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Showing 91 - 100 of 218 results for "Scam"

Federal Court freezes investment scam, winds up SMSF operator

ANNABELLE DICKSON  |  TUESDAY, 27 OCT 2020
The Federal Court has frozen the funds of a suspected investment scammer and ordered the winding up of two unlicensed financial services businesses, upon referral from the Australian Securities and Investments Commission (ASIC). The Federal Court has ...

Man arrested over investment scam

ANNABELLE DICKSON  |  FRIDAY, 16 OCT 2020
... investigation by the Australian Securities and Investments Commission has culminated in an arrest over a suspected investment scam. The 42-year-old Melbourne man was arrested following a joint investigation by ASIC and Victoria Police E-Crime Squad which ...

CSIRO contractor in crypto scam

ELIZABETH MCARTHUR  |  MONDAY, 21 SEP 2020
A CSIRO contractor has been sentenced over fraudulent behaviour after he used the organisation's servers and supercomputers to carry out cryptocurrency mining. He was caught out after the CSIRO noticed serious impairment of its computing infrastructure ...

ASIC bans crypto scammer

ALLY SELBY  |  FRIDAY, 4 SEP 2020
ASIC has banned a former national representative of a cryptocurrency investment scheme from financial services for seven years, after it was found he engaged in misleading or deceptive conduct. New South Wales based John Louis Anthony Bigatton has copped ...

Fake pastor herds believers into Ponzi scheme

ELIZABETH MCARTHUR  |  MONDAY, 31 AUG 2020
A man claiming to be a pastor in the US has been charged over a Ponzi scheme that targeted African immigrants, particularly those of faith. The US Securities and Exchange Commission (SEC) charged two companies based in Maryland for the scheme that allegedly ...

Facebook, Google face crypto class action

ANNABELLE DICKSON  |  WEDNESDAY, 26 AUG 2020
Sydney-based law firm JPB Liberty has filed a class action against Facebook and Google for the losses suffered by Australian cryptocurrency providers after their bans on cryptocurrency advertising. JPB Liberty is seeking damages for the losses the cryptocurrency ...

ASIC warns Indigenous Australians over scams

ANNABELLE DICKSON  |  WEDNESDAY, 19 AUG 2020
... Strategy and reveals the costly effects of consumers giving out personal details over the phone and email. There were 2767 scam reports from Indigenous consumers to the ACCC's Scamwatch in 2019, a 14% increase from 2018. Despite the increase in reporting ...

ACCC flags dangers of ERS

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 AUG 2020
... the nature of superannuation scams is shifting, having seen a 55% increase in cases of identity theft. The ACCC's national scam awareness week this year is focussed on identity theft, with the agency saying they've seen a huge uptick in scams taking ...

AFP charges early release scammers

ELIZABETH MCARTHUR  |  MONDAY, 10 AUG 2020
The Australian Federal Police have charged three people with allegedly submitting false claims to gain early access to superannuation under the new COVID-19 measures. AFP Taskforce Iris has charged seven people in total with submitting false early release ...

Cyber criminals jump on ERS

ELIZA BAVIN  |  TUESDAY, 4 AUG 2020
... analysing scams data regarding COVID-19 collected via Scamwatch to identify trends, monitor financial losses and inform our scam prevention strategies. He said the ACCC receives a large number of scam reports each year (167,801 in 2019), but the scam ...