Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 101 - 110 of 687 results for "Fraud"

Insider trading forum busted

ELIZABETH MCARTHUR  |  FRIDAY, 19 MAR 2021
The Securities and Exchange Commission (SEC) has busted an internet forum where people were selling "insider tips" on listed companies. California man James Roland Jones was charged with perpetuating a fraudulent scheme to sell what he claimed were ...

Banks still failing customers after Royal Commission

ELIZA BAVIN  |  TUESDAY, 16 MAR 2021
... revealed many customers have still been facing irresponsible lending, charging of incorrect fees, poor customer service, fraud, and unfair terms and conditions. CHOICE chief executive Alan Kirkland called out the banks for not stepping up to the plate ...

Mawhinney not dishonest, just irresponsible: ASIC

ELIZABETH MCARTHUR  |  FRIDAY, 12 MAR 2021
... the hearing, Mawhinney distributed a press release which claimed the court had heard that ASIC confirmed no dishonesty or fraud on his part. "ASIC's action has ruined the lives of hundreds of Mayfair 101's investors who invested over $210 million, for ...

ATO begins stimulus fraud convictions

ELIZA BAVIN  |  THURSDAY, 25 FEB 2021
... the ATO that he had been dishonest in his applications. ATO deputy commissioner Will Day welcomed the conviction, saying fraud against the stimulus measures is fraud against the community, effectively stealing from the pockets of taxpayers at a time ...

ATO targets SMSF fraud

ANNABELLE DICKSON  |  MONDAY, 22 FEB 2021
... against this type of activity. In addition, another aspect of the 'secure front door program' is to protect against identity fraud. "In the SMSF system, identity fraud can involve the use of stolen identities to fraudulently set up a new fund so that ...

AFCA chair under fire

ELIZABETH MCARTHUR  |  THURSDAY, 18 FEB 2021
... November that she would not be seeking reappointment in May 2021. However, that's not enough for the Victims of Financial Fraud (VOFF) group, which is unsatisfied with Coonan's position at the authority. VOFF and its secretary John Telford take ...

BlackRock readies for crypto exposure

KARREN VERGARA  |  FRIDAY, 22 JAN 2021
... operational issues, making its prices unavailable at times. "In addition, the cash market in bitcoin has been the target of fraud and manipulation, which could affect the pricing of bitcoin futures contracts," it said. The Global Allocation Fund invests ...

Crackdown on ERS scams continues

ELIZA BAVIN  |  MONDAY, 18 JAN 2021
... spokesperson said. "The ATO has extensive integrity measures in place to protect the tax and superannuation systems from fraud, including identity fraud. "Australians can have confidence in the security measures the ATO has in place to protect the integrity ...

IFM impersonated in scam

ELIZA BAVIN  |  THURSDAY, 14 JAN 2021
IFM Investors has become the subject of an email scam as it also battles claims it overvalued certain assets. IFM said the email, purporting to be from the company, has been sent to members of the public requesting them to fill out an application form ...

Fund manager charged with defrauding investors

ELIZA BAVIN  |  WEDNESDAY, 13 JAN 2021
A fund manager has been charged with misappropriating over US$7 million from retail investors who he had duped into believing he was an experienced and successful investment manager. The Securities and Exchange Commission in the US charged Eric Malley ...