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Showing 151 - 160 of 804 results for "Fraud"

Skynet fraudster terminated by ASIC

JAMIE WILLIAMSON  |  FRIDAY, 28 APR 2023
... fraudulently obtained as much as $9 million over the years. Recent weeks have seen a string of former financial advisers busted for fraud. Earlier this week, former adviser Brett Gordon was jailed for six years for executing a $650,000 SMSF fraud, while ...

Former adviser jailed for six years

JAMIE WILLIAMSON  |  WEDNESDAY, 26 APR 2023
A former financial adviser was sentenced to six years behind bars for committing a $650,000 fraud, using clients' SMSF savings to pay off his personal debts. Appearing before the Maroochydore District Court, former adviser Brett Gordon faced nine counts ...

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The Commonwealth Director of Public Prosecutions (CDPP) has withdrawn its fraud charges against former Octaviar Investment director David Mark Anderson, citing his ill health.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 ...