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Showing 281 - 290 of 806 results for "Fraud"

AFP investigates ERS scams

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
The Australian Federal Police are investigating a small number of scams in relation to the government's Early Release of Super scheme. The Australian Taxation Office said measures designed to protect the integrity of the early access to super scheme ...

Super funds release $1.3bn

ELIZA BAVIN  |  MONDAY, 4 MAY 2020
... days, however, recognises it may not be practicable in all cases. Rowell said processes may be slower as trustees conduct fraud checks, and fulfil their legal obligation to look out for the best interests of all fund members. "APRA is closely monitoring ...

ERS can be drawn from multiple funds: ATO

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... process will mean that for the majority of applications it will be reasonable for RSE licensees to depart from their usual fraud control measures in order to ensure payments are made to members as soon as practicable. "

Super scammers pose as authorities

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
The scattergun approach of fraudsters looking to cash in on the early release of unaware Aussie's super has backfired, with one scammer copping an earful from a financial planner he tried to swindle. Fraudsters are posing as agents from superannuation ...

Super funds raise scam concerns

HARRISON WORLEY  |  THURSDAY, 26 MAR 2020
... members gain early access to their superannuation savings to help them through the economic crisis brought about by COVID-19. "Fraud attempts based on the provision to access super early have already started to emerge," Intrust Super said. "Fraudsters ...

Industry funds face reality of COVID-19 shutdown

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 MAR 2020
... administrators to implement. There is also a real and heightened level of risk around this early release scheme arising from identity fraud." While many retail stores currently remain open the impact of COVID-19 on the sector means Rest members are also ...

Former Toys "R" Us executives face fraud charges

ALLY SELBY  |  MONDAY, 16 MAR 2020
Former executives of the popular children's store lined their pockets with $26 million (US$16 million) in bonuses just days before filing for bankruptcy, including a $4.2 million (US$2.6 million) bonus awarded to chief executive David Brandon. This ...

Florida fraudster swindles investors out of $60 million

ALLY SELBY  |  WEDNESDAY, 11 MAR 2020
A Florida-based investment adviser scammed at least 30 investors out of $60 million (US$39 million), and put the funds straight into his own pocket. The Securities and Exchange Commission has frozen assets and obtained other emergency relief against ...

Wells Fargo coughs up $4.5 billion

ALLY SELBY  |  MONDAY, 24 FEB 2020
... sales goals and accompanying management pressure led thousands of its employees to engage in unlawful conduct - including fraud, identity theft and the falsification of bank records - and unethical practices to sell product of no or little value to the ...

Tax chiefs crack down on tax evasion

ELIZA BAVIN  |  FRIDAY, 21 FEB 2020
... strategic response to focus on those areas that cause the most impact," Day said. Simon York, chief and director of HMRC's Fraud Investigation Service said the introduction of automatic exchange of financial information between countries, registers of ...