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Why can't Action Fraud identify those involved in scams?

Why can't Action Fraud identify those involved in scams?
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Berkshire , United-kingdom-general- , United-kingdom , Catriona-oliphant , Rachel-rickard-straus , Martin-lewis , Richard-emery , Google , University-of-portsmouth , Centre-for-counter-fraud , Keys-international , Companies-house

Economic crime is going uninvestgated as Police hide behind the veil of Action Fraud

E-Mail
Fraud is going uninvestigated by police who are "hiding behind the veil" of the Action Fraud national crime reporting agency.
In his paper published this week in
Policing, Professor Mark Button, director of the Centre for Counter Fraud Studies at the University of Portsmouth argues that, Action Fraud, which has been widely derided, has become a useful veil from which the police can hide their inadequate response.
Figures from Action Fraud, the arm of the police responsible for recording scams and fraud, show that between 2019 and 2020, over 800,000 people reported being a victim of fraud, with £2.3bn finding its way into criminal hands. However, Professor Button calculated just 0.6 per cent of police officers are dedicated to investigating fraud.

University-of-portsmouth , Centre-for-counter-fraud , National-economic-crime-agency , City-of-london-police , Action-fraud , Professor-mark-button , Counter-fraud-studies , Professor-button , National-economic-crime , Policy-ethics , Cience-health-and-the-law

A Ponzi scheme for the modern era

A Ponzi scheme for the modern era
4 Hrs Ago
In this August 2020 file photo, a sign attached to a pole on the Brian Lara Promenade, Port of Spain, promises easy money while you relax at home. - SUREASH CHOLAI
MATT WARNER, journalist
November 2020 was the 100-year anniversary of the imprisonment of Charles Ponzi – infamous creator of the fraudulent scheme to which he gave his name. Exactly a century later, Gutemberg Dos Santos, founder of AirBit Club, a cryptocurrency mining and trading company, was charged in the US with various offences relating to an alleged 'international investment scam', which, as described by the prosecutor, has all the hallmarks of a Ponzi scheme.

Germany , New-york , United-states , Munich , Bayern , United-kingdom , Boston , Massachusetts , Hollywood , California , Spain , South-wales

The ever-popular Ponzi

NOVEMBER 2020 was the 100-year anniversary of the imprisonment of Charles Ponzi – i...

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Vanishing act: Only the missing CEO of bitcoin trader MTI can give answers, says employee

boonchai wedmakawand/Getty Images
The CEO of South African bitcoin trading planform MTI, which was provisionally liquidated in late December after it stopped paying out funds to thousands of members, has not been heard from in four weeks.
The group's head of communications and marketing says only Johann Steynberg can answer the question of anxious MTI investors.
While MTI has in the past denied it was a ponzi scheme, a professor of counter fraud studies says get-rich-quick schemes are likely to have proliferated due to Covid-19.
"The only person that can pay members their bitcoin back is the man that owned MTI and controlled the bitcoin, bot, broker and server, Johann Steynberg."

South-africa , United-kingdom , Polokwane , Limpopo , Brazil , South-african , Johann-steynberg , Property-commission , University-of-portsmouth , Financial-sector-conduct-authority , Trading-international , Centre-for-counter-fraud