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Showing 1 - 7 of 7 results for "Super fraud"

Adviser imprisoned for super fraud

CHLOE WALKER  |  THURSDAY, 15 DEC 2022
Former Perth financial adviser Rahul Goel has been sentenced to three years in prison for stealing over $35,000 from his clients' superannuation accounts. An ASIC investigation into Goel's misconduct found that between November 2018 and July 2019, the ...

Police charge man with super fraud

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2017
A Sydney man allegedly involved in a $1.8 million fraudulent superannuation scheme will face court today. NSW police charged the 47-year-old man with 20 counts of deception and dishonestly taking financial advantage; seven counts of using false documents ...

Trio super victims receive compensation

CLAIRE MCGREAL  |  WEDNESDAY, 8 FEB 2012
... Financial Services Minister Bill Shorten. The Minister thanked local MPs who made strong representations on behalf of the super fraud victims who he said were "robbed of their savings" by Trio. "The time it has taken to finalise payment to members reflects ...

$55 million for Trio super fraud victims

ALISON BEVEGE  |  WEDNESDAY, 13 APR 2011
Victims of the Trio Capital superannuation fund fraud will receive $55 million in compensation from a special levy, the Federal Government announced today. Members of four super funds formerly under the trusteeship of Trio will recover all lost funds ...

Jailed super fraudsters forfeit nearly $6m

HAMISH MADDEN  |  WEDNESDAY, 30 AUG 2006
A father and son, currently serving 18 months in jail for promising clients a 'superannuation cashback' arrangement as part of an illegal scheme, have been ordered to forfeit millions of dollars in holdings and assets. Following an Australian Securities ...

Super fraud thwarted

The Commonwealth Superannuation Scheme, with funds close to $5.5 billion, was unsuccessfully targeted with an attempted $150 million fraud, Channel Nine's Sunday program reported yesterday. JP Morgan Chase, the fund custodian, and the Australian Federal ...

New ASFA paper to help reduce super fraud risk

With over $500 billion in assets, superannuation funds could pose an attractive target for would-be perpetrators of fraud. A new Best Practice paper just released by the Association for Superannuation Funds of Australia (ASFA) aims to help trustees ...
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