Ghost broking costs revealed in new police campaign


The City of London Police’s Insurance Fraud Enforcement Department (IFED) has calculated that victims of ghost broking lose an average of £769.

According to IFED, its national fraud and cyber reporting centre, Action Fraud, received more than 850 reports linked to ghost broking between November 2014 and October 2017.

Reported losses for both individuals and organisations totalled £631,000.

Of these reports, 417 resulted in IFED taking action against the offenders.

The hall of shame included

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