Fraud and the Fight to Fix It – Reflections from a Retiring Police Crime Commissioner, and others

Register for the event

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When

Thursday, February 18th from 6:00pm until 8:00pm, UK time

Where

Online symposium via Zoom.

Format

There'll be a great line-up of speakers plus ample scope for discussion and debate.

Why you should attend

Fraud is now costing the UK economy as much as the entire NHS. The annual figure for fraud given by the National Crime Agency is over £190Bn based on figures from three years ago. This is almost certainly an underestimate. The NHS in the same year cost £197Bn a year. 

Little is done to combat major fraud. Less than 0.03% of the amount lost is spent on countering fraud. The Serious Fraud Office receives around £50m a year, Action Fraud, which has been shown to be largely unfit for purpose, receives £16m. Police Forces have neither the time, capacity, nor capability to take on fraud. When fraud cases are brought to their attention, they are either sent to Action Fraud, where mostly they seem to disappear into an administrative hole never to be heard of again; or are classed as a civil matter. The few that are distributed back down to police forces are rarely investigated. Less than 2% of fraud is investigated properly, and only a fraction of that brought to justice.

Despite the scale of the problem, there has been little effort or no enthusiasm by the many regulatory authorities, notably the Bank of England’s Prudential Regulatory Committee, the Serious Fraud Office and the Financial Conduct Agency, to either stop these frauds or bring the perpetrators to justice

There are mountains of evidence showing that fraudsters have ruined thousands of companies, farmers, and families; and the lives of thousands of individuals. A great number of jobs have been destroyed. Companies, homes, farms and possessions have been repossessed on forged documentation across the country. The damage to the UK economy has been massive.

The UK needs a profitable financial services sector that is well-governed and free from widespread scams and fraud. We’re a long way away from that. 

This event will tackle these issues head-on, with the keynote speaker being Anthony Stansfeld, Police Crime Commissioner for Thames Valley Police who has, over several decades, earned an outstanding reputation for honesty, decency and doing what is right, regardless of how inconvenient it might be to do so.

Anthony will be joined by many other speakers who have stepped forward to “tell it as it is” with a view to shining a big bright light on the unacceptable state of affairs in the UK’s financial sector.

Here's the programme and timings so far...

—————————————-6:00pm GMT—————————————-

Welcome to the symposium, introductions and initial exploration of the main issues; by

Andy Agathangelou
 Founder, Transparency Task Force;  Governor, Pensions Policy Institute; Chair, Secretariat Committee, APPG on Pension Scams; Chair, Secretariat Committee, APPG on Personal Banking and Fairer Financial Services

—————————————-6:20pm GMT—————————————-

Presentation #1, for 20 minutes + 10 minutes Q&A/Discussion by

Anthony Stansfeld
Police and Crime Commissioner for Thames Valley Police

—————————————-6:50pm GMT—————————————-

Short leg-stretch and comfort break, for 5 minutes

—————————————-6:55pm GMT—————————————-

Presentation #1, for 5 minutes incl. Q&A/Discussion by

David Laity
Criminal Investigator, Action4Justice

—————————————-7:00pm GMT—————————————-

Presentation #2, for 5 minutes incl. Q&A/Discussion by

Michelle Young

—————————————-7:05pm GMT—————————————-

Presentation #3, for 5 minutes incl. Q&A/Discussion by

John Banerjee
Emerging Markets & FX Trader

—————————————-7:10pm GMT—————————————-

Presentation #4, for 5 minutes incl. Q&A/Discussion by

Elizabeth Watson
Owner/Managing Director/CEO, Discoveries International

—————————————-7:15pm GMT—————————————-

Presentation #5, for 5 minutes incl. Q&A/Discussion by

Helen MacGregor & David Arnold

—————————————-7:20pm GMT—————————————-

Presentation #6, for 5 minutes incl. Q&A/Discussion by

Mark Wright
Director, Bank Confidential

—————————————-7:25pm GMT—————————————-

Presentation #7, for 5 minutes incl. Q&A/Discussion by

Nikki Turner & Paul Turner

—————————————-7:30pm GMT—————————————-

Presentation #8, for 5 minutes incl. Q&A/Discussion by

Mike McGrath

—————————————-7:35pm GMT—————————————-

Presentation #9, for 5 minutes incl. Q&A/Discussion by

Baron Prem Sikka
Member of the House of Lords

—————————————-7:40pm GMT—————————————-

Presentation #10, for 5 minutes incl. Q&A/Discussion by

Brian Basham
Chairman, Equity Development

—————————————-7:45pm GMT—————————————-

Open discussion & debate, 10 minutes

—————————————-7:55pm GMT—————————————-

Final conclusions; and suggested next steps and close to the formal proceedings.

However, for those that want it…

8pm GMT until 8:30pm GMT

….informal, unstructured networking and informal conversation; a “fireside chat”

___________________________________________________________________

*The programme will continuously evolve so is subject to change.

Anthony Stansfeld
Police & Crime Commissioner for Thames Valley Police

Anthony was elected as Police and Crime Commissioner on 16th November 2012.

He was born in Newbury and West Berks has been his home all his life. He is currently a member of West Berks Council, and was a member of the Thames Valley Police Authority for several years before taking over as Chairman of the Performance Committee in 2011. 

