Corporate crime can lead to a variety of outcomes for the organisation it is committed against, including for example:
- Uninsured losses.
- Increased insurance premiums.
- Regulatory enforcement.
- Additional auditing and scrutiny.
- Knock-on effects (redundancy, insolvency).
If you have fallen victim to business crime, whether it’s an isolated case or you suspect it to be part of a wider fraud, it is in your interests – and often your obligations – to report it and take action to recover any losses and ensure justice is done.
We are here with solicitor offices in Yorkshire’s major cities to provide you with all of the advice you need to report business crime or to defend yourself against a claim of fraud or criminal malpractice.
Who can report white-collar crime?
Our corporate crime solicitors in Sheffield, York and Leeds are here for any and all enquiries relating to white-collar crime and business fraud.
Crimes can be discovered by anyone and all enquiries are completely confidential, no matter what level they come from.
Some examples of the types of organisations and individuals who might discover business crime include:
- Law enforcement and anti-fraud agencies.
- Regulators and auditors.
- Accountants and administrators.
- Senior management and company directors.
- Middle management at all levels.
- Individual employees and whistleblowers.
Many of the people who come to our corporate lawyers in York, Leeds and Sheffield are existing clients of our personal and business legal services, making us their first port of call when they discover a suspected fraud.
Who needs representation in business crime cases?
Like any case where a crime has been (or may have been) committed, all parties are entitled to representation and it is important to build as strong a case as possible, whether acting for the prosecution or for the defence.
Third-party witnesses can also benefit from legal support in white-collar crime cases, so that they know their rights, what they can and cannot refuse to answer, and any personal impact the case might have on them.
Whistleblowers, in particular, can also qualify for certain legal protection, so if you are considering reporting a business crime committed by your manager or employer, you might want to seek legal advice on whistleblowing and what protections are available to you.
The criminal justice system exists to ensure justice is done. That might mean convictions and prison sentences in serious cases of corporate crime, or those found guilty might be ordered to pay back the proceeds of their crime.
Ultimately the aim is to ensure nobody can profit from committing a corporate crime, that offenders are rehabilitated and/or banned from working in a regulated industry or holding a directorship for a period of time, and to deter those who might consider committing such a crime in the future.
White-collar crime in Yorkshire
Business fraud cases in the UK are understandably concentrated on London and the south-east – the BDO FraudTrack Report 2018 cites 159 cases in 2016 and 176 in 2017.
During the same period, many of Yorkshire’s neighbouring regions also saw an increase in white-collar crime:
- The North-East had 14 incidents of business fraud in 2016 and 37 in 2017.
- The East Midlands went from 24 corporate frauds to 35 in 2017.
- The West Midlands rose from 53 to 71 business fraud cases.
Over the Pennines, the North-West saw a slight drop in business fraud cases, from 73 in 2016 to 69 in 2017, the only region neighbouring Yorkshire where numbers fell year-on-year.
But in terms of white-collar crime in Yorkshire itself, the region achieved an even greater reduction, from 47 cases in 2016 to just 40 in 2017.
While this figure is not adjusted to take into account the different number of businesses or employees in each region, it is a relatively large percentage drop of around 15% year-on-year, and a testament to the region’s ethical business practices and firm action on business fraud.
Business crime across Yorkshire’s borders
Not all business crime takes place within a single region or a clearly defined geographical area, of course, and our corporate lawyers in Leeds, York and Sheffield see many cases that reach far beyond their city or county.
For example in 2017, North Yorkshire Police’s Serious Crime Team investigated a case of charity fraud in which a couple defrauded businesses including non-profit organisations out of £300,000.
The charities and businesses caught up in the fraud were located up and down the UK, and the couple were ultimately jailed for a total of eight years.
Some of the largest fraud cases – particularly in the financial sector, which may involve cross-border account transfers and money laundering – can reach beyond the UK coastline, leading to complicated questions of jurisdiction and which country’s laws should apply.
Our business crime solicitors in Sheffield, York and Leeds have years of expertise in breaking down these complex cases into manageable processes so that progress can be made and justice reached as soon as possible.
Speak to our corporate fraud solicitors in Yorkshire
We have corporate fraud solicitors in Yorkshire’s biggest cities, including corporate lawyers in York, Leeds and Sheffield ready to answer your enquiries via email or telephone.
However, we serve clients from all over the county, so if you want to be certain of legal representation for white-collar cases from Yorkshire solicitors you can trust to have the right level of experience and expertise, contact your nearest Lupton Fawcett office today.
You can reach us by email to firstname.lastname@example.org or call our general enquiries line on 0330 404 6390 for any questions you might have relating to business crime and white-collar fraud cases.
Our solicitor offices in York, Sheffield and Leeds can be found at:
- Leeds: Yorkshire House, East Parade, Leeds, LS1 5BD.
- Sheffield: The Synergy Building, Belgrave House, 47 Bank Street, Sheffield, S1 2DR.
- York: Stamford House, Piccadilly, York, YO1 9PP.
Existing clients can also speak directly to your current Lupton Fawcett solicitor who can refer you to the best person to handle your enquiry.