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Search ResultsShowing 1 - 10 of 100+ results for "Victims"
Asset managers want action on modern-day slavery
KARREN VERGARA  |  THURSDAY, 12 NOV 2020
... as a leading indicator of modern slavery," the letter read. The coalition estimates over 40 million people globally are victims of modern-day slavery, the majority (71%) of which are women and girls. More than 60% of victims live in the Asia Pacific. ...
Financial crime victims fume at Shipton, Crennan
ELIZABETH MCARTHUR  |  WEDNESDAY, 28 OCT 2020
The Victims of Financial Fraud (VOFF) group have written to senators slamming ASIC chair James Shipton for ignoring their requests for help but finding "time to submerge his own head in the trough allegedly at taxpayer expense". VOFF secretary John ...
Man arrested over investment scam
ANNABELLE DICKSON  |  FRIDAY, 16 OCT 2020
... form part of an alleged scam between May 2019 and October 2020. ASIC alleges the man obtained $370,000 from unsuspecting victims who believed they were investing in legitimate investment companies and created a number of websites and advertisements to ...
Manipulative trading at J.P. Morgan costs it over $1bn
ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
... avoid losses," he said. "Today's resolution - which includes a significant criminal monetary penalty, compensation for victims, and requires J.P. Morgan to disgorge its unlawful gains - reflects the nature and seriousness of the bank's offenses ...
Watchdog warns of celebrity-endorsed bitcoin scams
ALLY SELBY  |  THURSDAY, 30 JUL 2020
... ('dump') their own share in the now-overvalued cryptocurrency. This causes its value to plummet, along with any hope for victims of recovering their initial investment." Those who believe they have fallen victim to a scam should contact their ...
New class action regulations slammed
ALLY SELBY  |  FRIDAY, 24 JUL 2020
... members, my concern is that it is likely to have the opposite effect," Morabito said. The changes could also result in victims of illegal conduct not being able to launch class actions due to a lack of funding in the Australian market, he argued. "Less ...
Litigation funding fight heats up
ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
... very desirable destination for litigation funders looking to profit from class actions. "The percentages paid to the very victims that are being vindicated by class actions are decreasing," Mathias said during the hearing. He also accused the Australian ...
Investment scams pry $126m from Aussie hands
ALLY SELBY  |  MONDAY, 22 JUN 2020
... million). This was a 30% increase from 2018, when $489 million was reported lost. Worryingly, the ACCC said only 13% of victims report a scam, suggesting actual figures could be significantly worse. Based on combined data from the big four banks, scamwatch.gov.au ...
ERS paused as AFP investigates fraud
ELIZA BAVIN  |  FRIDAY, 8 MAY 2020
... make sure that there's nothing more we can do to help people protecting their data, to ensure that people are not the victims of identity theft, as is being investigated by the AFP," Sukkar said. "So today we will undertake that process just to make ...
New course helps advisers recognise financial abuse
JULIA NEWBOULD  |  TUESDAY, 5 MAY 2020
... be issued by Standards International, based in the UK. There are around four hours of video including interviews with victims of abuse, a lawyer and advisers as to what we can individually do to help. "We break down the differences between financial ...
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