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Showing 31 - 40 of 45 results for %22Trio Fraud%22

FOFA misses the mark on investment fraud

RACHEL DAVIS  |  FRIDAY, 18 MAY 2012
A finance industry lawyer has warned that the FOFA regulations will not prevent Trio, Storm and Westpoint-type disasters from occuring in the future. "There has been no real change to rules making early detection and pre-emptive enforcement easier against ...

PJC blasts Trio follow-up

MELANIE TIMBRELL  |  WEDNESDAY, 16 MAY 2012
... Services has expressed strong concern over lack of follow-up from regulators and criminal authorities in the wake of the Trio Capital collapse. In the report on the largest superannuation fraud in Australian history, costing investors $176 million in ...

Trio super victims receive compensation

CLAIRE MCGREAL  |  WEDNESDAY, 8 FEB 2012
... set to be pumped into the super accounts of over 5,000 people whose retirement savings were defrauded in the collapse of Trio Capital from today. The government is granting the financial assistance to members of four APRA regulated funds, including the ...

APRA accepts EU from former Trio director

CLAIRE MCGREAL  |  FRIDAY, 4 NOV 2011
The Australian Prudential Regulation Authority has accepted an enforceable undertaking from the remaining Trio Capital director David O'Bryen. Under the terms, O'Bryen will not act as a trustee or as a responsible officer of a body corporate that is ...

SPAA calls for fraud net to be cast wider

MATT WOODINGTON  |  TUESDAY, 9 AUG 2011
... product providers. SPAA is urging broader reforms around insurance and compensation measures following the recent collapse of Trio Capital, which saw investors, some of which were self managed super funds, unable to access compensation. The last resort ...

Astarra director convicted by NSW Supreme Court

ALISON BEVEGE  |  MONDAY, 25 JUL 2011
... Justice Peter Garling convicted the 36-year-old Canadian-born investment manager of two counts of dishonest conduct over the Trio Capital fraud. Investors lost $180 million from two investment funds managed by Trio Capita, namely Astarra Strategic and ...

Advisory firm directors may challenge ASIC ban

ALISON BEVEGE  |  THURSDAY, 7 JUL 2011
... are considering a legal challenge to a three-year ASIC ban imposed after clients lost money in funds associated with the Trio Capital superannuation fund fraud. ASIC said on Tuesday it was holding financial advisers to account as gatekeepers over the ...

Burned investors drink bitter cup: ASIC

ALISON BEVEGE  |  FRIDAY, 20 MAY 2011
... court action can be difficult, costly and time-consuming for victims of fraud, such as those burnt by superannuation fund Trio. "In situations of fraud and theft, often they (the perpetrators) shoot through so you can't effectively take court action. ...

Deadline tonight for Trio levy submissions

ALISON BEVEGE  |  MONDAY, 16 MAY 2011
... superannuation funds to have their say on regulations governing the levy to raise $55 million in compensation for victims of the Trio Capital fraud. With the impost worked out as a percentage of funds under management and capped at $500,000, some industry ...

Trio compo draft regulations released

ALISON BEVEGE  |  TUESDAY, 10 MAY 2011
... until next Monday to have their say on regulations governing the levy to raise $55 million in compensation for victims of the Trio Capital fraud. Funds will be exposed to a maximum impost of $500,000 down to a minimum of $50 in the draft regulations ...