Why Does the Credit Crunch Make Life Easy for Fraudsters? ; in Association with Rbs. As the North East Prepares for the Launch of Its Own Anti-Fraud Facility, Andrew Mernin Investigates Why the Current Economic Turmoil Is Making Life Easier for the Fraudsters.

Summary

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OVER the past 12 months the credit crunch has wreaked havoc on almost any industry that has dared stand in its way.

However, as thousands of jobs have been lost while shareholders have seen their assets eroded by the wave of economic turmoil, one cash-hungry band have rubbed their hands as their business operations have boomed.

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Extract

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Why Does the Credit Crunch Make Life Easy for Fraudsters? ; in Association with Rbs. As the North East Prepares for the Launch of Its Own Anti-Fraud Facility, Andrew Mernin Investigates Why the Current Economic Turmoil Is Making Life Easier for the Fraudsters.

As hauliers, builders and retailers battle hard to survive these tough economic times, the counterfeiters and fraudsters are reaping the rewards by preying on vulnerable consumers.

Today we bring you the news that the North East Fraud Forum (NEFF) is planning a multi-million pound anti-fraud facility in the region.

And, if recent figures are to be believed, such a facility could not come soon enough. Levels of fraud have...

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