Friday afternoon fraud is nothing new. The SRA has been warning firms about the risk of this type of fraud since before 2015. However, the case of R v Oliva (2019) (unreported) has provided a reminder of the legal and regulatory issues which arise when law firms find themselves mixed up in these scams.
Friday afternoon fraud typically involves a fraudster impersonating a client or solicitor in a conveyancing transaction. Here we focus on the scenario in which the fraudster impersonates the client.
Andrew Pavlovic appears in Solicitors Journal commenting: "successful frauds invariably involve a solicitor meaning that a breach of trust claim will succeed, even in the absence of systemic failings in the firm".
Andrew is a senior associate in the litigation team. He has experience of acting in a broad range of commercial disputes, as well as undertaking regulatory and administrative/public law work for the Law Society, the Solicitors Regulation Authority and the Architects Registration Board.