Business Trading Frauds Solicitors in London
Updated on Tuesday 17th September 2019
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Companies involved in trading activities without respecting the business terms and acting in an illegal manner can be suspected of fraud. In most of the cases, company directors and/or owners are accused of business trading frauds of one kind or another, so the support and legal advice of a business trading fraud solicitor in London will be needed. We invite you to talk to one of our criminal defence solicitors in London and ask for immediate legal advice if you have been accused of business trading frauds in UK.
What is business trading fraud?
Long firm frauds and short firm frauds are two types of crimes relating to business trading frauds. In the case of long firm frauds, the mechanism of committing illegality is quite simple. Companies having a reputation and a business history behind can be involved in fraudulent activities like not paying the suppliers or selling products or services as soon as they declared bankruptcy or insolvency. In the case of short firm frauds, these are mostly involved in crimes committed on the internet or relate with bogus tradesmen frauds. The following details can tell more about the business trading frauds, mentioning that our criminal defence lawyers in London are at your disposal with complete legal advice and recommendations:
- Firms can place orders to wholesale retailers for which they do not intend to pay.
- There are many cases of companies with a great business history behind that are involved in business trading frauds.
- Untraceable products are used by companies involved in business trading frauds.
- Short firm frauds involve companies without a solid business history behind, not even daily activities.
- Bogus tradesmen or telemarketers can be part of business trading frauds.
Companies facing business trading fraud accusations are recommended to get in touch with a criminal defence solicitor in London. The experience of our business trading frauds solicitors in London is needed for both companies dealing with such accusations or victims of such crimes.
When do you become a victim of business trading fraud?
Suppliers or providers of goods and services can discover serious financial loses and trading activities with companies that have no solid business background. A supplier company can realize at a certain point that the business trading activities developed with certain small or medium companies are nothing but fraud cases involving serious amounts of financial losses. This is the time where our business trading frauds solicitors in London can provide immediate legal advice and act in agreement with your case by studying it and preparing a solid defence. On the other hand, it is quite needed to pay attention to the legal support of our criminal solicitors in London if you, as a company owner and business person, have been accused of business trading frauds.
What can I do if detect a business trading fraud?
The Action Fraud Agency in UK recommends to all victims of business trading frauds to report the crimes as soon as possible. At the same time, it is highly recommended to get in touch with a business trading frauds solicitor in London and get complete legal advice for your case. It is also suggested to save all the correspondence and documents which can be used as evidence in your case, in the court of law. And above all, once you have discovered you have been a victim of business trading frauds, you should immediately cut the business connections with the false business partners. The immediate support of a business trading fraud solicitor in London will prove essential right from the beginning, and there are also lots of chances to recover a good part of the financial loses, if you report the frauds in time. Make sure you get in touch with one of our criminal defence solicitors in London and find out more about the legal advice we can provide. Below we have gathered information, statistics and facts about frauds in UK:
- the level of business frauds in UK dropped to 50% in 2018 from 55% as it was registered in 2016;
- 49% of the frauds registered in UK in the past two years (2017 and 2018) represented cybercrime cases;
- 19% of participants to a survey referring to business fraud said that frauds in their company were detected with the help of fraud risk management solutions.
- the number of company fraud cases in UK grew from 6% to 23% between 2016 and 2018.
Looking for legal advice for cases of business trading frauds in UK? Feel free to contact our team of criminal defence solicitors in London.