Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 531 - 540 of 808 results for "Fraud"

Barclays announces new CEO amid new investigation

MELANIE TIMBRELL  |  FRIDAY, 31 AUG 2012
... head of retail and business banking Anthony Jenkins new chief executive, just one day after the announcement the Serious Fraud Office (SFO) had launched an investigation into a 2008 deal with Qatar's sovereign wealth fund. Jenkins has been brought in ...

ASIC issues crowd funding guidance

LINDA HAUSKEN  |  WEDNESDAY, 15 AUG 2012
... dog said these include doing background and credentials checks on project creators to help minimise the opportunity for fraud. "Website operators can also manage this risk by assessing the viability of the project before it is posted on their website ...

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 ...