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Showing 31 - 40 of 264 results for "scam"

ASIC warns of 'sharp rise' in financial misconduct

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
... obligations (36%), credit issues (15%) and other (10%). Further, ASIC found that 28% (or 2139 reports) of all reports were for scam related conduct. It added that, to June 30, it has shut down an average of 130 scam websites each week. Commenting, ASIC ...

Four men charged over sophisticated bond scam

MATTHEW WAI  |  FRIDAY, 8 AUG 2025
... laundering offences for allegedly using fake social media advertisement and investment comparison sites to help run a bond scam. ASIC alleges that between January and July 2021, Dimitrios (James) Podaridis, Peter Delis, Bassilios (Bill) Floropoulos ...

Investments, advice complaints jump 18%

KARREN VERGARA  |  WEDNESDAY, 23 JUL 2025
... year to 6164, while life insurance-related complains rose 5% year on year to 1518. One bright spot was the 45% decline in scam-related complaints to 5977. "Whilst any decline is positive and we welcome the progress made by government and industry to ...

ASIC bans investment scammer

KARREN VERGARA  |  WEDNESDAY, 23 JUL 2025
... Holdings, Matthew Allen Beresford, from working in financial services, after he was found guilty of running an investment scam. ASIC has also permanently banned Beresford from engaging in credit activities. Beresford's investors deposited some $374,000 ...

ASIC targets advisers, platforms, research houses in super switching scams

KARREN VERGARA  |  THURSDAY, 3 JUL 2025
ASIC warns it will take a deeper dive into the roles that financial advisers, superannuation platforms and research houses are playing in members being pushed into high-risk investment schemes. The corporate regulator is closely looking at the entire ...

$15m crypto scam costs former adviser 10 years

JAMIE WILLIAMSON  |  THURSDAY, 12 JUN 2025
A former financial adviser that redirected $14.8 million in client and family funds into a crypto scam has been banned for 10 years. Glenda Rogan of Wollongong and Sutherland Shire allegedly transferred at least $14.8 million of funds invested by clients ...

AFCA looks to expand jurisdiction over receiving banks in scams

MATTHEW WAI  |  TUESDAY, 20 MAY 2025
... consultation on a string of governance changes, with a key focus on expanding its jurisdiction to include receiving banks in scam complaints. Following an engagement with an external consultant, AFCA has proposed to introduce the ability to name uncomplying ...

Ascent Investment mastermind cops 33 criminal charges

KARREN VERGARA  |  MONDAY, 12 MAY 2025
... also received a complaint from a contributor to Ascent who expressed concerns that Dunjey was operating a Ponzi scheme or a scam as early as 2017. The criminal matter has been adjourned to July 4. This matter is being prosecuted by the Commonwealth Director ...

What Labor's second term means for regulators

KARREN VERGARA  |  TUESDAY, 6 MAY 2025
Labor winning a second term means numerous reforms that fell through the cracks in the lead up to the federal election will potentially see the finish line more seamlessly compared to another party taking power, according to ASIC. Meanwhile, APRA said ...

New ACCC chief named

ELIZA BAVIN  |  TUESDAY, 6 MAY 2025
... gas as well as the 2023 Childcare Inquiry. Proudfoot was appointed executive general manager of the ACCC's National Anti-Scam Centre in August 2024 and has been acting chief executive since February 2025. "During her career Sarah has consistently demonstrated ...