Victims of fraud are being failed by the criminal justice system, charities are warning, as new analysis suggests only a fraction of reports result in a prosecution.
There were 1.2 million recorded cases of fraud in England and Wales in the 12 months to June, data from the National Fraud Intelligence Bureau shows.
But in the same time frame fewer than 13,000 cases were prosecuted, Ministry of Justice figures show.
Wayne Stevens, the national lead for fraud at charity Victim Support, said: "Our experience is that victims get a pretty poor deal from the criminal justice system as a whole." The Home Office said it would publish "an ambitious fraud strategy in the New Year."