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Showing 131 - 140 of 693 results for "fraud"

Microcap manipulators caught out

ANNABELLE DICKSON  |  THURSDAY, 24 SEP 2020
A ring of microcap share manipulators have had their assets frozen by the Securities and Exchange Commission after procuring US$9 million in illegal profits by defrauding retail investors. The SEC alleged in a complaint that between 2013 and 2017 Ongkaruck ...

CSIRO contractor in crypto scam

ELIZABETH MCARTHUR  |  MONDAY, 21 SEP 2020
A CSIRO contractor has been sentenced over fraudulent behaviour after he used the organisation's servers and supercomputers to carry out cryptocurrency mining. He was caught out after the CSIRO noticed serious impairment of its computing infrastructure ...

Rapper charged over crypto scandal

ALLY SELBY  |  MONDAY, 14 SEP 2020
... CoinSpark, two companies controlled by Felton that conducted the cryptocurrency offerings with violating registration and anti-fraud provisions. All individuals involved in the fraudulent offering have agreed to settlements to resolve charges brought ...

Sydney tax professional jailed

ELIZA BAVIN  |  MONDAY, 7 SEP 2020
A tax professional has been sentenced to one year and eight months jail, having pleaded guilty to lodging false income tax returns and amendments without his clients' knowledge. Hussain Nazeer admitted guilt for dishonestly causing a loss to the Commonwealth ...

Fund manager charged with fraud

ALLY SELBY  |  FRIDAY, 4 SEP 2020
... luxury retailer Neiman Marcus Group. The Securities and Exchange Commission has charged Daniel Kamensky with violating anti-fraud provisions, with the regulator seeking both a permanent injunction and civil penalties in the federal district court in ...

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
A key promoter of a tax evasion scheme who had been living in Vanuatu for several years to avoid arrest has been jailed for six years following a 19-year joint investigation by the ATO and Australian Federal Police. Philip Northam was sentenced in the ...

Synchron compliance lead resigns

ELIZABETH MCARTHUR  |  WEDNESDAY, 12 AUG 2020
... compliance. Earlier in his career, Jones worked as a compliance manager at IFM Investors and senior compliance officer, fraud prevention officer at National Australia Bank. Hanna Abdullah will step into the position of head of compliance - policy and ...

AFP charges early release scammers

ELIZABETH MCARTHUR  |  MONDAY, 10 AUG 2020
... agencies are committed to tackling any illegal behaviour and protecting the government's COVID-19 stimulus measures from fraud.

ERS scheme referred to Auditor-General

ELIZA BAVIN  |  THURSDAY, 6 AUG 2020
... response to COVID-19 had revealed major problems with the scheme." Jones lists a number of issues including: Major theft and fraud issues, resulting in the loss of significant quantities of superannuation; The lack of any verification mechanism for access ...