Pandemic fraud: What trustees and beneficiaries need to be aware of

Amy Harvey, of counsel, Peters & Peters, 10/11/2021

Whist the full extent of the fallout from Covid-19 on the global economy is yet to be seen, history has shown that recessions often uncover and act as a catalyst for fraud.

This, coupled with the fact that past economic downturns have shown us that those negatively impacted by portfolio losses will scrutinise the actions of those managing their assets, means that litigation is likely on the horizon.

The Fraud Triangle

The fraud triangle is a framework commonly used in auditing to explain the reason behind an individual’s decision to commit fraud. The fraud triangle outlines three comp...

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