Ex-LV= employee sentenced for leaking confidential information to CMC in return for bribe

CMC employee charged with issuing bribe

clock • 1 min read

An ex employee of LV= has been charged with accepting a bribe from a claims management company in order to leak confidential information.

Stephen Karl Oates, 26 of Bournemouth appeared at Bournemouth Magistrates Court last Friday (16 September). Appearing alongside Oates was Aisha Elliot, 23 from Yeovil, who was employed by a claims management company at the time and was charged with issuing a bribe. Detective chief inspector Oliver Little, from the Insurance Fraud Enforcement Department, said it was the first time the department had charged suspects with bribery offences. He said: "Fraud within the insurance industry is taken extremely seriously - whether it's members of the public looking to submit false claims for...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Record protection payouts must spur advisers on

Record protection payouts must spur advisers on

These aren't products that sell themselves

Ahmed Bawa
clock 01 November 2024 • 5 min read
Could a broader advice definition boost protection's reach?

Could a broader advice definition boost protection's reach?

'No one wakes up in the morning thinking about buying life insurance'

Paul Yates
clock 22 October 2024 • 4 min read
Are we talking enough about protection and succession planning?

Are we talking enough about protection and succession planning?

Why are more IHT liabilities for gifts not being protected?

Naomi Greatorex
clock 30 September 2024 • 4 min read