• Defrauded in the UK: Is Your Best Option Civil or Criminal?
  • June 28, 2012 | Authors: Roy A. Powell; Barnaby C. Stueck
  • Law Firms: Jones Day - Pittsburgh Office ; Jones Day - London Office
  • On discovering large scale fraud within a business often the instinctive reaction is to pick up the phone and call the police. However, in certain circumstances, immediately reporting the discovery of fraud to a law enforcement body may not be the best course. While most companies want to conduct themselves in a socially responsible way, their primary responsibility (subject to any legal obligation to report the matter) is to their shareholders and investors, which means maximising recoveries, minimising reputational damage and deterring similar actions by others. In some circumstances, civil law may provide the best route to achieving those aims.