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Showing 271 - 280 of 343 results for "Crime"

Insider trading gets former J.P. Morgan staffer jail

BEN COLLINS  |  THURSDAY, 6 DEC 2012
... that his father was criminally involved. In March 2012, Levi forfeited $24,280.28 to the Commonwealth under the Proceeds of Crime Act 2002. This was the net post-tax benefits derived from the trading Levi conducted. "Industry insiders have important ...

Highly educated SMSF investors prime fraud targets

MELANIE TIMBRELL  |  TUESDAY, 10 JUL 2012
... according to a new report from the ACC. Minister of Justice Jason Clare yesterday released the joint report from the Australian Crime Commission (ACC) and the Australian Institute of Criminology (AIC) warning of the sophisticated nature of investment ...

Australian instos exposed to AML risks

ALEX DUNNIN  |  TUESDAY, 3 JUL 2012
... investors are more exposed to anti-money laundering risks than they realise. These risks don't just mean from organised crime, the usual culprit when talking about money laundering, but handling geo-political risks and especially ensuring investments ...

Barclays fined $A451 million

BEN COLLINS  |  THURSDAY, 28 JUN 2012
... financial markets, the UK Financial Services Authority (FSA) said. The FSA's acting director of enforcement and financial crime, Tracey McDermott, said Barclays' misconduct had been "serious, widespread and extended over a number of years." The FSA said ...

Ponzi scheme operators plead guilty

LINDA HAUSKEN  |  TUESDAY, 12 JUN 2012
Brian Wood and Jimmy Truong have pleaded guilty in the Downing Centre Local Court, in Sydney, to operating a Ponzi scheme called the Integrity Plus Fund. According to ASIC, between December 2004 and December 2007 the Integrity Plus scheme raised in ...

Trio: ASIC evidence insufficient to prosecute Flader

LINDA HAUSKEN  |  WEDNESDAY, 6 JUN 2012
... it will continue to provide relevant information relating to Flader to the Australian Federal Police and the Australian Crime Commission. To date ASIC has taken regulatory action on Trio against a range of gatekeepers. According to ASIC, more than 10 ...

Financial adviser sentenced on fraud charges

LINDA HAUSKEN  |  WEDNESDAY, 23 MAY 2012
... under the legislation and further advised Hobson he would be re-sentenced to full time imprisonment should he commit any crime in that five year period. Hobson has been banned permanently from providing financial services as a result of his convictio ...

ASIC, ACC crack investment scam

ELISE BURGESS  |  WEDNESDAY, 14 DEC 2011
... name of West Trade or Atlas Lead Generation. A joint operation between the Queensland Police Service (QPS), the Australian Crime Commission (ACC) and the Australian Securities and Investments Commission (ASIC) with assistance from the Australian Federal ...

Gold Coast scam sees 20 investors lose $250,000

CLAIRE MCGREAL  |  MONDAY, 28 NOV 2011
... court's injunctive orders have frozen approximately $38,000 of the remaining funds. Queensland police and the Australian Crime Commission have been helping ASIC with their inquiries, and are continuing to investigate a number of similar investment scams. ...

Adviser charged with fraud

ELISE BURGESS  |  THURSDAY, 10 NOV 2011
A former senior adviser at Sydney firm, Noall & Co, faced charges of fraud in court this week following an ASIC investigation. James Patrick Hobson, a senior financial adviser, faced Downing Centre Local Court for allegations that he defrauded four ...