What the Solicitors Regulation Authority (SRA) and Action Fraud UK Have in Common
Don't let London become the world's "crime capital"
The article "Solicitors Regulation Authority (SRA) Inaction and Incompetence - Part II" will be released some time soon, but right now we focus on two other series with overlapping issues.
3 years ago I reported to my MP (Labour) that my colleagued and I: 1) had been embezzled; 2) the pension fraud in stake was formally confirmed both to me and to my colleagues by the pension provider; 3) the perpetrator had run away to the United States; 4) I reported to the matter to Action Fraud UK, after local Police advised me to do so. Here's one old video about this matter.
My MP did care, did respond, and did in fact contact Action Fraud UK, resulting in no action and no response to her. Action Fraud UK basically revelled in inaction and then decided to also gaslight Members of the British Parliament. Incredible.
What sort of system is this?
This month something similar happened at the SRA because a large law firm embezzled loads of people and more recently, as per the media, it turns out that SRA knew about it (it had been informed well in advance) and did nothing about it until it was too late and the damage/scope grew. It's still all over the news [1, 2], even this week. Contrary to what some headlines superficially suggest today, many people lost a lot of money. They will never get this money back.
It seems to be something that the SRA and Action Fraud UK have in common. We lack oversight, regulation, and enforcement. Fraudsters can get away with almost anything, and sometimes the United States is a safe haven for those fraudsters, who hire proxies in London to do their dirty job. █