Banking and insurance fraud can carry heavy penalties. If you are being investigated for banking or insurance fraud, get in touch with our bank and insurance fraud lawyers to protect yourself. Our bank fraud lawyers are highly experienced in achieving the best outcome for clients.
Banking fraud is often referred to as a white-collar crime. Types of offending behaviour include payment card and bank account fraud. Bank card fraud, involving the use of payment cards and bank accounts, includes use of another person’s card, cloning another person’s card, taking over or sending instructions relating to another person’s bank or card account, and use of another person’s cheque.
Over recent years, scams have become more intelligent and much harder to spot due to the rise of online banking. As a result, online banking scams are rife.
Your bank should attempt to refund you for any stolen money as soon as possible, but if they suspect that you are committing fraud or have been negligent (i.e. telling someone your PIN), you would have to take the fraudster to court to claim your money back. Whether you have been targeted by bank fraud or if you are being investigated for it, it is always best to hire a bank fraud lawyer to protect yourself.
Insurance fraud can take many different forms, but in its most basic form, insurance fraud involves fraudulent claims by or against an insured person in order to elicit money from them.
Some examples include:
An insurance fraud lawyer can help you defend your best interests if the claim goes to court.
Obtaining credit through fraud includes the illegitimate acquisition of:
Sometimes this is done using false information, but if it is done using another person’s name and personal information, this is identity theft and can carry heavy penalties.
In direct relation to banking and insurance fraud, the principle offences likely to be used to prosecute are fraud under the Fraud Act (2006), section 1, and false accounting contrary to the Theft Act (1968), section 17. According to the Fraud Act, the maximum penalty for certain fraud offences is ten years imprisonment.
Contact us for legal advice and strategy guidance on all aspects of financial crime, including banking and insurance fraud. Our barristers are highly experienced, offering guidance and advice for all banking and insurance fraud law areas.
Joint Head of Chambers
Call: 1998 Silk: 2015
Call: 1976 Silk: 1998
Call: 1980 Silk: 2003
Call: 1986 Silk: 2003
Call: 1986 Silk: 2010
Call: 1994 Silk: 2016
Call: 1992 Silk: 2020
Call: 1998 Silk: 2020
Call: 1998 Silk: 2023
Joint Head of Chambers
Chambers is centrally located within walking distance of the train station, secure car parks and the Courts.
St Pauls Chambers
Park Row House
19-20 Park Row
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