With growing complexity and power, fraud can pose a serious threat to a modern business making the services of a fraud lawyer invaluable should your company be at risk. The need for a fraud lawyer is furthermore exacerbated by the economic downturn and The Times reports that the Commissioner of City London Police is warning of the threat following news that the number of reported frauds rose by more than 64% in the last financial year.

Why to use a fraud lawyer

As well as greater opportunity, a business's increasing reliance on technology and growth into international markets brings risks that could require the assistance of a fraud lawyer. Difficulties in the economy meanwhile also mean that fraud lawyers are increasingly being called upon for advise. A report in Time magazine suggests that the disruption caused by redundancies leaves businesses more vulnerable while restructuring brings such issues to the surface, potentially prompting the need for a fraud lawyer. To secure your business against even facing such a situation a fraud lawyer can also be called in to check the protection you have in place.

You may on the other hand need a fraud lawyer because you the one being accused. A number of organisations such as the Serious Fraud Office and the Financial Services Authority have investigatory powers and are particularly keen to be seen cracking down now. If you or your company faces an accusation it is important to consult a fraud lawyer promptly to help negotiate with the authorities and forestall a notice being served that could cause damage to your reputation. The advice and representation of a fraud lawyer means that a defence can be quickly mounted and allegations disproved or the matter settled.

What a fraud lawyer can do

Short term actions that a fraud lawyer can take should you suspect that you have fallen victim, principally involve taking out orders. A freezing order, search order or disclosure order could be utilised by your fraud lawyer to ensure an investigation takes place promptly before evidence can be destroyed and so that it is possible to recover assets. Should the case warrant it, a fraud lawyer can even apply for a passport order to prevent a defendant fleeing the jurisdiction.

If you are the one accused and have an order taken out against you, your fraud lawyer will ensure that the order is appropriately complied with and can help apply to the court to have it varied or discharged.

When consulting a fraud lawyer you should check if they are a member of the Very High Cost Complex Crime Panel (VHCC).

NB: None of this information should be construed as legal advice.