‘Fresh Air Invoicing’ Fraud rising warns Insolvency Practitioner

An Insolvency practitioner for an accountancy firm has warned of a growing trend of ‘fresh air invoicing’.
Stephen Grant of Azets, an accountancy and advisory firm with offices in Poole and Blandford, announced rising instances of financially strained firms issuing invoices unrelated to any trading transaction.
The practice – coined ‘fresh air invoicing’ – deceives finance companies into advancing 70 per cent to 90 per cent of the falsely c