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Showing 31 - 40 of 245 results for "Victims"

Melissa Caddick's multimillion dollar mansion to hit the market

CASSANDRA BALDINI  |  FRIDAY, 1 JUL 2022
The liquidators in charge of recovering money on behalf of Melissa Caddick's victims are hoping to sell the house in the coming weeks. Principal of Sydney Sotheby's International Realty Michael Pallier has been picked by Jones Partners to sell ...

Retirement Income Covenant a win for advisers - but for how long?

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
... retirement products by super funds and simplifies the decision-making process for retiring members, Dunnin says the real victims could be financial advisers. "If this comes to pass and setting up retirement products is easier because retirement products ...

Allianz subsidiary, former portfolio managers charged over massive fraud

JAMIE WILLIAMSON  |  WEDNESDAY, 18 MAY 2022
... case once again demonstrates that even the most sophisticated institutional investors, like pension funds, can become victims of wrongdoing. Unfortunately, we've seen a recent string of cases in which derivatives and complex products have harmed ...

Macquarie responds to term deposit scam

CHLOE WALKER  |  THURSDAY, 28 APR 2022
... increase in scams and fraud in recent years, and unfortunately the impact of these scams can be absolutely devastating for victims like Ms Du Preez." Macquarie also said it is in contact with the woman's banks to help recover the funds, despite not actually ...

Caddick's husband chases payday

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 APR 2022
... continuing to pursue a stake of the wealth Caddick dishonestly amassed - despite ASIC attempting to claw back funds for victims. Anthony Koletti has been married to Caddick since 2013. He is now staking a claim on the pool of marital assets - including ...

CSLR will not fully protect investors

KARREN VERGARA  |  WEDNESDAY, 16 FEB 2022
... push for expanding the CSLR's jurisdiction to reflect the remit of the Australian Financial Complaints Authority. "Victims of financial misconduct who have received a determination from AFCA deserve access to compensation if their determination goes ...

Scammers prey on lonely hearts

ELIZABETH MCARTHUR  |  MONDAY, 14 FEB 2022
... 2022. And losses to scams are likely to be much higher than reported to Scamwatch, as research shows that of all scam victims only around 13% report to Scamwatch. Westpac's research on love scams showed its customers alone lost $11.4 million in 2021 ...

AMIST criticised for SPC investment

ELIZABETH MCARTHUR  |  THURSDAY, 10 FEB 2022
... action, claiming Shahin Enterprises is guilty of wage theft which could amount to $70 million. In an open letter, the OTR victims called on AMIST to reconsider its partnership with Peregrine in the SPC investment. "Peregrine Corporation and its company ...

Backlash after 'unprecedented' ASIC action against Westpac

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
... Slater and Gordon practice group leader Andrew Paull said if the bank was 'walking the talk' they would remediate the victims of what Paull refers to as junk insurance. "Customers who trusted the big banks were ripped off and continue to be out of pocket ...

Plaintiff seeks to ring fence Dixon penalty

KARREN VERGARA  |  THURSDAY, 25 NOV 2021
... important application did not proceed today. The intent of the provision is to ensure that facilitating compensation for victims is given preference over the payment of penalties, if there is a risk that a defendant cannot do both." He added that law ...