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Showing 121 - 130 of 258 results for "Scam"

Venture capital firm in data breach

KARREN VERGARA  |  WEDNESDAY, 3 MAR 2021
... capital firm that recently won a mandate with the Future Fund is the subject of a cybersecurity breach that involved a phishing scam. Sequoia Capital informed investors last week that sensitive information has been accessed by a third party. The Future ...

AFCA chair under fire

ELIZABETH MCARTHUR  |  THURSDAY, 18 FEB 2021
... the winner and present themselves as financial regulatory authorities. They say they are investigating the people who run a scam about offering winning cars. They walk away from this visit with the person's bank account details." Telford said he ...

Super scammer permanently banned

ELIZABETH MCARTHUR  |  MONDAY, 15 FEB 2021
ASIC has permanently banned a former financial adviser, Daniel McSweeny, after he was previously banned for five year s. McSweeny was charged with 20 dishonesty offences in 2018, as well as one offence for falsifying books as a company director. An ...

Ponzi schemer succeeds at appeal

ELIZABETH MCARTHUR  |  FRIDAY, 12 FEB 2021
A die-hard Collingwood Magpies fan who, with his wife, scammed friends they met through the football club of over $1 million, has had success at appeal. Douglas Johnston, together with his wife Maureen Johnston, were found by ASIC to have run a dodgy ...

Australians Googling for advice

KANIKA SOOD  |  WEDNESDAY, 3 FEB 2021
Online searches for 'financial advice' by Australians increased by 18% last year to 14,800 in average monthly searches compared to 2019, according to Allan Gray research on search and engagement trends. Average monthly searches for 'financial advice' ...

ASIC detects imposter bond scam

ANNABELLE DICKSON  |  THURSDAY, 28 JAN 2021
The corporate regulator is warning investors of scam bond investment operations targeting Australian investors with claims of high yield bond investments. The scammers are claiming to be from reputable domestic and international financial firms when ...

Crackdown on ERS scams continues

ELIZA BAVIN  |  MONDAY, 18 JAN 2021
... rose 23% in 2020, with a rise in investment scams and government impersonation scams. Scamwatch said it received over 5170 scam reports mentioning COVID-19 with over $6.28 million in reported losses since the outbreak of the pandemic. A spokesperson ...

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 ...

Investment scams most profitable

ELIZA BAVIN  |  TUESDAY, 15 DEC 2020
... date around $58 million has been lost to investment scams, with 6669 reports made to the ACCC. The second most profitable scam was around dating and romance with losses of $34.3 million, followed by threats to life/arrest ($10.8 million) and false billing ...

Serious financial crime drops significantly

ELIZA BAVIN  |  THURSDAY, 26 NOV 2020
The abundance of serious financial crime has dropped significantly from last year, according to AUSTRAC's Fintel Alliance operations report. In FY2018/19 15% of the group's operations were in relation to serious financial crime, with the FY2019/20 year ...