Bankruptcy Fraud in UK. We are a unique firm, staffed by former government prosecutors and investigators, and are experts in conducting fraud prosecutions. We often advise on dishonesty in relation to bankruptcy proceedings. As you may know, bankruptcy fraud happens when someone knowingly lies or fails to disclose information about their financial position in the context of a bankruptcy application. We have significant experience in ensuring that victims of this kind of fraud are financially compensated and that defendants are denied the proceeds of their crime.
Bankruptcy fraud is part of a wider crisis in the UK. In January 2021, the Royal United Services Institute (“RUSI”), a defence and security think tank, published a paper explaining that fraud in the UK has reached epidemic levels. According to this paper, fraud is the “volume crime of our time”. There is certainly increased media attention around the issue – for example, shortly after the RUSI paper was published, the BBC reported that the UK’s fraud epidemic is now a “national security threat”. Notwithstanding greater awareness, the government’s fraud response continues to fail individuals and businesses. Budget cuts to the police and Crown Prosecution Service have limited the prioritisation of fraud, even as reports continue to rise. This state of affairs is at the heart of Edmond Marshall McMahon’s mission – as private prosecutors, we specialise in providing fraud victims with access to justice.
By way of background, although the majority of criminal prosecutions in England and Wales are conducted by public agencies, the right to pursue a private prosecution is expressly set out in statute. It is this power which Edmonds Marshall McMahon relies on to bring criminal proceedings on behalf of clients. We regularly implement private prosecution strategies to ensure that those who engage in bankruptcy fraud are held accountable, as well as achieving compensation for victims.
Whatever the fraud, please talk to us (free of charge) so we can advise on what is possible. As specialist prosecutors, we have the knowledge and the resources that could make the difference between your recovering some, or indeed all, of your money.