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Showing 171 - 180 of 195 results for "Scam"

ASIC releases 'too good to be true' calculator

The Australian Securities and Investments Commission (ASIC) has released yet another online calculator to help investors double-check whether the returns that service providers promise them are the real deal or too good to be true. "Understanding the ...

FPA and ASIC warn consumers to defend against fraudsters

The Financial Planning Association (FPA) has warned Australians to check that their adviser is licensed, while the Australian Securities and Investments Commission (ASIC) has launched a free e-newsletter to arm investors with information about fraudulent ...

Action against illegal investment schemes on the rise

The Australian Securities and Investments Commission (ASIC) has revealed the past financial year has witnessed a 25 per cent increase in actions to shut down illegitimate investment schemes. The regulator closed down 76 illegal investment schemes during ...

CSS fraudsters appear in court

AAP  |  THURSDAY, 18 AUG 2005
... not to contact each other, to surrender their passports and to report daily to police. Two others charged over the alleged scam, Jian Ping Wang and Jian Hua Chen, both 39, have been remanded in custody to face the same court on August 23. The court was ...

Auscoal suffers theft of $1.6 million

AAP  |  THURSDAY, 26 MAY 2005
... involvement at all," he said. "We believe it's entirely external and we also have reason to believe that a similar sort of scam or frauds have been attempted with other entities as well." Mr Hickey said the bulk of Auscoal's contributions came from electronic ...

Former financial adviser imprisoned

... after he pleaded guilty to five charges of obtaining a financial advantage by deception. Mr Street was involved in a Nigerian scam where he invested over $1 million of client's funds in the expectation of receiving US$65 million in return. Between September ...

Beware the cold calling con artist

... The scams also have a second tier where people posing as lawyers or investigators further deceive victims of the original scam by offering to track down and retrieve lost monies from the original offer for a fee. ASIC director of consumer communication ...

Financial planner pleads guilty to fraud

... investigation by the ASIC. The fraud took place between September 2001 and August 2002 when Mr Street was involved in a 'Nigerian Scam' and transferred over $1 million of clients' funds overseas in order to receive US$65 million in return. Sentencing ...

Embezzlement more common but scams hurt most; report

Embezzlement accounts for almost half the incidence where retail investors have been defrauded by their financial advisers while unauthorised trading contributes one third of incidence, according to a new report conducted by Tepana Associates. In a ...

ASIC scamseek goes online

After a 16 month trial, the Australian Securities Investments Commission (ASIC) launched its scamseeker spider today, an Internet-document classification system able to automatically identify websites that illegally promote financial schemes and lock ...