Fraud is a very serious offence with grave consequences. Corporations, companies and businesses face liability for their actions and those of their members. This means that directors of a company may be subject to severe sentences as a result of the actions of their employees, or for fraudulent business dealings for financial gain.
There are now a number of specialist agencies working to investigate and prevent Corporate Fraud offences, including the Serious Fraud Office, the Financial Conduct Authority and the Office of Fair Trading. It is important to cooperate with the investigating authority and aim to have the matter concluded before court.
Corporate Fraud allegations can be incredibly damaging to reputations, and punishments can be severe. Sentences will vary depending on the amount of harm done (usually by way of financial assessment), the degree of involvement of fraudulent activity, and the type of fraud involved. Often the preferred solution is a “Deferred Prosecution Agreement” where a company agrees to pay a specified sum, or percentage of profits, in return for the prosecution being deferred, however negotiating this can become very complicated.
If you are accused of Corporate Fraud, you should seek legal advice immediately.
It is vital that you receive the best advice possible and provide as much detail of the facts of your case as you can to ensure the right result for you.
MK Law is on hand to help you through all stages of the process.