Real Estate / Property

The property sector has always been especially vulnerable to fraud. The large sums of money involved in property transactions make the sector particularly appealing to questionable business deals and criminals. Failing to deal with fraud can lead to dire consequences in terms of loss as well as punishments ranging from fines to imprisonment for individuals and organisations.

Fighting Property fraud

Real Estate has often been targeted for fraud. Issues that impact on residential sales including fraud arising from impersonation to cybercrime such as authorised push payment fraud. Issues affecting commercial property range from bribery, misrepresentation, money laundering with a variety of frauds such as off-plan investment schemes or sale and leaseback schemes. Understanding these risks and the responses needed is vital.

If you discover you are a victim of fraud in the property sector either as an individual, business or professional advisor, there are routes to recovery that can be explored.

Tenet is well placed to advise businesses and professional service providers in the sector on fraud prevention measures. Seeking specialist advice quickly is key to achieving a positive outcome. In addition to fraud prevention, Tenet has expertise in seeking recovery following a property fraud such as an authorised push payment fraud.

To find out how we can help please give us a call or email us.

Sector expertise

Individuals are being targeted in property transactions when transferring completion monies. We have successfully used our fraud expertise and sector specific knowledge to recover monies for our clients in these circumstances. Other areas of threat we have advised on is the creation of false property investment opportunities, occasionally linked to pensions leading to individuals being defrauded out of large sums.

We understand how distressing such fraud can be especially given the high amounts involved. Our aim is to guide clients through what can often be a complicated and daunting process with honest and practical advice.

Our team of experts have been recognised by RICS who have teamed up with us to prepare content for its members of various types of property fraud, how to prevent it and what to do if you discover it.

We can guide you through

Does your financial compliance, policies and procedures need to be stronger?

Contact details

Phone: 0121 796 4020

Email: hello@tenetlaw.co.uk

Fax: 0843 216 4240

Location

Tenet Compliance & Litigation Limited
10th Floor, Lyndon House, 62 Hagley Road, Birmingham, B16 8PE

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Tenet Compliance & Litigation Limited. Registered Office, 10th Floor, Lyndon House, 62 Hagley Road, Birmingham, B16 8PE. Registered in England and Wales. Registered No: 09776405. Authorised and regulated by the Solicitors Regulation Authority. SRA Identification No. 626562.
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