Fraudulent trading is believed to be a serious offence which may end up with you having a prison sentence but only if you allow it to get that far. The jury will make the decision on the overall case and whether you acted dishonestly. It is important to have your narrative statement correct and ensure that your mitigating circumstances are well addressed.
In some cases, even though you tell the Court that you acted in good faith and had no intention to defraud and that it was due to certain circumstances the final judgement will still be for the jury to make.
It is the responsibility of the people who control or manage the business that will ultimately be held accountable. Anyone seen to be helping in the fraud including junior members of staff may also be charged for the offence.
We have written some simple guidance to point you in the right direction so that you are better equipped in understanding your options.
Previously in the series
- Fraudulent trading part one: Have you been accused of fraudulent trading?
- Fraudulent trading part two: What actions constitute fraudulent trading?
- Fraudulent trading part three: Take advice immediately
- Fraudulent trading part four: Can my home be searched by the police?
Next in the series
- Fraudulent trading part six: Sentencing in fraudulent trading
- Fraudulent trading part seven: Mitigating circumstance
Next Steps
If you want to find out anything further about this topic then please feel free to call on 0330 236 9930, 0330 236 9938 or 07961 116321. All conversations will be in strict confidence. You can also email vee@navigatebr.com
This article is for information and interest only. It is not a substitute for full professional advice, which will take in to account the specific and individual circumstances. Navigate Business Recovery Limited cannot accept any responsibility for any loss arising because of any person or organisation acting or refraining from acting on any information.