What crimes are classed as serious fraud

The Best Outcome Starts Here


What crimes are classed as serious fraud

Serious fraud is a broad definition for a number of different crimes. These types of crimes are simply standard offences of fraud but relating to much higher values and are often prosecuted alongside other related offences such as bribery and corruption. If you’re being investigated by the SFO you should seek out some professional serious fraud solicitors like Burton Copeland as soon as possible. 

There are lots of articles published in the media relating to serious fraud offences committed by groups described as criminal gangs or organised crime groups. But, this is not always the case, we often act on behalf of law-abiding clients who find themselves being investigated concerning allegations of serious fraud.

Other examples of fraud committed include mortgage fraud, pension fraud, insurance fraud, benefit fraud, council tax fraud, financial fraud, identity fraud, immigration fraud. 

Serious fraud can cover many different circumstances  and if convicted can lead to a long custodial sentence. 

It’s also standard practice for the Proceeds of Crime act to be initiated when a person is prosecuted for serious fraud. This is where the court has the power to make confiscation orders to recover assets associated with the proceeds of crime. 

At Burton Copeland we can advise on serious fraud charges well before any  charge is brought against an individual. It is crucial that when you are notified that you are under investigation for fraud you should seek legal advice immediately  if this is the case then please contact us today for to discuss with one of our fraud experts.  

Who investigates serious fraud?

Serious fraud is often investigated by the Serious Fraud Office (SFO). The SFO is a specialist prosecuting authority that tackles top level serious or complex fraud, bribery and corruption cases. If you’re being investigated by the SFO you should seek out some professional serious fraud solicitors like Burton Copeland as soon as possible.

They are part of the UK criminal justice system that covers England, Wales and Northern Ireland but they do not cover Scotland, the Isle of Man or the Channel Islands. They take on a small number of very serious cases and the criteria for their investigation takes into account the intended or actual harm that may be caused to the public, the reputation and integrity of the UK as an international finance centre, or the economy and prosperity of the UK.

The SFO also makes a judgement on whether they should investigate a serious fraud case based on the complexity of the case and whether it’d require their specific skills; and the potential financial gain that could be brought about from the case. 

Being investigated by the Serious Fraud Office is a serious matter. Sound legal advice at the start of an investigation can often make the difference as to whether you face prosecution or not so it is crucial that you seek representation from experienced lawyers.

What crimes are classed as serious fraud?

As indicated above, crimes which fall into this category are usually high-value financial crimes. The Serious Fraud Office defines the offences that they investigate as being frauds which are “top level” financial crimes or frauds which are very complex in nature.

What is white collar crime and is that serious fraud?

The term “white collar crime” is generally used to describe serious financial and business crimes. The types of offences include fraud, but can also refer to offences such as fraudulent or insider trading, money laundering, tax evasion, VAT fraud and can be committed by individuals or corporate entities. 

What to do if you’re accused of serious fraud?

Being accused of serious fraud can seriously damage your reputation and the reputation of any business you run. If you’re charged with serious fraud your case will be heard at the Crown Court and the maximum sentence you can receive is 10 years imprisonment. 

If you’re accused of serious fraud it’s important that you seek legal advice from professional defence solicitors, like Burton Copeland, to give you the best chance of fighting the allegations.   

Can Burton Copeland help?

We have over 35 years of experience, our serious fraud solicitors are well placed to handle your corporate crime or fraud case. We understand what is necessary to build a proactive case and provide first-class representation to fight your prosecution and help you get the best possible outcome.

If you or your company is facing an investigation for criminal or fraudulent activity, you need to make sure that you have the right team fighting on your side. Get in touch with Burton Copeland today by calling 0161 827 9500 to speak to one of our dedicated and experienced solicitors. If you’re calling out of office hours, use 0161 832 7834 to speak to us, or complete our online form and we will get back to you as soon as possible.

For us, it's personal.

Call us now on 0161 827 9500
Arrange A Callback