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Showing 271 - 280 of 813 results for "Fraud"

ATO cracks down on ERS misuse

ELIZA BAVIN  |  MONDAY, 22 JUN 2020
The Australian Taxation Office (ATO) has cracked down on those misusing the Early Release of Superannuation scheme in a move that has been welcomed by the Industry Super Australia (ISA). The ATO said it is beefing up enforcement efforts saying it is ...

Investment scams pry $126m from Aussie hands

ALLY SELBY  |  MONDAY, 22 JUN 2020
... report found that investment ($126 million) and dating scams ($83 million) were the second and third most common method of fraud in the country. "Unfortunately it is another year with devastatingly high losses, and scammers are constantly finding new ...

Judgement delivered in binary options fraud

ALLY SELBY  |  FRIDAY, 19 JUN 2020
The Federal Court of Australia has slapped a trading company with a $1.8 million fine, while two people have been barred from financial services for their involvement in the fraudulent binary options scheme. The judgement comes following findings made ...

SEC charges COVID-19 microcap scammers

ALLY SELBY  |  FRIDAY, 12 JUN 2020
Five people and six offshore entities have been charged over an alleged fraudulent scheme which sought to capitalise on the COVID-19 pandemic through the illegal sale of microcap stocks. The US Securities and Exchange Commission allege the scheme, boosted ...

COVID-19 inspires pump and dump scheme

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUN 2020
... services related to COVID-19." The SEC encouraged consumers to research pump and dump scams and the warning signs of investment fraud. In April 2020, the SEC issued a special alert to "main street investors" warning them of scammers looking to profit ...

Aussie financial firms struggle to manage risk: Study

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... that have been registered globally to support a wide array of malicious activity, including credential harvesting, carding fraud and malware installation," he said. While these technologies may present risks to organisations, they can also improve the ...

Raiz Super bleeds red

ALLY SELBY  |  WEDNESDAY, 3 JUN 2020
... drawdown on their savings. It comes as superannuation consolidation tool SuperMatch is suspended by the ATO and APRA over fresh fraud fears. In a Senate hearing last week on COVID-19, APRA deputy chair Helen Rowell confirmed that the regulator had identified ...

TPB cracks down on 74 tax practitioners

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
The Tax Practitioners Board has found 74 tax practitioners to be engaging in "concerning behaviour", including using fraudulent SMSF Auditor Numbers (SANs). In 2019, the ATO started a compliance campaign that involved reviewing SMSF annual returns. ...

From fines to prosecution: The penalties are in

ELIZA BAVIN  |  THURSDAY, 21 MAY 2020
... applications to super funds for two business days in early May so the Australian Federal Police could investigate cases of fraud. Deputy Treasurer Michael Sukkar had confirmed the AFP was investigating cases of identity theft and emphasised the ATO had ...

Warren Buffett allegedly conned by German company

KANIKA SOOD  |  THURSDAY, 21 MAY 2020
... to The Guardian. The newspaper also reports that a German state prosecutor is investigating Wilhelm Schultz for suspected fraud for forging and falsifying documents.