Fraud costs the voluntary sector �1.3bn a year - Third Sector

Fraud costs the voluntary sector �1.3bn a year - Third Sector: "National Fraud Authority's review says 11 per cent of charities have fallen victim

The charity sector loses �1.3bn a year to fraud, according to a report released today by the National Fraud Authority.

The figure is equal to about 2.4 per cent of the sector's total income, according to the Annual Fraud Indicator 2011. The indicator says fraud against the voluntary sector makes up about 3 per cent of all fraud in the UK, which costs the country �38bn a year in total."