He has had a career in both the military and in industry. He enlisted in the Army at 17 and joined the Royal Green Jackets where he saw active service in Borneo and Northern Ireland. He learnt to fly helicopters at Middle Wallop and commanded various Army Air Corps Squadrons, including the Army helicopters in the Falkland Islands in the latter half of 1982.

He spent 2 years as Chief of Staff Intelligence in the Far East. On leaving the Army he was Marketing Director, and then, for 6 years, Managing Director of the aircraft company Pilatus Britten Norman, which had aircraft in over 100 countries. At the same time he commanded the Army reserve helicopters as a TA officer. 

While in the Army he spent 4 months carrying out the reconnaissance for the crossing of the Darien Gap in Panama and Columbia, and led the first stage of Operation Raleigh, taking young people through the jungles of Honduras and Belize. He was, for 8 years, a trustee of the Thames Valley Air Ambulance. 

He has an M.Sc and studied international terrorism and global security in depth at university.

_________________________________________________________________________________________________________________________________________

John Banerjee
Emerging Markets & FX Trader

John Banerjee is the former Head of Emerging Markets Foreign Exchange Trading for the Royal Bank of Canada, Europe.  Having raised serious global compliance failings on an open basis to his business division heads, he was secretly internally investigated.  The investigation came up with no breaches of any policies, so he was fired on the pretext of ‘poor time keeping’.  He subsequently sued the bank as a litigant in person and became the first person to win a whistleblowing case against an international bank post the introduction of the FCA’s Senior Manager and Certification Regime.  Post his case hitting the front page of the FT, more than 100 whistleblowers from RBC came forward to WhistleBlowersUK and the FCA was forced into a major investigation of RBC Europe.

_________________________________________________________________________________________________________________________________________

Brian Basham
Chairman, Equity Development

Brian is a serial ‘start-up’ entrepreneur. He founded and floated The Broad Street Group, which he established after an early career as a financial journalist with the Daily Mail, Daily Telegraph and The Times. He left The Times to investigate the relationship between organised crime and the City. He became an accredited fund manger as cover for his investigation.

Broad Street specialised in takeover bid communication strategies.  It became the ‘go to’ agency both in the UK and the US.   It transformed financial public relations and was floated in 1986.

Brian then founded Primrose Care, caring for elderly people in their own homes, it was later sold to BUPA. 

He founded Equity Development 25 years ago. It provided research services to smaller companies. He recently sold ED.

Brian also founded ArchOver, which is a unique crowdfunding marketplace lender, facilitating secured and insured loans to companies. It was sold to Hampden Group

He was one of three founders of the Quoted Companies Alliance, he initiated a report for Treasury on Smaller Quoted Companies and wrote the well regarded publication Tomorrow’s Giants, with the former senior Treasury official Craig Pickering.  

Brian’s charitable activities include re-establishing Remembrance in the UK in 1995 for the 50th anniversary of World War II. The initiative enabled the Royal British Legion to raise £20m in that year, saving it from probable dissolution. Remembrance, once again, has become a regular feature of British life. He conceived the appeal Coming Home to raise funds for seriously wounded military personnel, which also raised £20m. He stimulated the reactivation of the British Dyslexia Association and has run two marathons to raise funds for Prostate Cancer research. 

_________________________________________________________________________________________________________________________________________

Elizabeth Watson
Owner/Managing Director/CEO, Discoveries International Ltd

 Founder, One voice Action Group; former CEO, Young Discoveries Limited; former Showroom Manager, Colourflair; former Sales Representative, Liberty & Co. Ltd

_________________________________________________________________________________________________________________________________________

David Laity
Crimincal Investigator, Action4Justice

Police service (24 years) various departments before specialising in criminal investigation as CID detective. Worked Drug Squads, Regional Crime Squads, Special Branch & Surveillance Teams setting up covert video and audio operations.

5 years ambassador for the British Police – Liaison French police.

Previously Qualified Medical Scientific Officer, Brunel University; several years Hospital Laboratory Scientific Officer, Biochemist analysing patient samples for medical and emergency room diagnoses.

Retired, continued assisting victims of crime (pro bono) complex international frauds; £millions property/financial theft various countries Europe and Eastern Europe, involving Mafia and corrupt Judges. Over 400 British, Irish, Russian and other internationals’ properties recovered.

Became victim serious financial fraud involving Lloyds Bank managers.

Working Bank Signature Forgery Campaign, located over 440 alleged forged signatures by bankers, resulting 427 formal criminal forgery charges, currently with National Crime Agency.

Attend Westminster giving evidence of banking fraud to APPG

Formed Action4justice.co.uk representing  victims of banking fraud totalling £billions. 

Reinvestigating Operation Meadow (bank frauds). Comprehensive, criminally centric 700+ page politically sensitive report, now available for Home Office and Cabinet Ministers scrutiny. 

Working with a team of highly qualified experts to highlight/prosecute white collar fraud involving banks: Investigating UK regulators and police; lack of proper regulation and misconduct in office.

International Judge, Natural & Common Law Tribunal for Public Health & Justice.

Currently Documentary filmmaker collating evidence to produce a series of Expository Documentaries.

_________________________________________________________________________________________________________________________________________

 

 

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