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Showing 501 - 510 of 792 results for "fraud"

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 ...

Adviser permanently banned after eight year fraud

ALEX DUNNIN  |  WEDNESDAY, 5 DEC 2012
ASIC yesterday obtained court orders permanently banning a financial adviser after the NSW Supreme Court found she defrauded clients of more than $3.6 million over eight years. According to a statement from ASIC, the Court ruled that Melinda Scott would ...

Paper bank statements ignored by UK consumers

ALEX DUNNIN  |  TUESDAY, 30 OCT 2012
... fund statements in Australia are still predominatly delivered by paper statements, a phenominon that makes superannuation fraud such an attractive area for criminal activity. Illustrating how financial service firms are trying to respond to fraud concerns ...

New hedge fund rules for post-GFC environment

MELANIE TIMBRELL  |  WEDNESDAY, 19 SEP 2012
... are valued, the fund's structure and the risks involved to better protect investors following recent high-profile cases of fraud. Addressing the Australian Hedge Fund Forum yesterday, ASIC commissioner Greg Tanzer said the rules had been strongly influenced ...