A sole practitioner who decided not to sack a fraudulent employee after discovering he had stolen almost £90,000 from the firm’s office account has been fined £5,000 by the Solicitors Disciplinary Tribunal. However, the SDT rejected 20 of the 24 allegations made against her by the Solicitors Regulation Authority.
Widespread failure to comply with diversity rules, cash-flow problems, disguised referral fees and fraud have all been revealed in a Bar Standards Board report on “high impact” chambers. Few chambers also bothered to get feedback from lay clients.
A disbarred barrister was jailed for fraud last week after taking money from the parents of children with special educational needs but failing to appear at court. A colleague who also pretended to be a practising barrister was jailed too.
The Solicitors Regulation Authority has urged solicitors to be extra vigilant after a north-east conveyancing firm became the latest victim of telephone bank scammers. The firm lost a significant amount from its account.
A former solicitor and non-practising barrister who was convicted of a string of offences – including assaulting two police officers and defrauding the Law Society of £23,000 while a member of its council – has been disbarred two months after she was struck off the roll of solicitors.
The jailing of former Law Society council member Michael Webster for a fraud offence last summer caused “significant damage” to the profession, the Solicitors Disciplinary Tribunal has said.
Four law firms have recently lost £2m from their client accounts after falling victim to scammers who tricked them into disclosing bank security information over the telephone, the Solicitors Regulation Authority has warned.
A former solicitor who stole almost £1m through stamp duty fraud has been sentenced to ten years in jail. Shameer Sacranie, 40, from Leicester is believed to have fled the country and was sentenced in his absence last week.
The Solicitors Regulation Authority (SRA) is launching a crackdown on money laundering today, in conjunction with the National Crime Agency (NCA).
A third of suspicious activity reports submitted by solicitors seeking consent to continue working on a matter do not contain enough information on which to make a decision, the UK Financial Intelligence Unit has found.