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Why is Companies House helping fraudsters?

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Tens of thousands of people are having companies set up in their name by fraudsters who then use the details to take out loans or swindle consumers. 

Victims forever live in fear of debt collectors and the police linking them to dodgy companies and loans. This growing type of fraud, part of a wider criminal epidemic sweeping the country, is being met with no resistance from Companies House, the country’s official register of more than four million limited companies. 

Despite promises by the Government to beef up its powers, Companies House is powerless to check the veracity of information supplied by anyone forming a new company. 

Increase: Tens of thousands of people are having companies set up in their name by fraudsters who then use the details to take out loans or swindle consumers

The result, one expert told The Mail on Sunday, is a fraudster’s paradise. 

Fraud is now reaching shocking levels in the UK. The amount stolen through such…

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