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Business trading frauds

Business trading frauds can include long and short firm fraud as well as bankruptcy and insolvency related frauds.

Long and short firm fraud is when a seemingly genuine business is set up, but has the intention of defrauding its customers and suppliers. Long firm fraud us when the business has developed a good reputation and credit history, while short firm fraud happens when the bogus business has been in operation for a few months. Short firm fraud is often internet related.

Fraud relating to bankruptcy and insolvency can involve companies fraudulently trading immediately before being declared insolvent, phoenix companies or illegal trading while suspended.
How to report it

If Fraud has been committed report it to Action Fraud. For more advice and to raise any concerns, contact the Office of the Public Guardian.

See also:
Long and short firm fraud
Bankruptcy and insolvency related fraud
Phoenix companies

Source - Action Fraud

Date Published: Jul 20, 2018

Types of fraud

A-Z of fraud

To help understand which fraud you've been affected by, we've categorised them into an alphabetical list.

What is fraud and cyber crime?

Fraud is when trickery is used to gain a dishonest advantage, which is often financial, over another person.

Advance fee fraud

Advance fee fraud is when fraudsters target victims to make advance or upfront payments for goods, services and/or financial gains that do not materialise.

Corporate fraud

Corporate fraud can be any fraud committed against a business.

Individual fraud

Individual fraud could be any fraud that targets a person directly. Individual frauds can differ from frauds affecting businesses and other organisations.

Online fraud

Some fraudsters rely on the internet to commit their crimes. Learn about some different types of internet frauds that and how to protect yourself and get safe online.

Identity fraud and identity theft

Identity theft is when your personal details are stolen and identity fraud is when those details are used to commit fraud.
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