UK’s ‘first ever’ prosecution for false company information

Discussion in 'General Business Forum' started by KAC, Mar 29, 2018.

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  1. KAC

    KAC UKBF Ace Free Member

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    Posted: Mar 29, 2018 By: KAC Member since: May 7, 2017
    #1
  2. The next Steve Jobs

    The next Steve Jobs UKBF Regular Free Member

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    It's the first ever prosecution bit that worries me!o_O

    Q does it take a blatant scam like naming the prime minister as a fake director to get caught?

    The mind boggles!


    Now it's hit the news I'm quite sure 2 bit scam artists will be trawling the web looking for the names of junior ministers and nobles to add to their list of fake directors ... balancing fake kudos vs chance of getting caught....no doubt including minor miss spellings to aide plausible deniability , m'lord


    There are thousands of fake companies/directors set up for the purpose of tax evasion and other dubious reasons. There are brokers who do this, was a big hoo ha a few years back...in reality there has always been a 'circus'of fake business etc but the digital age has led to blatant and exponential expansion of the business circus side of things.


    At the root of all this there are two key factors

    1) the inate almost instinctive nature and ability for humans to cheat

    2) Information asymetry

    3) the underlying predator prey relationship of sellers and buyers



    I saw you coming but you didn't see my cunning
     
    Last edited: Mar 29, 2018
    Posted: Mar 29, 2018 By: The next Steve Jobs Member since: Mar 19, 2018
    #2
  3. Mr D

    Mr D UKBF Legend Free Member

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    Thanks for that. Have to smile at the company names and the people he chose to have as directors.
    If going to be an idiot, be a total idiot. :)

    I can imagine so far a few will have used more ordinary names and got away with it.
     
    Posted: Mar 29, 2018 By: Mr D Member since: Feb 12, 2017
    #3
  4. Annoying Donkey

    Annoying Donkey UKBF Ace Free Member

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    Who investigates such things...? Companies House told me they don't have an investigator team.
     
    Posted: Mar 29, 2018 By: Annoying Donkey Member since: Sep 13, 2009
    #4
  5. Mr D

    Mr D UKBF Legend Free Member

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    They may have .... lied?
    Or perhaps this is someone else's team brought in to investigate this particular company? Just in case the person in charge of the unit actually was involved.
     
    Posted: Mar 29, 2018 By: Mr D Member since: Feb 12, 2017
    #5
  6. Alan

    Alan UKBF Legend Full Member - Verified Business

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    I don't think he should have been fined, he should have been given a reward for pointing out how useless Companies House is at verifying data.
     
    Posted: Mar 29, 2018 By: Alan Member since: Aug 16, 2011
    #6
  7. JEREMY HAWKE

    JEREMY HAWKE UKBF Legend Full Member

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    They were probably a bit stumped why Vince Cables business was floundering in such a way and looked into it further

    I like the bit about the imaginary director having the company formed with out his knowledge :)
     
    Posted: Mar 30, 2018 By: JEREMY HAWKE Member since: Mar 4, 2008
    #7
  8. Mark T Jones

    Mark T Jones UKBF Big Shot Full Member

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    To me, it indicates that Companies House are pretty inept at challenging fraudulent information

    One case in 9 years, where the culprit had evidently set out deliberately to get charged? Hardly needs an investigation team, does it? ‘Hey Vince, is this you?’ ‘Nope’.
     
    Posted: Mar 30, 2018 By: Mark T Jones Member since: Nov 4, 2015
    #8
  9. Mr D

    Mr D UKBF Legend Free Member

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    Yes, takes some stupidity to get caught like that. Twice.
    Like the person was taunting companies house.
     
    Posted: Mar 30, 2018 By: Mr D Member since: Feb 12, 2017
    #9
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