Fraud is costing the UK some £20bn a year - £330 for every person in the country, a police study warns.
The survey, commissioned by the Association of Chief Police Officers (Acpo) has added up published fraud figures across the UK's economy.
Including the cost of fighting fraud the baseline number is £13.9bn.
But the report's authors add on £6bn for under-reporting and tax evasion - and warn that even so, their numbers are a very conservative minimum.
They call for the government to follow through on last year's Fraud Review and establish a National Fraud Reporting Centre.
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