The FCA may have issued £826m in fines this year for financial wrongdoing, but white collar crime is still a better bet than an old fashioned smash and grab.
I was chatting with an insolvency practitioner last week, who was working on a case involving a businessman who had deliberately failed to pay £42m of National Insurance contributions to HMRC. The tax dodge had been going on for nine years before it finally ended up in court. Compare this, he said, with the Hatton Garden heist, in which criminals burrowed under a safe deposit company and made off with anything between £10m and £200m of jewels, other valuables and cash. The crime took place in April this year, by May eight men had been charged with the crime, and in September four h...
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