Britain is ‘losing the war on fraud’ with just one in 700 scams resulting in convictions, the Daily Mail can reveal.
Shocking figures show fraud convictions have slumped by 62 per cent since 2011 to their lowest level in 14 years.Insurance Loans Mortgage Attorney Credit Lawyer
But reports of investment fraud have spiked by 343 per cent since 2017, while the pandemic has seen billions lost to scams this year.
The findings sparked warnings that ministers have failed to respond to the scale of the crisis, creating ‘a haven for fraudsters’.
Overall fraud convictions plunged by 34 per cent in 2020, according to Ministry of Justice figures