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Showing 301 - 310 of 806 results for "Fraud"

Former NAB, Infocus advisers banned

ALLY SELBY  |  MONDAY, 2 DEC 2019
... prior criminal charges when applying as a representative of Infocus Securities Australia. Williams had been charged with fraud and stealing under the Queensland Criminal Code. ASIC said that by "failing to disclose this information to Infocus and the ...

Tropical theme Ponzi scheme busted

ELIZA BAVIN  |  FRIDAY, 22 NOV 2019
... emergency action is intended to protect prospective investors from future harm by halting what we allege is a brazen ongoing fraud that targeted many senior citizens and small business owners," said Carolyn Welshhans, associate director in the SEC's ...

Adviser scammed family, friends

ELIZABETH MCARTHUR  |  FRIDAY, 8 NOV 2019
... to pay old investors and issuing false account statements showing investment gains. On top of that, Pierre financed the fraud by using money that he embezzled from a former employer to make interest payments to investors. "We allege that Pierre's ...

Former PIMCO chief guilty in admissions scandal

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 OCT 2019
... Singer's business and $125,000 to Singer's sham charity. Hodge is charged with conspiracy to commit mail and wire fraud and honest services mail and wire fraud provides which carries a maximum 20 year prison sentence. He is also charged with ...

ASIC bans former Fitzpatricks employee

ELIZA BAVIN  |  MONDAY, 28 OCT 2019
... provided administration services from a company related to Fitzpatricks from 2011 to 2018. ASIC said the woman was convicted of fraud in April this year after the court found that she had used her own banking security token and a second banking token ...

SMSF scheme sees creator jailed

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
A 51-year-old was found to have unlawfully created, operated and benefitted from a fraudulent self-managed superannuation fund. Kent Nguyen was sentence to three years in prison after pleading guilty to orchestrating an illegal early release of a superannuation ...

Major super funds caught in fraud scandal

ELIZA BAVIN, JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2019
Several of Australia's largest superannuation funds were targeted by an online fraud syndicate which siphoned millions from share-trading and super accounts. A Melbourne woman appeared in court yesterday after allegedly taking part in an online ...

NAB launches team for vulnerable customers

KRISTI CHENG  |  TUESDAY, 17 SEP 2019
... vulnerability. Called the NAB Customer Support Hub, its aim is to help detect the early stages of financial hardship, such as scam, fraud, domestic and family violence, elder abuse, low financial literacy and gambling addiction, NAB said. "We want to ...

Adviser cops 262 month jail sentence

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2019
... after he defrauded his own family out of millions. Treyton Lee Thomas has been sentenced to 262 months in prison for wire fraud and 60 months for tax evasion to run concurrently, as stated by the US Attorney for the eastern district of North Carolina. ...

Advice firm defrauds retired NFL players

JAMIE WILLIAMSON  |  TUESDAY, 3 SEP 2019
... addition, the regulator pointed out that Reinhard had been previously banned by the SEC as well as jailed for bankruptcy and tax fraud. He had also been barred by the SEC from ever again working for an advice firm. "We allege that Cambridge, Howard and ...