Fraud Accounted for Record £3.5 Billion Loss in 2011 - CSO

[FraudNews]

table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHa8D3r00bVf1q3A3Zt75 RQN8m1Qgamp;url=http://www.pcr-online.biz/news/read/austerity-leads-to-fraud-boom-time/027867img src=//nt0.ggpht.com/news/tbn/KIC5MsvtHwRF2M/0.jpg alt= border=1 width=80 height=80 /br /font size=-2PCR-online.biz/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNE3zZF0YBdo3mL73T3Vaq kxCI3FeQamp;url=http://www.csoonline.com/article/699108/fraud-accounted-for-record-163-3.5-billion-loss-in-2011bbFraud/b Accounted for Record £3.5 Billion Loss in 2011/b/abr /font size=-1bfont color=#6f6f6fCSO/font/b/fontbr /font size=-1By CFOWorld.co.uk staff January 30, 2012 — CSO — More than APS3.5 billion worth of bfraud/b was recorded in 2011, a record year, as a result of the continuing poor economic conditions, a study has revealed. KPMG#39;s bFraud/b Barometer showed that APS2.5 b.../b/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGzlGwGvDvlyKkLs2iuIv bXO6GiXgamp;url=http://www.supplymanagement.com/news/2012/procurement-fraud-costs-uk-more-than-5-million/Procurement bfraud/b costs UK more than £5 million/afont size=-1 color=#6f6f6fnobrSupply Management/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNE2ynQI6dC0fl8_TJFU-Im5Qoofhwamp;url=http://www.purcon.com/news/news-archive.php?title%3DProcurement%2Bfraud%2Bhits%2B% 25C2%25A35m%252C%2Bsays%2BKPMG%26801279704Procurem ent bfraud/b hits £5m, says KPMG/afont size=-1 color=#6f6f6fnobrPurcon/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNH9NaknmNPzVHJglnWnGU QPgqgROwamp;url=http://www.financial-news.co.uk/3947/2012/01/fraud-hits-a-record-high-of-3-5bn/bFraud/b hits a record high of £3.5bn/afont size=-1 color=#6f6f6fnobrFinancialNews.co.uk/nobr/font/fontbr /font size=-1 class=pa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEW2LZvVa1hAaeHw67Psj hoBrrjmQamp;url=http://www.cfoworld.co.uk/news/risk/3333764/fraud-accounts-for-record-35-billion-loss-in-2011/nobrCFO World UK/nobr/anbsp;-a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHa8D3r00bVf1q3A3Zt75 RQN8m1Qgamp;url=http://www.pcr-online.biz/news/read/austerity-leads-to-fraud-boom-time/027867nobrPCR-online.biz/nobr/a/fontbr /font class=p size=-1a class=p href=http://news.google.co.za/news/more?pz=1amp;ned=en_zaamp;ncl=dL7bH23PlLe225MQ2PCh mRCj79qmMnobrball 38 news articlesnbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

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