Ghost broking costs victims £11.5m since 2012


The City of London Police's Insurance Fraud Enforcement Department (IFED) reported that fraud arising from 'ghost broking' activity has been valued at £11.5m since the department was set up in 2012.

Since it was established IFED has carried out 86 investigations into suspected ghost brokers.

In one investigation alone, officers identified over 600 people who had fallen foul of the ghost broker.

IFED revealed that in the past year Action Fraud has taken 157 reports from victims of ghost brokers

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