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Showing 1261 - 1270 of 3210 results for "Scheme"

UK regulator fined for pension failure

HARRISON WORLEY  |  TUESDAY, 28 JAN 2020
... statement to members of its staff pension plan. The Financial Conduct Authority (FCA) has been fined £2000 by UK pension scheme authority, The Pension Regulator (TPR). A list of enforcement activities for the third quarter of 2019 shows the TPR hit ...

Ponzi scheme rakes in almost $1.5bn

HARRISON WORLEY  |  TUESDAY, 28 JAN 2020
A California-based couple has been charged by the US Securities and Exchange Commission for allegedly running a Ponzi scheme worth just under $1.5 billion (USD$1billion). The SEC has charged Jeffery and Paulette Carpoff with violating antifraud provisions ...

Millions up in smoke in cannabis scam

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JAN 2020
... cars. The US Securities and Exchange Commission has filed charges against Guy Griffithe and Robert Russell for an alleged scheme that defrauded investors who thought they were buying interests in a marijuana company. The SEC estimates the amount invested ...

Class action accuses NAB of super rip-off

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JAN 2020
... members. It names two NAB group entities, MLC Nominees and NULIS Nominees. MLC Nominees was the trustee of The Universal Super Scheme which merged with others to become the MLC Super Fund in July 2016 - NULIS was the trustee of that fund. The class action ...

Fraudster dyed hair, grew beard to evade regulator

ELIZABETH MCARTHUR  |  MONDAY, 20 JAN 2020
... over a hedge fund collapse dyed his hair and grew a beard in an attempt to go unrecognised as he launched a new bitcoin scheme. The US Securities and Exchange Commission charged Boaz Manor last week with raising over US $30 million from hundreds of investors ...

Superannuation scammer to face court

KANIKA SOOD  |  THURSDAY, 16 JAN 2020
The South Australian Police has arrested an SMSF investment manager who will today face the court with charges for 69 counts of deceptions. The 33-year-old man from Hills was arrested by police on Wednesday following a cybercrime investigation. It is ...

Goldman Sachs $1b corruption bill

ELIZA BAVIN  |  THURSDAY, 16 JAN 2020
... former Goldman Sachs executive was charged with bribery in December last year, over allegedly engaging in the corruption scheme through which he obtained over $62 million in bribes. The Securities and Exchange Commission (SEC) alleged that bribes to ...

The Income Store closed for business

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JAN 2020
... order and asset freeze against Courtright. It is alleging that The Income Store was, for all intents and purposes, a Ponzi scheme. The scheme apparently raised about US $75 million for more than 500 investors. Courtright and his company promised investors ...

Super fund rebrands

JAMIE WILLIAMSON  |  TUESDAY, 14 JAN 2020
... identity, a $2 billion industry superannuation fund has rebranded. EISS Super, or the Electricity Industry Superannuation Scheme, has changed its name to ElectricSuper. "We're still the same fund, offering great service to our members, low fees ...

Bank of Mum and Dad forking out serious dosh

ALLY SELBY  |  TUESDAY, 14 JAN 2020
More young Aussies are turning to their parents, the appropriately dubbed 'Bank of Mum and Dad', to help secure equity for a first home deposit, and financial advisers are split on the growing trend. For some, the lucky few, the money for the ...