White-collar crime

White-collar crimeThe Serious Fraud Office (SFO) director Richard Alderman has had a rough ride since taking over the role from Robert Wardle in April.

In his first week Alderman launched an appeal over BAE, then shortly after the De Grazia report he recommended a massive shake-up of the organisation.

To top all that off the SFO’s longest running investigation, Operation Holbein (also referred to as Goldshield), collapsed after Mr Justice Pitchford threw it out. The SFO is appealing so that story is not over yet.

It is not only the SFO, however, that has been getting its teeth into white-collar crime. The Financial Services Authority (FSA) has been at it too.

This special report examines whether the FSA has actually made use of the Financial Services and Markets Act in relation to insider dealings since gaining the powers to do so in 2003.