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Showing 141 - 150 of 792 results for "Fraud"

Former adviser jailed for nine years

KARREN VERGARA  |  MONDAY, 24 APR 2023
... was 85 years old at the time. Fineff told Williams he would invest the funds in Sentinel shares but did not. "Due to the fraud, the victim was left with limited funds and could not afford to pay her rent. She was issued an eviction order. The police ...

Adviser complaints rise, super complaints decrease

KARREN VERGARA  |  WEDNESDAY, 19 APR 2023
... financial services and insurance companies went bust in the 2022 financial year. Under capitalisation, poor business management, fraud, trading losses, inadequate cashflow or overspending, and poor financial control were the main reasons behind their ...

Fraudster sentenced to eight years behind bars

CHLOE WALKER  |  MONDAY, 17 APR 2023
... investment spruiker Anthony Keith Silver has been sentenced to eight years and six months imprisonment for a $1.8 million fraud. Silver was previously shadow director of Capital Growth International Club and All About Property Developments Pty Ltd) which ...

Startup founder charged for defrauding JPMorgan

JAMIE WILLIAMSON  |  WEDNESDAY, 5 APR 2023
The founder of JPMorgan's ill-fated student financial aid solution has been formally charged with fraud by the US regulator over the company's sale, while a criminal investigation is also underway. In September 2021, JPMorgan Chase paid US$175 million ...

Former Octaviar director sees charges dropped

CHLOE WALKER  |  TUESDAY, 4 APR 2023
The Commonwealth Director of Public Prosecutions (CDPP) has withdrawn its fraud charges against former Octaviar Investment director David Mark Anderson, citing his ill health. Anderson had been facing 27 charges of fraud, including allegations that ...

Taskforce exposes rising dangers for retail investors

ANDREW MCKEAN  |  FRIDAY, 31 MAR 2023
... over the growing influence of social media on retail trading decisions, which leads to increased vulnerabilities around fraud risk. The rising popularity of crypto-asset investments among retail investors magnifies the impact suitability issues, fraudulent ...

We need to be ready: APRA

CASSANDRA BALDINI  |  WEDNESDAY, 29 MAR 2023
APRA is looking to further safeguard Australia's banking system following recent global events, warning economic ripple effects can still be felt across the pond. In an address on Tuesday, APRA chair John Lonsdale said no matter how resilient the ...

NGS Super suffers cyber-attack

JAMIE WILLIAMSON  |  MONDAY, 27 MAR 2023
... general manager Katrina Ellis said APRA is concerned about the increasing risk to the super industry from cyber breaches and fraud. "Luckily there hasn't been a material cyber incident in super so far; but our work highlights the need for a broad ...

Regulators prioritise emerging areas of risk

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... in a super fund led to the creation of a working group. "It was decided that a group be set up, focusing on the issues of fraud and security, that's what I wanted to update you on," she explained. She said the cross-industry working group has met ...

Former director charged with fraud

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
The ex-director of Guevara Capital Access and Online Trading Capital has been charged with eight counts of dishonestly obtaining a financial advantage by deception. Mark McCabe appeared in the Downing Centre Local Court last week to receive the penalties. ...