Specialists in Serious Fraud and Complex Criminal Defence
MPR Solicitors has a wealth of in-depth experience in defending fraud cases. We are a niche practice, dealing almost exclusively in fraud, white-collar crime and criminal defence.
To contact us regarding a charge of fraud or false accounting, please call our office on 020 3824 8080 to make an appointment at our London office.
As a team, we are dedicated to providing partner-led, quality, professional service. If you have been accused of fraud, your professional reputation; career and freedom may be at stake. You can trust us to provide expert advice and robust representation while supporting you and your family throughout investigation and any trial.
Our practise focuses on our core areas of law; therefore clients who instruct us can be confident of our in-depth knowledge and experience in our areas of expertise. We are proficient, not only in domestic fraud law but in acting for clients who have been accused of cross-jurisdictional offences.
Fraud is a serious crime carrying a penalty of up to 10 years’ imprisonment. False accounting has a penalty up to seven years.
If you have been accused of fraud, it is crucial that you take the charge seriously and instruct quality, experienced fraud solicitors to advise and represent you. Our early involvement at the investigation stage will ensure that you receive the right advice at the police station during any interviews. We will work with you to avoid you being charged but where that is not possible we will work with you to prepare your case at trial. Our fraud lawyers will work with you to mount a positive and pro-active defence to any charges.
What is fraud?
Fraud can be defined as acting dishonestly or employing trickery to gain an advantage. In most cases of fraud, this advantage constitutes a financial gain.
The Fraud Act 2006 governs the offence of fraud in the United Kingdom.
Dishonesty is required for fraud to have occurred, but crucially, it is not necessary for the accused to have gained an advantage because of their actions.
What are the different types of fraud?
There are several types of corporate fraud, including:
- Conspiracy to defraud - often more serious Fraud Cases are charged under this category. Clients will often panic at the mere word of “conspiracy.” However, conspiracy is not necessarily something to worry about and is sometimes easier to defend as there are several pitfalls for this type of prosecution. Our expert fraud lawyers will be able to reassure you.
- False accounting – defined under the Theft Act 1968, section 17, false accounting is the intentional fabricating or altering or submitting false, inaccurate, or deceptive accounting records. Following the 2008 financial crash, the Crown Prosecution Service (CPS) and Financial Conduct Authority (FCA) do not hesitate to prosecute for this offence, making it one of their top priorities.
- Boiler Room fraud - Boiler rooms are fraudulent stockbroking companies (commonly based in Spain) that cold-call potential investors with the intention of pressuring them into buying worthless shares or shares at a vastly inflated price. The FCA and Serious Fraud Office (SFO) are keen to prosecute those conducting Boiler Room fraud, which is often complex and of high value.
- Mortgage fraud – mortgage fraud is often committed by making false representations. For example, an individual or a company will provide a lending institution with false facts to obtain a larger loan than they would otherwise be entitled to. Mortgage fraud is most prevalent in the buy-to-let market.
- MTIC/VAT fraud – charges for VAT fraud can be brought under the Fraud Act 2006 and Section 72 of Value Added Tax Act 1974. VAT fraud is often cross-jurisdictional, and an investigation by HMRC or the SFO can cause serious disruption and reputational damage to a business.
Because we concentrate on fraud and white-collar crime cases, we have a deep understanding of these and other types of corporate fraud. Many of our clients are SMEs and individuals; however, we also act for multi-nationals and high-net-worth families who have set up entities and trusts to manage their wealth.
Dealing with investigating agencies
Most clients who find themselves accused of fraud, find investigation agencies intimidating and often suffer stress and anxiety during the investigative process.
By instructing our corporate fraud team, you can have confidence that we have worked alongside HMRC, the SFO, the Insolvency Service criminal enforcement team and the FCA for close to twenty years. We know what they are looking for and the methods they employ when conducting an investigation. Your solicitor will provide you with practical advice on how to answer any questions and provide strong representation when required to protect your best interests.
If you have been accused of fraud, trust our specialist fraud solicitors to provide exceptional legal advice and a solid defence.
To contact our fraud solicitors in complete confidence, please call 020 3824 8080 or fill in our contact form to get in touch.
Experts in Serious and Complex Fraud and all aspects of Business Regulation