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Showing 1 - 10 of 813 results for "Fraud"

Paul Chiodo sues Shield-linked City Built, director for $200m

KARREN VERGARA  |  FRIDAY, 18 SEP 2026
... accounts and failing to disclose the true application of advances." He said he did not discover discrepancies and the alleged fraud until he began obtaining documents directly from subcontractors and suppliers from approximately March 2025. Chiodo's ...

AI moves into the advice process

VINNY VUCAGO  |  THURSDAY, 17 SEP 2026
Financial advisers could soon spend less time piecing together clients' histories and more time acting on them, as Marloo launches an artificial intelligence (AI) tool that searches entire client books alongside new research showing consumers are increasingly ...

Inquiry rips into Diversa: 'All profit, no responsibility'

KARREN VERGARA  |  MONDAY, 7 SEP 2026
... inquiry, Diversa's leadership team stood its ground, claiming that the root cause of First Guardian's failure was fraud and that this is the reason why it is seeking a government bailout to make members whole. Vincent Plant, Diversa's independent ...

Scams and governance failures dominate tip-offs to ASIC

RIDDHIMA TALWANI  |  THURSDAY, 3 SEP 2026
... services without an Australian financial services licence. On the other hand, corporations and corporate governance included fraud allegations, corporate governance issues, registered liquidator conduct, insolvency matters, shareholder issues, reporting ...

ASIC warns investors over Yepbit platform

VINNY VUCAGO  |  THURSDAY, 13 AUG 2026
ASIC has warned investors against dealing with Yepbit and Yepbit Exchange after receiving reports customers have been unable to withdraw funds from the purported digital assets and futures trading platform. Yepbit claims to operate globally, including ...

ASIC ramps up enforcement action

VINNY VUCAGO  |  MONDAY, 10 AUG 2026
... was the permanent banning of Abdullah Popal from providing financial services and engaging in credit activities following fraud convictions involving the dishonest transfer of almost $90,000 from former clients. ASIC also permanently banned former financial ...

SMC questions SCA's 'mystery caller' report

RIDDHIMA TALWANI  |  WEDNESDAY, 5 AUG 2026
... progress beyond the member verification process - a critical first step for super fund call centres given the growing risks of fraud and scams," SMC spokesperson added. "Real super fund members expect their funds to take identity security very seriously ...

NSW director disqualified over $7m SMSF scam

RIDDHIMA TALWANI  |  FRIDAY, 31 JUL 2026
The Federal Court has permanently disqualified former director Larry Dawson from managing corporations after finding he defrauded investors on their self-managed superannuation funds (SMSF) investments. Dawson was pulled out for his role as a sole director ...

Crypto traders surge, Swyftx expands into mainstream assets

VINNY VUCAGO  |  FRIDAY, 31 JUL 2026
... The report also highlighted growing security concerns, with 62% of active traders reporting they had encountered a scam or fraud attempt, most commonly phishing attacks. One in four targeted investors suffered financial losses. "Being targeted is now ...

Aussie Olympian's brother sentenced over crypto scam

RIDDHIMA TALWANI  |  THURSDAY, 23 JUL 2026
... occasions, banks informed Gunn they had received complaints that funds credited to Mormarkets accounts had been affected by fraud or other suspicious activity. All accounts associated with Mormarkets were eventually closed by the banks, ASIC said. When ...
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