High net worths (HNWs) are increasingly taking fraud matters into their own hands and pursuing private prosecutions when they fall victim to such scams.

Kate McMahon, a partner at law firm Edmonds Marshall McMahon who specialises in private prosecutions, said there are a number of reasons for this.

Firstly, she said a lot of HNWs like to shy away from the police. Depending on where in the world they are most used to, they often have different ex...