Responding to the news that the City of London Police will not be pursuing a prosecution against Wonga for issuing fake lawyer’s letters Stella Creasy MP said:
“I’m very surprised to hear from the City of London police that they don’t have ‘sufficient evidence’ to prosecute Wonga for fraud following revelations that they were sending letters to customers pretending to be a solicitor pursuing legal action for debt recovery from those who had borrowed from this legal loan shark.
“The Financial Conduct Authority seems to have enough evidence to make Wonga pay compensation to customers for scaring them like this- why don’t the police? I look forward to hearing from The FCA as to what additional information they have that means they could take action against this company for misleading consumers but wasn’t criminally fraudulent”
On the 5th of February 2015 the City of London Police “concluded there is not sufficient evidence to progress a criminal investigation.” https://www.cityoflondon.police.uk/news-and-appeals/Pages/no-city-of-london-police-investigation-into-wonga-debt-collection-practices.aspx
The Financial Conduct Authority reached an agreement with Wonga to compensate consumers who had received this fake letters in June last year: http://www.fca.org.uk/news/wonga-redress-unfair-debt-collection-practices