Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 191 - 200 of 804 results for "Fraud"

Allianz subsidiary, former portfolio managers charged over massive fraud

JAMIE WILLIAMSON  |  WEDNESDAY, 18 MAY 2022
... and three of its former portfolio managers have been charged by the US regulator over a multi-billion-dollar securities fraud sold to pension funds that went on for more than four years. The Securities and Exchange Commission charged Allianz Global Investors ...

Charges laid in lengthy ASIC investigation

JAMIE WILLIAMSON  |  MONDAY, 16 MAY 2022
A former financial adviser who was permanently banned in 2016 for using close to $2 million in client funds for his own use has now been charged with 17 offences related to the alleged fraudulent transfer of shares to himself. Ashley Howard of Hobart ...

Macquarie responds to term deposit scam

CHLOE WALKER  |  THURSDAY, 28 APR 2022
... authorities, including the Australian Federal Police. "The banking industry has seen a significant increase in scams and fraud in recent years, and unfortunately the impact of these scams can be absolutely devastating for victims like Ms Du Preez." Macquarie ...

Caddick's husband chases payday

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 APR 2022
The former hairdresser husband of missing, presumed deceased, fraudster Melissa Caddick is continuing to pursue a stake of the wealth Caddick dishonestly amassed - despite ASIC attempting to claw back funds for victims. Anthony Koletti has been married ...

ASIC takes Federal Court action against Macquarie Bank

ANDREW MCKEAN  |  TUESDAY, 5 APR 2022
... said that limited monitoring by Macquarie of transactions made through its bulk transaction system didn't pass through a fraud monitoring system. It was also alleged that there weren't manual checks to confirm that transactions were for fees. According ...

Border rule-breaking former adviser banned

JAMIE WILLIAMSON  |  TUESDAY, 5 APR 2022
... was convicted of failing to comply with a direction under the Emergency Management Act 2005 and of gaining a benefit by fraud in contravention of the Criminal Code WA. Babbage was sentenced to 10 months jail by the Perth Magistrates Court. At the time ...

Scammers prey on lonely hearts

ELIZABETH MCARTHUR  |  MONDAY, 14 FEB 2022
... when scammers provide constant excuses as to why they cannot meet in person or use the video function." Westpac head of fraud Ben Young encouraged those dating online or meeting people through social media to discuss new relationships with friends and ...

More work needed to end financial abuse

ELIZABETH MCARTHUR  |  MONDAY, 17 JAN 2022
As the federal government released its draft plan to end violence against women and children, the superannuation industry is calling for action on financial abuse and control. The Australian Institute of Superannuation Trustees (AIST) chief executive ...

Courtenay House director faces court for alleged fraud offences

CHLOE WALKER  |  WEDNESDAY, 1 DEC 2021
ASIC brings criminal charges against former Courtenay House director and contractor for an alleged $196 million Ponzi scheme. Tony Iervasi and Athan Papoulias have today appeared in the Downing Centre Local Court charged with criminal offences for their ...

ASIC sues ANZ over home loan referrals

CHLOE WALKER  |  FRIDAY, 26 NOV 2021
ASIC has commenced proceedings in the Federal Court against ANZ for breaches of the Credit Act arising from referrals through its home loan 'introducer program' and from unlicensed individuals outside the introducer program. The program involved ...