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Showing 521 - 530 of 796 results for "Fraud"

Regulators on post-Trio watch

BEN COLLINS  |  THURSDAY, 2 AUG 2012
Australia's corporate watchdog said it has learnt some lessons in the wake of the Trio fraud, and plans to be more proactive. While admitting that the Australian Securities & Investments Commission (ASIC) could never guarantee that a similar scenario ...

Highly educated SMSF investors prime fraud targets

MELANIE TIMBRELL  |  TUESDAY, 10 JUL 2012
... 50, highly educated, financially literate and managing their own super are the most likely victims of organised investment fraud, according to a new report from the ACC. Minister of Justice Jason Clare yesterday released the joint report from the Australian ...

ASIC uncovers investment scam

LINDA HAUSKEN  |  FRIDAY, 6 JUL 2012
... have been appointed liquidators of the companies. The corporate watchdog said it urges consumers to be alert to investment fraud, having seen an increase in cold-calling activity across Australia.

Trio fraud victims demand compensation

ALEX DUNNIN  |  THURSDAY, 5 JUL 2012
A group of Trio fraud victims is meeting with Bill Shorten, minister for superannuation and financial services, to demand that they be compensated for their losses just as members of regular super funds were compensated. John Telford, secretary of the ...

110 years prison for ex-SIB chief

BEN COLLINS  |  THURSDAY, 21 JUN 2012
... Chairman of Stanford International Bank has been sentenced to 110 years imprisonment in the US for orchestrating a 20-year fraud scheme in which he misappropriated $7 billion. Evidence showed that Allan Stanford, who owned Stanford International bank ...

SMSF Trustees want compensation: SPAA

BEN COLLINS  |  THURSDAY, 21 JUN 2012
... Australia has rejected calls for a levy to be imposed on SMSF trustees to fund a compensation scheme. In the wake of the Trio fraud there has been a misconception as to what the legal standing of SMSFs is when frauds occur, said Andrea Slattery, chief ...

ASIC warns against fake investment group

LINDA HAUSKEN  |  TUESDAY, 12 JUN 2012
... said Tanzer. This alert follows ASIC and State and Territory police services urging consumers to be alert to investment fraud, having seen an increase in cold-calling activity across Australia.

Ponzi scheme operators plead guilty

LINDA HAUSKEN  |  TUESDAY, 12 JUN 2012
Brian Wood and Jimmy Truong have pleaded guilty in the Downing Centre Local Court, in Sydney, to operating a Ponzi scheme called the Integrity Plus Fund. According to ASIC, between December 2004 and December 2007 the Integrity Plus scheme raised in ...

Trio investor secures damages from adviser

BEN COLLINS  |  FRIDAY, 8 JUN 2012
... NSW woman has successfully claimed damages from her former financial adviser, after losing substantial savings in the Trio fraud. Wollongong-based legal firm RMB Lawyers told the ABC it has been representing the woman, who has a terminal illness and ...

FSS responds to Privacy Commissioner's Report

RACHEL DAVIS  |  FRIDAY, 8 JUN 2012
The trustee of First State Super has responded to the Privacy Commissioner's report into a data security breach last year, when a member was able to download the details of nearly 600 other members. Patrick Webster, First State Super (FSS) member, ex-NSW ...