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Showing 21 - 30 of 98 results for "Financial Advantage"

Ponzi schemer succeeds at appeal

ELIZABETH MCARTHUR  |  FRIDAY, 12 FEB 2021
... Collingwood Football Club to hand over their life savings. Now, Douglas Johnston has had three counts of obtaining financial advantage by deception overturned at the Victorian Court of Criminal Appeal, but the court upheld six counts of the same charge. ...

ASIC takes Linchpin, Endeavour directors to court

ELIZABETH MCARTHUR  |  TUESDAY, 15 SEP 2020
... regulator alleges Daly and Raftery made improper use of their positions as officers of Endeavour to gain a financial advantage for themselves. ASIC is seeking declarations of breaches of the Corporations Act, the imposition of civil penalties and for ...

Nowra man lies to ASIC, jailed

ELIZABETH MCARTHUR  |  MONDAY, 17 FEB 2020
... delivering Merity's sentence, Judge Blackmore was satisfied beyond reasonable doubt that Merity was motivated by financial advantage. He noted that the offending involved cynical and deliberate preparation. The judge stated that it was "difficult to ...

Former NAB adviser sentenced

HARRISON WORLEY  |  TUESDAY, 8 OCT 2019
... to be served through an intensive corrections order, after Eung pleaded guilty to two offences of obtaining financial advantage by deception to the tune of more than $160,000. Between March and December 2016, the former NAB adviser netted $166,500 from ...

Couple faces prison over ponzi-style scam

ELIZABETH MCARTHUR  |  FRIDAY, 10 MAY 2019
... Crown Casino in Melbourne and paying off her credit card debt. Maureen Johnston pleaded guilty to obtaining financial advantage by deception totalling $1,027,000. The victims of her investment scam also met the Johnstons through the Collingwood football ...

Former AMP adviser pleads guilty

JAMIE WILLIAMSON  |  WEDNESDAY, 8 MAY 2019
... with 21 counts of dishonestly obtaining client funds and five counts of using false documents to obtain a financial advantage. It was alleged that between May 2013 and April 2015 Martin falsified documents to make it appear as though the money had been ...

Former NAB adviser charged

JAMIE WILLIAMSON  |  TUESDAY, 23 APR 2019
... investigation by ASIC. Max Kiattisak Eung of Tempe, New South Wales was charged with two offences of obtaining financial advantage by deception. It is alleged that between March 2016 and December 2016 Eung netted $166,500 from accounts held with MLC ...

Grandfathered commissions to be banned

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
... time to ignore the ghostly apparition of constitutional challenge conjured forth by those who, for their own financial advantage, oppose change that will free advice about, or recommendation of, financial products from the influence of the adviser's ...

MGP responds to Henderson's RC hearing

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... being a material holding...I certainly didn't need to own those shares in such a way that I was looking for a financial advantage," he said. MGP chief executive David Heather told Financial Standard : "Mr Henderson invested in the listed entity in cash ...

ASIC hits former NAB adviser with permanent ban

ALEX BURKE  |  WEDNESDAY, 18 APR 2018
... dishonestly obtaining client funds. He was also charged with five counts of using false documents to obtain a financial advantage. Between June 2011 and April 2015, Martin obtained about $208,000 via advising clients of investment opportunities; telling ...