UK Serious fraud cases totalling £1.3bn ($2.1bn) reached the courts last year – the highest for 22 years – including mortgage fraud, which doubled, according to figures released on Monday.
The latest KPMG Fraud Barometer, which has been compiled each year since 1987, showed that last year 31 cases of mortgage fraud totalling £77m reached court compared with 25 cases worth £36m in 2008 as falls in the housing market have exposed scams such as buy-to-let properties being acquired by criminal gangs.
