Overview

Overview

Nasir Khan’s background in commercial litigation is perfect for specialising in pursuing fraudsters. He has helped several banks, investors and suppliers to recover their money and to also pursue fraudsters by way of a private criminal prosecution in the Crown Court. Nasir thoroughly enjoys pursuing fraudsters, especially those who have never been caught before.

Nasir has also represented several clients in property disputes, trademark infringement and licensing cases.

Add Nasir via LinkedIn and/or contact him at Nasir.khan@cubismlaw.com

There are many ways of recovering money from fraudsters.

How to recover your money from a fraudster

Nasir has experienced many High Court cases and successfully recovered millions of pounds on behalf of victims of fraud. He has pursued High Court cases against several fraudsters as well as persistent debtors. His experience includes:

  • Conducting cases to obtain a final Judgment and an Order that the money is to be paid by the fraudsters or persistent debtors.
  • Enforcing the Judgment to recover the money.
  • Often banks have secured their lending against a property, in which case, we would obtain a possession order and then seize that property and sell it to recover the money.
  • Tracing assets of fraudsters in the UK or overseas.
  • Seizing those assets via Court orders.
  • Obtaining Injunctions from the High Court to prevent fraudsters from continuing with their crimes or moving the money overseas.
  • Working with Bailiffs to physically seize assets of fraudsters and persistent debtors.
  • Freezing bank accounts.
  • Making individual fraudsters bankrupt to then pursue them under the Insolvency Act.
  • Making companies insolvent in order to recover the assets.
  • Pursuing directors of insolvent companies for wrongful and fraudulent trading so that they become personally liable for repaying the money rather than being able to hide behind a limited liability structure.

How to catch a fraudster

Many frauds go unpunished because the Police and Crown Prosecution Service are under-resourced and over-stretched. In many instances of fraud prosecution, the victims are left without any recourse. It is very often the case that the money has been spent by the fraudster and, for that reason it is not possible to recover that money by way of a High Court case. Sometime the money has just gone.

In the UK, victims of frauds do not have to rely upon the Police and the CPS, they are able to hire their own lawyer and advance a criminal prosecution in the Crown Court against the fraudster. This is a very important constitutional right reserved for all victims of crime.

Bringing a criminal action is sometimes the only avenue left for victims. Just because the money no longer exists, it does not mean that the fraudster should be allowed to get away with his crimes. The maximum prison sentence under the Fraud Act is 10 years.

Fraudsters often do not respect a Judgment from the High Court. They move their money abroad and invest in assets which are held in the names of others (family and friends). They do this with the specific intent to make it difficult to trace and seize their assets. Criminals respect the force of the state: arrest, prosecution and imprisonment.

Criminal prosecution is a vital deterrent to those who believe that even if they are successful in hiding their assets from creditors in civil claims, they can still be made to pay for their crimes.

Have you been the victim of a fraud? If so, please contact Nasir on nasir.khan@cubismlaw.com

Who wants to pursue fraudsters

Nasir’s clients mainly involve banks, investors and suppliers.

Banks

Nasir works with a number of banks in the UK. He has worked on numerous cases where banks have been defrauded by fraudulent borrowers who have made deliberate false representations to acquire loans and mortgages; especially where borrowers have overstated the value of their securities.

Investors

Nasir has worked on pursuing fraudsters on behalf of investors who have been scammed into ploughing money in schemes and policies which later transpired to be bogus. Nasir has successfully chased fraudulent investment companies and their directors.

Suppliers

On many occasions, suppliers have provided their goods and services to companies which have later ceased trading. Nasir has pursued directors of those companies for fraudulent trading to make them personally liable for the debts owed to suppliers.

In criminal law, issues of corporate veil are less important and it is easier to make directors personally liable for fraudulent trading. Such cases are pursued under s. 993 Companies Act 2006.

How is Cubism Law different

Cubism Law work with a team of investigators and have specialist solicitors who are experienced in building and prosecuting criminal cases. The firm invests heavily in investigative resources to locate fraudsters and their assets.

Notable Cases

Notable Cases

  •  Successfully recovered £3.5m for a banking client after it had been defrauded. Recovered more than 80% for the client.
  • Successfully defended a banking client in 2 major employment cases where the client was being blackmailed by a fraudster.
  • Successful in a major competition law case against Barclays Bank.
  • Pursuing a restaurant operator for trademark infringement through private criminal prosecution.
  • Pursuing directors and shareholders of a company in East London for fraudulent trading.
  • Involved in a major class action to pursue a fraudster IFA company and its authorizing company.
  • Pursued an employee of a company who had stolen valuable data.