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Showing 101 - 110 of 165 results for "Scams"

Serious financial crime drops significantly

ELIZA BAVIN  |  THURSDAY, 26 NOV 2020
... profiteering' was added to the list, accounting for 3% of the group's operations. In early 2019, Fintel Alliance established a scams working group to share information on emerging and complex scams and disrupt this crime targeting vulnerable members ...

Man arrested over investment scam

ANNABELLE DICKSON  |  FRIDAY, 16 OCT 2020
... and that associated bank accounts be frozen. Victoria Police Finance and Cyber Crime Division head Jane Welsh said such scams could lead to someone losing their entire savings. "These scams can be incredibly destructive for victims, not just financially ...

ASIC bans crypto scammer

ALLY SELBY  |  FRIDAY, 4 SEP 2020
... Administrative Appeals Tribunal. It comes after the corporate watchdog recently issued an alert on the dangers of cryptocurrency scams during COVID-19. The alert noted that most cryptocurrency "investment schemes" reported to ASIC were "outright scams". ...

Fake pastor herds believers into Ponzi scheme

ELIZABETH MCARTHUR  |  MONDAY, 31 AUG 2020
... with someone selling an investment - including a religious affiliation - that could make them a target for these kinds of scams. Criminal charges have also been filed in this matter and the US Commodity Futures Trading Commission has filed a civil action. ...

Facebook, Google face crypto class action

ANNABELLE DICKSON  |  WEDNESDAY, 26 AUG 2020
... revenue and over 80% of social media ad revenue. The advertising bans were aimed to reduce the risk of initial coin offering scams to investors but ended up dropping crypto markets by hundreds of billions of dollars and leading crypto exchange volumes ...

ASIC warns Indigenous Australians over scams

ANNABELLE DICKSON  |  WEDNESDAY, 19 AUG 2020
In light of the National Scams Awareness Week, the corporate regulator is urging Indigenous Australians to be wary of scams. The Australian Securities and Investments Commission is one of the agencies responsible for the National Indigenous Consumer ...

ACCC flags dangers of ERS

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 AUG 2020
... The Australian Competition and Consumer Commission (ACCC) has told Financial Standard that 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 ...

Cyber criminals jump on ERS

ELIZA BAVIN  |  TUESDAY, 4 AUG 2020
... ACCC chair Rod Simms told the joint committee on COVID-19 criminal activity and law enforcement that over 60% of COVID-19 scams are phishing scams aimed at collecting identity information. "As the economy responds to the COVID-19 pandemic, the ACCC has ...

Watchdog warns of celebrity-endorsed bitcoin scams

ALLY SELBY  |  THURSDAY, 30 JUL 2020
ASIC has uncovered several cryptocurrency scams using Australian celebrities, prominent news sites, and government agencies to reel in investors. Endorsements from celebrities and business figures such as Waleed Aly, Mike Baird, Celeste Barber, Andrew ...

ATO crashes amid tax return, ERS rush

ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
... ERS scheme, Australians were able to access up to $10,000 per financial year. In addition, the ATO renewed warnings of ERS scams, highlighting concerns about those who may impersonate the ATO or a super fund to gain access to another's money. "We're ...