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Showing 541 - 550 of 793 results for "fraud"

Gold Coast scam sees 20 investors lose $250,000

CLAIRE MCGREAL  |  MONDAY, 28 NOV 2011
... the court will hear ASIC's application for final orders. Meanwhile consumers are being urged to watch out for investment fraud which the regulator said had been on the rise in the past nine months. ASIC said that while the companies involved tend to ...

ASIC imposes permanent ban on fin services provider

ELISE BURGESS  |  WEDNESDAY, 23 NOV 2011
George Stephen Hawa, previously found guilty of serious fraud and sentenced to serve time in prison, has also been permanently banned from providing financial services by ASIC. On April 4 this year, Hawa was convicted of four counts of obtaining money ...

ASIC investigations lead to charges, interim orders

CLAIRE MCGREAL  |  TUESDAY, 15 NOV 2011
A Perth stockbroker has pleaded not guilty to more than 10 fraud charges, but guilty to a charge of dishonestly using his position as an employee at his former workplace. Jonathan Kur, who was an authorised representative for Hogan and Partners Stockbrokers ...

Adviser charged with fraud

ELISE BURGESS  |  THURSDAY, 10 NOV 2011
A former senior adviser at Sydney firm, Noall & Co, faced charges of fraud in court this week following an ASIC investigation. James Patrick Hobson, a senior financial adviser, faced Downing Centre Local Court for allegations that he defrauded four ...

Former financial adviser gets three years jail time

CLAIRE MCGREAL  |  MONDAY, 7 NOV 2011
A former Sydney financial adviser has been jailed for three years on six fraud charges. Alan Leslie Brown of Lugarno pleaded guilty in May to one count of obtaining money by deception, one count of using a false instrument and four counts of dishonest ...

APRA accepts EU from former Trio director

CLAIRE MCGREAL  |  FRIDAY, 4 NOV 2011
... $55 million in financial assistance to over 5,000 members of the Trio superannuation entities due to the loss of funds to fraud or theft. The APRA Trio investigation continues.

ASFA gets behind phoenix reforms

RACHEL DAVIS  |  MONDAY, 31 OCT 2011
The Association of Superannuation Funds of Australia has welcomed proposed legislation to hold directors of phoenix companies liable for any unpaid superannuation entitlements. On 13 October 2011, the Government presented a bill aimed at amending the ...

UBS CEO resigns over rogue trading scandal

RACHEL DAVIS  |  MONDAY, 26 SEP 2011
... The announcement comes only nine days after the arrest of Kweku Adoboli, the UBS 'rogue' trader accused of $2.36 billion fraud. The trading loss, the largest of its kind by a London based trader, equates to approximately the same amount the Swiss bank ...

UBS $2bn rogue trader in custody

RACHEL DAVIS  |  FRIDAY, 16 SEP 2011
A 31-year-old UBS trader has been arrested in London on suspicion of fraud by abuse of position, resulting in a US$2 billion loss for the Swiss bank. The news, breaking three years to the day after the collapse of Lehman Brothers, has put UBS trading ...

APRA drafts new super guidelines

ELISE BURGESS  |  TUESDAY, 13 SEP 2011
... specified compassionate grounds and industry guidelines on handling the risks of illegal early release and identity theft or fraud. APRA said guidance needed to be updated after a high level of legislative changes introduced since the previous issue ...