Huge increase in fraud in the Midlands – BDO report

A REPORT by accountancy and advisory firm BDO has revealed that fraud in the Midlands has increased hugely.

Its BDO FraudTrack Report revealed that the value of fraud in Midlands rose by a massive 1,052% last year.

Fraud in the Midlands increased from £33m in 2014 to £384.5m in 2015 with the number of cases rising 25% from 70 to 94.

In the UK generally the total value of fraud more than doubled to £1.5bn from £720m, an increase of 110% from the previous year, and the highest value since 2011.

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