Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 131 - 140 of 193 results for "scam"

MoneySmart list of unlicensed companies approaches 700

MARK SMITH  |  FRIDAY, 17 MAY 2013
... the increasing risk scammers pose to ordinary mum and dad investors. "As much as we would like to, ASIC can't stop every scam before it happens, especially those based outside of Australia. What we can do is educate investors and make them aware of steps ...

ASMA dismayed by proposed super hikes

MARK SMITH  |  THURSDAY, 4 APR 2013
... system, adding that there was no evidence to suggest that the tax concession was a massive burden on the economy. "It's not a scam. People have acted within the rules. Moving the goal posts mid-stream is unjust, it's unfair and there's no research to ...

ASIC slaps biggest fine ever

BEN COLLINS  |  FRIDAY, 22 FEB 2013
Financial services watchdog ASIC has handed out a record fine of $500k to a man who ran a $30 million scam targeting SMSFs. David Hobbs of Nelson, New Zealand, who was described as the "mastermind" behind more than a dozen unregistered offshore managed ...

Treats not threats

BENJAMIN ONG  |  MONDAY, 15 OCT 2012
Huh? Halloween already? It certainly felt that way last week, didn't it? It was the week when the spooks went out a-haunting. The Asian Development Bank, the World Bank and the International Monetary Fund were out like a three-headed monster, singing ...

Highly educated SMSF investors prime fraud targets

MELANIE TIMBRELL  |  TUESDAY, 10 JUL 2012
... SMSF professionals' Association of Australia said the report was "plain commonsense," he referred to the cost of the Trio scam and said investors were still often failing to follow basic checks. "The need for investors to check a number of sources before ...

ASIC uncovers investment scam

LINDA HAUSKEN  |  FRIDAY, 6 JUL 2012
The Australian Securities & Investments Commission has obtained court orders against the operators of a Gold Coast based unlicensed financial services business, following an investigation that resulted in 37 investors losing approximately $680,000. ...

Cold calling scammer gets 10 year ban

LINDA HAUSKEN  |  TUESDAY, 26 JUN 2012
... director, Blair Jason Travers, from the financial services industry for 10 years after being found guilty of a cold calling scam. Australian Securities & Investments Commission (ASIC) has ordered City Index Australasia (CIA) and Travers to remove all ...

Best friends forever

BENJAMIN ONG  |  FRIDAY, 13 APR 2012
Don't you just love it when a plan goes according to plan? Wall Street remained on rebound mode while we were sleeping and so were most equity markets from New York to Rio and old London town. The S&P 500 and the Dow each jumped by 1.4% overnight in ...

ASIC charges against new wave of boiler room scams

ELISE BURGESS  |  MONDAY, 6 FEB 2012
... rise of 'boiler room' scams, predominantly based on the Gold Coast, targeting investors across Australia. The boiler room scam involves a fraudulent party contacting individuals by telephone to convince them to invest in schemes involving the purchase ...

ASIC, ACC crack investment scam

ELISE BURGESS  |  WEDNESDAY, 14 DEC 2011
A task force between police, ACC and ASIC has closed in on an investment scam in QLD which has been coercing investments from consumers under a company name of West Trade or Atlas Lead Generation. A joint operation between the Queensland Police Service ...