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Showing 311 - 320 of 351 results for "Crime"

FBI sting catches $2.4bn mortgage fraud

The US Department of Justice and Federal Bureau of Investigation (FBI) swooped down Wall Street after charging more than 400 individuals for mortgage-related fraud and booked two ex-Bear Stearns hedge fund managers with conspiracy and securities fraud. ...

Algos trap rogue traders

RUTH LIEW  |  THURSDAY, 17 APR 2008
... orders and developing investment strategies - but the technology is now gaining traction as a way to catch white collar crime. According to John Bates, founder and general manager of Progress Software's Apama division, algorithmic trading has taken the ...

Doja faces jail time

RUTH LIEW  |  MONDAY, 31 MAR 2008
Former Sydney financial adviser Tunde Doja was last Friday sentenced to a minimum of three years and eight months imprisonment in the Sydney District Court following an investigation by the Australian Securities and Investments Commission (ASIC) into ...

Web 2 social networking websites under attack

MICHAEL HOBBS  |  THURSDAY, 7 FEB 2008
... trust of their participants." Obluk said while government authorities are enforcing tougher penalties on Internet or virus crime, it was unlikely to deter cyber criminals. "There's little reason for us to believe that laws against criminal behaviour ...

Streetwise $26m fraudster awaits sentence

Ten months after his arrest in the US, disgraced Streetwise property developer Kovelan Bangaru has finally appeared in court last week to face charges of misappropriating more than $26 million in investor funds. Bangaru pleaded guilty to 11 offences ...

ASIC charges Fundamental adviser

MICHAEL HOBBS  |  THURSDAY, 31 JAN 2008
... relating to the value of their investments over a 14 month period. The Rose Bay adviser also faces two charges under the NSW Crime Act for making "false instruments regarding the buying and selling of share contract notes" for an investor. Braun is scheduled ...

Biometrics to curb ID theft

... surveyed were positive overall about the benefits of biometrics in tackling ID fraud. "Identity theft is a rapidly growing crime and improvements in the fight against it will resonate with a lot of people," said Best. Stamping out ID theft is on the ...

Super funds hunting grounds for criminals

Super funds are increasingly becoming the target of organised crime and white-collar fraudsters, according to Peter Morris, director of KPMG Forensic. Speaking at the Conference of Major Superannuation Funds (CMSF), Morris said super funds are becoming ...

Mortgage broker faces trial on 21 charges

HAMISH MADDEN  |  THURSDAY, 8 MAR 2007
A Victorian mortgage broker will face trial on 21 theft and deception charges relating to $600,000 he allegedly illegally obtained from clients. Former mortgage broker Michael Cay of Victoria was committed to trial by the Melbourne Magistrates Court ...

Daily economic round-up

PETER BELL  |  TUESDAY, 6 MAR 2007
... commercial ideas that are being stolen from them by Chinese operators. Despite a commitment to crack down on this form of crime the Chinese government does not have a good record on this front. The Australian Industry Group has released its Performance ...