Banking Fraud and Estate Administration – The Case That Put Banks on Notice
In a landmark judgment delivered by the Western Cape High Court recently, the court made it clear that banks cannot escape liability when they pay estate funds to the wrong person, even when that person presented themselves as the lawfully appointed executor of a deceased estate. The case of Turner NO v Standard Bank of […]
Fraud: Remedies available to defrauded parties
Parties are sometimes induced to enter into agreements because of representations made by the other party. Such agreements can then later turn out to be to the party’s detriment if the representation was fraudulent. This article will briefly discuss the essential elements that an innocent party must prove in order to either claim damages or […]
What to do after discovering fraud in your business
Anyone who’s ever had the misfortune to fall prey to credit card fraud, knows that it’s a huge hassle. If you’re running a business, you should be aware that your business may be at an even greater risk of having its financial data compromised, which can have much more serious implications compared to that of […]