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Showing 1 - 10 of 31 results for %22Trio Capital fraud%22

Financial crime victims fume at Shipton, Crennan

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 OCT 2020
... VOFF secretary John Telford wrote to Senator Penny Wong informing her that VOFF's activism in relation to the Trio Capital fraud had been ignored by Shipton. He said that in 2018, the group wrote to Shipton and asked him to please inform authorities ...

APRA tighten reins on super fund acquisitions

KARREN VERGARA  |  TUESDAY, 25 JUN 2019
... process. "These concerns were heightened after this loophole contributed to the fraud that precipitated the collapse of Trio Capital in 2009. The closure of this legislative gap will ensure anyone seeking to acquire a substantial stake in an APRA-regulated ...

SuperGuard360 gives SMSF trustees greater protection

MARK SMITH  |  FRIDAY, 15 JUL 2016
... have the same protection and assistance as other super funds if things go wrong. This was highlighted by the Trio Capital fraud, which saw 400 SMSFs lose a total of $60 million and were denied compensation that was available to APRA-regulated super fund ...

APRA releases report on Trio investigation

KERRIE SYDEE  |  MONDAY, 11 APR 2016
The Australian Prudential Authority (APRA) has released its report on its investigation into the failure of Trio Capital Limited (Trio) and loss of up to $150m. The investigation resulted in the removal of 13 former Trio directors from the superannuation ...

Trio liquidators deny deregistering fraud fund

ALEX BURKE  |  MONDAY, 15 JUN 2015
PPB, the liquidators assigned to the Astarra funds following the 2009 collapse of Trio Capital, have denied rumours they will deregister the Astarra Strategic Fund on June 17. The Astarra Strategic Fund was the primary vehicle, along with the ARP Growth ...

Penalties for fund managers too lenient

MARK SMITH  |  WEDNESDAY, 10 SEP 2014
... investigates some of the largest cases of fraud committed by fund managers across four countries including the collapse of Trio Capital in 2009. "The four cases highlight how fraud can easily occur in the managed funds context. What is however a cause ...

Tarrant appeals AAT banning order

LAURA MILLAN  |  FRIDAY, 24 JAN 2014
... from providing financial services for seven years. Tarrant was sued by about 100 investors in the case of the Trio Capital fraud for ushering clients into the scheme. On January 8th, the AAT affirmed the Australian Securities and Investments Commission ...

Trio victims condemn Astarra director jail release

LAURA MILLAN  |  FRIDAY, 24 JAN 2014
... Shawn Richard after two years and six months in prison. The organisation that represents the victims of the Trio Capital fraud have described the sentence as "light" and "pathetic." "A dole cheat in this country gets a heavier sentence than the perpetrator ...

Former Trio director provides enforceable undertaking

JAMES FERNYHOUGH  |  FRIDAY, 18 OCT 2013
A former director of Trio Capital, Kurt Groeneveld has provided the prudential regulator with an enforceable undertaking excluding him from acting as a superannuation trustee for three and a half years. The Australian Prudential Regulation Authority ...

Victims push for new Trio fraud inquiry

LAURA MILLAN  |  FRIDAY, 9 AUG 2013
The Victims of Financial Fraud (VOFF) are pushing for another inquiry on the Trio Capital fraud after the Parliamentary Joint Committee (PJC) failed to address the victims' main issues of concern. VOFF spokesperson Paul Matters told Financial Standard ...
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