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Recession pushes white-collar crime to new highs.
(From Guardian Unlimited)
A recession-fuelled spate of bribery and corruption is set to keep fraud at record highs in 2010, according to experts at KPMG.
Hard times have driven more people to investment scams and supply chain fraud, meaning 2009 likely notched up another record for white collar crime, according to initial estimates for KPMG's Fraud Barometer.
The first six months of 2009 saw the highest fraud rate in the 21-year history of the consultants' report with more than 160 cases of serious fraud costing GBP636m.
Cases reaching the courts in the first half included a GBP200m investment fraud involving the attempted sale of the Ritz hotel …
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