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Showing 321 - 330 of 817 results for "fraud"

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 ...

Rural FM dupes investors: Short-seller

KARREN VERGARA  |  FRIDAY, 9 AUG 2019
... Bonitas said. "We have been in this business a long time, and remind readers that not once has there been a public market fraud that didn't trick an auditor into signing off on its historical reported financial statements," it said. RFF's shares ...

Former adviser cops 20-year prison sentence

JAMIE WILLIAMSON  |  FRIDAY, 2 AUG 2019
... relating to a $29.3 million (US$20 million) Ponzi scheme. In October 2018, Bennett was found guilty of conspiracy, securities fraud, wire fraud, bank fraud and making false statements on a loan application. According to trial testimony, Bennett defrauded ...

350 tax practitioners under investigation

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 JUL 2019
The Tax Practitioners Board revealed 350 tax practitioners are currently under investigation for high risk behaviour. Those high risk behaviours include failing to meet personal tax obligations, over-claiming work-related expenses on behalf of clients ...

Politicians dishonest about fraud: VOFF

HARRISON WORLEY  |  MONDAY, 15 JUL 2019
Victims of Financial Fraud (VOFF) hit out at the Labor Party's treatment of the Trio fraud, claiming Australian politicians are "dishonest" when it comes to handling fraud conduct. In an open letter to Labor's newly minted Shadow Assistant Treasurer ...

Financial scams smash Australia

HARRISON WORLEY  |  TUESDAY, 2 JUL 2019
... shows financial scams are hitting Australia harder than both the US and UK. The consulting giant's inaugural Global Banking Fraud survey found Australia suffered a disproportionately high volume of financial scam attempts in 2018, with around half a ...

APRA tighten reins on super fund acquisitions

KARREN VERGARA  |  TUESDAY, 25 JUN 2019
... door" without meeting a stringent approval process. "These concerns were heightened after this loophole contributed to the fraud that precipitated the collapse of Trio Capital in 2009. The closure of this legislative gap will ensure anyone seeking to ...

TelstraSuper names chief risk officer

KARREN VERGARA  |  WEDNESDAY, 29 MAY 2019
... management experience includes working in organisations such as UniSuper, MLC and AMP. Risk, compliance, operations, governance, fraud and security are some of Taylor's area of expertise. Chief executive Chris Davies said: "We're pleased to appoint ...

Former Beacon adviser banned

KANIKA SOOD  |  FRIDAY, 24 MAY 2019
... reasons that include: failing to comply with licensee obligations; cancellation or suspension of person's AFSL; conviction for fraud; or ASIC believing the person in not of good fame of character. It also covers the instance or likelihood of a person ...

ASIC bans adviser over super theft

ELIZABETH MCARTHUR  |  THURSDAY, 23 MAY 2019
ASIC has banned a financial adviser who stole clients' superannuation savings. Daniel McSweeny was banned from managing companies for five years after ASIC determined he disregarded his duties as a director. Last year he was charged with 20 dishonesty ...