Man With a Red Face: £250k Fraud at OFT
And here we were thinking that the OFT was there to help and advise the naive, innocent consumer and indeed businesses from the dark forces of the worlds’ fraudsters. Well, yes they are but even the watchdogs aren’t immune from being bitten by the odd scam.
Tucked away in the supplementary notes to the OFT annual report for the year ended 31 March 2009 under ‘Losses and Special Payments,’ it was revealed that a £97,000 loss occurred in the 2007/08 year, …
And here we were thinking that the OFT was there to help and advise the naive, innocent consumer and indeed businesses from the dark forces of the worlds’ fraudsters. Well, yes they are but even the watchdogs aren’t immune from being bitten by the odd scam.
Tucked away in the supplementary notes to the OFT annual report for the year ended 31 March 2009 under ‘Losses and Special Payments,’ it was revealed that a £97,000 loss occurred in the 2007/08 year, with another £153,000 loss coming in the 2008/09 year ‘due to an alleged fraud made possible by a control weakness in the Accounts Payable process.’ Oops.
But if you were thinking your precious taxpayer pounds were going to waste have no fear – the OFT won a victory last month when the High Court ruled it had been right to criticise Foxtons, the estate agent, for burying terms in small print.
Irony?
August 3, 2009
The smug, complacent post-imperial superiority complex afflicting British public administration must be ditched-Britain is not uncorrupt, international studies show it to be an averagely corrupt country- it`s just that “bribes in the street” are not the method here.