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Showing 101 - 110 of 503 results for %22Financial Fraud%22

J.P. Morgan set to cough up US$1bn

ALLY SELBY  |  THURSDAY, 24 SEP 2020
... increase in price brought about by the large phony order. The practice was made illegal in the US in 2010, following the financial crisis. The settlement rumours come after two precious metals traders and one former trader in the New York office of the ...

Sydney tax professional jailed

ELIZA BAVIN  |  MONDAY, 7 SEP 2020
... agents do the right thing, but unfortunately there are some agents who take advantage of their trusted position for financial benefit," Kendrick said. "Nazeer's actions showed a complete disregard for not only the law, but also his clients' trust by ...

Fund manager charged with fraud

ALLY SELBY  |  FRIDAY, 4 SEP 2020
... persuade the other bidder not to describe Kamensky's conduct as a threat." The SEC division of enforcement's complex financial instruments unit chief Daniel Michael said this type of "deceptive conduct" has no place in securities offerings. "Kamensky ...

Former adviser faces fraud charges

ALLY SELBY  |  MONDAY, 31 AUG 2020
A former financial adviser based on the Sunshine Coast has been charged with 10 counts of fraud, totaling nearly $1 million. Brett Andrew Gordon faced Maroochydore Magistrates Court over the fraud charges following an extensive ASIC investigation. Gordon ...

Tax fraud goes from paradise to prison

ANNABELLE DICKSON  |  TUESDAY, 18 AUG 2020
... his role in the scheme. Four other men have already been sentenced as part of the investigation. The ATO-led Serious Financial Crime Taskforce is a multi-agency taskforce allowing investigators to investigate matters thoroughly through data-matching ...

AFP charges early release scammers

ELIZABETH MCARTHUR  |  MONDAY, 10 AUG 2020
... investigation. A 41-year-old woman has been refused bail and is charged with conspiring to dishonestly obtain or deal in personal financial information. The maximum penalty for the offence is five years in prison. Another 41-year-old woman will appear ...

ERS scheme referred to Auditor-General

ELIZA BAVIN  |  THURSDAY, 6 AUG 2020
... Grant Hehir asking him to review the integrity and performance of the ERS scheme. "The scheme was designed to provide financial relief for people experiencing income loss and hardship caused by the economic impact of COVID-19. This was the clear intent ...

Cyber criminals jump on ERS

ELIZA BAVIN  |  TUESDAY, 4 AUG 2020
... said the ACCC have been 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 ...

Another sentenced in ATO fraud

ELIZA BAVIN  |  MONDAY, 3 AUG 2020
... time and tenacity, and we will not stop in our resolve in seeing these investigations to the end." Chief of the Serious Financial Crime Taskforce, Will Day welcomed the sentence that was handed down. "These outcomes show the commitment of the Serious ...

Watchdog warns of celebrity-endorsed bitcoin scams

ALLY SELBY  |  THURSDAY, 30 JUL 2020
... Stefanovic and Virginia Trioli have been identified by ASIC as fake. The fraudulent use of these figures in the marketing of financial products is a key indicator of a scam, the corporate watchdog said, pointing to fake websites posing as crypto trading ...