednesday. |
Independent |
04 Nov |
|
Equitable ready to throw in
the towel THE battered board
of mutual insurer Equitable Life is ready to throw in the towel in its
disastrous legal dispute with a number of its former directors. Chairman
Vanni Treves has drawn up a blueprint for settling the cases - even though
this will mean writing a cheque for around £10m to cover legal bills run up
by the former bosses, as well as £30m for Equitable's costs. |
This is Money |
04 Nov |
|
Lawyer jailed for stealing 6
mln stg from clients LONDON
(Reuters) - A solicitor was jailed for eight years on Thursday for stealing
over 6 million pounds from his clients. Michael Fielding, 59, used his
position as a partner at law firm Lawrence Graham to fraudulently sign off
requests for scores of payments over a 3-year period. "At present, 140
unauthorised withdrawals totalling 6.5 million pounds have been identified,"
police said after Fielding was sentenced at Southwark Crown Court. |
Reuters |
03 Nov |
|
Firm's pensions thief jailed
The mastermind behind a plot to systematically fleece more than £2.9 million
from the pension fund of a Birmingham lock-makers has been sent to jail for
eight years. Kevin Sykes was the main figure behind the scam, which left
scores of pensioners who worked at Hockley-based CW Cheney & Son Ltd facing
financial ruin. |
IC Birmingham |
03 Nov |
|
Female law trainees 'victims
of sexual blackmail' Female
trainee solicitors are being blackmailed into accepting sexual advances from
senior male lawyers in return for being offered jobs, a report into
employment practices in law firms has found. |
Independent |
03 Nov |
|
Scots spurn civil justice
system due to 'crippling' level of costs
THOUSANDS of Scots are being put off pursuing damages and other civil claims
because the system is too expensive, too slow and too complex, according to
a new report. The Scottish Consumer Council (SCC) says a review of the civil
justice system is urgently needed - with "crippling" legal expenses top of
the agenda. |
The Scotsman |
03 Nov |
|
Landmark BCCI battle ends as
liquidators abandon court fight
The most expensive battle in UK legal history has come to an end, with
Lovells client, BCCI’s creditors, this morning (2 November) withdrawing its
action against the Bank of England. |
Legal Week |
02 Nov |
|
Falconer urges solicitors to
apply for the bench Secretary
of State for Constitutional Affairs and Lord Chancellor, Lord Falconer has
urged solicitors to become judges in an effort to boost judicial diversity.
The government is working with the Law Society and leading law firms on a
series of initiatives aimed at promoting solicitors to the judiciary. |
The Lawyer |
02 Nov |
|
Auditors welcome liability
reforms
Auditors were preparing on
Tuesday to welcome safeguards protecting them against negligence claims, but
investors were reserving judgment on whether other changes to company law
would improve the quality of auditing. |
Financial Times |
02 Nov |
|
NHS fraud crackdown launched
A public drive has been launched to highlight fraud in the NHS in Scotland -
estimated to cost as much as £80 million a year. Deputy health minister
Lewis Macdonald described it as "a hidden disease" when he launched the
NHS's first ever "fraud awareness month". The £80 million figure is based on
what NHS chiefs describe as a "conservative" estimate that fraud could cost
1% of the service's annual £8 billion budget. It comes in the form of
fraudulent claims by health professionals such as dentists, opticians and
pharmacists, and by patients who wrongly claim to be exempt from charges. |
The Scotsman |
02 Nov |
|
Man jailed for eBay phishing
fraud LONDON (Reuters) - A man
was jailed for four years on Tuesday for masterminding an eBay internet
auction swindle which stole computer account details from users and assumed
their identities. David Levi led six others in a gang which scooped almost
200,000 pounds through a "phishing" fraud -- the practice of stealing goods
after tricking computer users into revealing their bank details. |
Reuters |
02 Nov |
|
Bar Council challenges Revenue
on costs scheme
The Bar Council and Revenue &
Customs yesterday opposed each other in a test case that could determine the
freedom that professional firms, like accountants, have to instruct
barristers directly and cut out solicitors' costs. |
Financial Times |
01 Nov |
|
Workers offered free advice to
keep lawyers away
WORKERS sharing a £40 million
equal pay package have been offered free, independent legal advice to keep
them away from "ambulance-chasing" lawyers. Solicitors offering "no win, no
fee" deals are courting 11,000 council employees, most of them women,
promising better deals if they reject their individual deals and go to law. |
The Scotsman |
01 Nov |
|
UK Government reforms herald
world’s most liberal legal system
"The reverberations from the UK Government’s plans for radical reform of its
legal services market, the second-largest in the world, will be felt by
lawyers far beyond the white cliffs of Dover." |
Legal Week Global |
31 Oct |
|
Met and City plan to merge
fraud squads The Metropolitan
and City of London police forces are backing a plan to merge their economic
crime units into one super fraud squad. |
Independent |
31 Oct |
|
Fugitive City lawyer faces
jail A top City lawyer, who
used to advise the Princess Diana Memorial Trust, is to be sentenced this
week after admitting stealing at least £6.5m from his clients. Michael
Fielding, a former partner at solicitors Lawrence Graham, was a fugitive
from justice for more than four years... |
Independent |
31 Oct |
|
General counsel give law firms
the boot
Some 40% of general counsel have
sacked a law firm in the past year, research revealed this week.
A survey of 150 heads of legal at multinational companies, by PLC Law
Department, showed that almost a third of respondents intended to dismiss
more firms in the coming 12 months. Inaccurate technical advice, poor
communication and conflicts of interest were cited as the reasons most
likely to lead a general counsel to dismiss a firm. Other factors were poor
commercial understanding, billing more than had been quoted, and doing
unnecessary work. |
Law Society Gazette |
28 Oct |