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Showing 501 - 510 of 795 results for "Fraud"

Opposition and VOFF criticise response to Trio report

LAURA MILLAN  |  MONDAY, 29 APR 2013
The opposition and the Victims of Financial Fraud (VOFF) have criticised the government's response to the reports by the Parliamentary Joint Committee and Richard St. John on the collapse of Trio Capital. Shadow minister for Financial Services and Superannuation ...

ASIC winds up 3 fraudulent QLD financial services companies

LAURA MILLAN  |  MONDAY, 29 APR 2013
The Supreme Court of Queensland has ordered three financial services companies to be wound up after they defrauded approximately $1 million between May and October 2012. An Australian Securities and Investments Commission (ASIC) investigation discovered ...

ASIC steps up investigation into SMSF fraud

MARK SMITH  |  WEDNESDAY, 20 MAR 2013
The Australian Securities and Investment Commission has successfully obtained court orders to liquidate two Queensland-based self-managed super fund (SMSFs) advice business accused of misleading investors. Yesterday the Federal Court appointed Michael ...

ASIC slaps biggest fine ever

BEN COLLINS  |  FRIDAY, 22 FEB 2013
Financial services watchdog ASIC has handed out a record fine of $500k to a man who ran a $30 million scam targeting SMSFs. David Hobbs of Nelson, New Zealand, who was described as the "mastermind" behind more than a dozen unregistered offshore managed ...

CalPERS cry foul play, backs lawsuit

MICHELLE BALTAZAR  |  TUESDAY, 19 FEB 2013
... credit rating agency Standard & Poor's Rating Services. Early this month, the US Department of Justice sued the agency for fraud in relation to the rating of mortgage-backed securities in the years leading up to the GFC. "Many investors, financial analysts ...

VOFF slams MP response Trio Capital fraud

MARK SMITH  |  THURSDAY, 14 FEB 2013
Victims of Financial Fraud (VOFF) has criticised member for Thornsby Stephen Jones over his response to the Trio Capital fraud. Jones said in a WIN News interview on 11 February that he intends to present a Private Members Bill to Federal Parliament ...

Ex-drug dealers now hitting-up SMSFs: ACC

BEN COLLINS  |  THURSDAY, 14 FEB 2013
... national conference yesterday that criminal groups, mostly based in South East Asia, are running sophisticated investment fraud schemes aimed at robbing Australians' of their life savings. This is usually done by tricking them into buying securites such ...

Market Wrap AM

AAP  |  TUESDAY, 12 FEB 2013
... finance ministers met in Brussels after last week's EU budget deal. Supermarkets were in focus on Monday as a Europe-wide food fraud scandal over horsemeat sold as beef deepened over the weekend as Romania denied responsibility and suspicions of criminal ...

Keep chasing architects of Trio collapse: Agencies

BEN COLLINS  |  FRIDAY, 8 FEB 2013
... A joint parliamentary committee yesterday urged enforcement agencies to keep chasing the perpetrator of the Trio Capital Fraud. Some $176 million was lost or went missing following the collapse of Trio in late 2009 - the largest superannuation fraud ...

Trio Capital action group to put forward Federal Candidate

BEN COLLINS  |  TUESDAY, 22 JAN 2013
... New South Wales federal seat of Throsby as a result of its claims that the Gillard Government ignored victims of financial fraud. Victims of Financial Fraud (VOFF) convenor Paul Matters told Financial Standard that the group plans to put forward a candidate ...