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Showing 31 - 38 of 38 results for "Investment scam"

Trillion dollar super industry attractive to organised criminals

DARREN SNYDER  |  MONDAY, 1 JUN 2015
The Australian Crime Commission believes Stronger Super reforms implemented from 2013 have reduced illegal early release schemes run through self-managed superannuation funds (SMSFs). In its latest report, Organised Crime in Australia 2015, the commission ...

ASIC uncovers investment scam

LINDA HAUSKEN  |  FRIDAY, 6 JUL 2012
The Australian Securities & Investments Commission has obtained court orders against the operators of a Gold Coast based unlicensed financial services business, following an investigation that resulted in 37 investors losing approximately $680,000. ...

ASIC charges against new wave of boiler room scams

ELISE BURGESS  |  MONDAY, 6 FEB 2012
ASIC has warned of the rising number of 'boiler room' investment scams after obtaining Supreme Court orders against one financial planning firm accused of defrauding 36 investors in excess of $350,000. Unlicensed financial planning business, Golden ...

ASIC, ACC crack investment scam

ELISE BURGESS  |  WEDNESDAY, 14 DEC 2011
A task force between police, ACC and ASIC has closed in on an investment scam in QLD which has been coercing investments from consumers under a company name of West Trade or Atlas Lead Generation. A joint operation between the Queensland Police Service ...

Gold Coast scam sees 20 investors lose $250,000

CLAIRE MCGREAL  |  MONDAY, 28 NOV 2011
ASIC has obtained continued interim court orders against a Gold Coast unlicensed financial services firm in the wake of a scam that has so far seen investors lose around $250,000. The injunctions restrain Golden Sparrow Pty Ltd, GS Contracting Pty Ltd ...

Thirst for financial literacy on view

ALISON BEVEGE  |  WEDNESDAY, 25 MAY 2011
More than 250,000 people have gone to the Government's MoneySmart financial literacy website since it was launched in March, showing a strong appetite among consumers for more information about their money, the Federal Government said today. It features ...

Government launches taskforce to educate consumers about finance

AAP  |  TUESDAY, 24 FEB 2004
Assistant Treasurer Helen Coonan has announced a government taskforce to develop a national plan to tackle financial illiteracy among consumers. Chaired by finance commentator Paul Clitheroe, the taskforce for the National Strategy for Consumer and ...

ASIC warns investors against illegal cold calling scams

The Australian Securities and Investments Commission (ASIC) today warned that illegal international 'cold callers' are renewing attempts to swindle Australian investors. "As overseas markets have recovered, ASIC is receiving increasing public complaints ...
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