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Showing 551 - 560 of 2455 results for "Court"

Fraudsters jailed over international crypto scam

JAMIE WILLIAMSON  |  WEDNESDAY, 18 JAN 2023
... people Parker met in the pub." Luxury watches, houses, designer goods were also purchased. "During the trial Boys told the court how he took £1,000,000 cash ($1.76m) in a suitcase to buy a villa from Russians he met in the back office of an estate agent ...

Adviser who faked signatures sentenced in court

CHLOE WALKER  |  MONDAY, 16 JAN 2023
Former Adelaide-based financial adviser Tai Thanh Nguyen has pleaded guilty to two counts of falsifying company books. Nguyen was convicted on both counts and placed on recognisance in the sum of $1000 to be of good behaviour for two years. The former ...

JPMorgan says fintech was a fraud, closes business

JAMIE WILLIAMSON  |  MONDAY, 16 JAN 2023
... Management. However, JPMorgan is now suing Javice, saying it has discovered about four million customer accounts were fake. In court documents, the bank claims Javice paid a data scientist to use "synthetic data" techniques to create a list of 4.265 ...

Court approves Pendal takeover

JAMIE WILLIAMSON  |  WEDNESDAY, 11 JAN 2023
The Supreme Court of New South Wales has approved the acquisition of Pendal by Perpetual. The Court made orders today approving the scheme, with it to become legally effective tomorrow following Pendal lodging a copy of the orders with ASIC. As such ...

ASIC takes action against more greenwashing

RACHEL ALEMBAKIS  |  TUESDAY, 10 JAN 2023
... potentially misleading consumers as to the extent of the investment screening being implemented," said ASIC deputy chair Sarah Court. "As consumers increasingly look to more sustainable and ethical investing, including via their superannuation, ASIC ...

Federal Court finds against finfluencer

JAMIE WILLIAMSON  |  MONDAY, 9 JAN 2023
The Federal Court determined Tyson Scholz, known as ASX Wolf, was running an unlicensed financial services business for over a year, including providing courses on share trading and recommending stocks on Instagram. The court handed its decision down ...

Westpac settles BT Super class action

CASSANDRA BALDINI  |  MONDAY, 19 DEC 2022
... Services Limited. Tens of thousands of Australians may receive compensation following the settlement, which is subject to court approval and negotiated on behalf of customers who had invested their super in the BT Super cash option between 2007 and 2019. ...

ASIC takes civil action against Firstmac

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
ASIC has commenced the first ever court case against a financial product distributor for alleged breaches of design and distribution obligations (DDO). The regulator commenced the civil penalty action in the Federal Court against Firstmac Limited following ...

Adviser imprisoned for super fraud

CHLOE WALKER  |  THURSDAY, 15 DEC 2022
... Wealth and Finance Pty Ltd. Goel has repaid several consumers from funds held in accounts previously frozen by the Federal Court. ASIC deputy chair Sarah Court said that ASIC was particularly concerned by Goel's conduct, which had many characteristics ...

Market manipulator sentenced

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
... pre-determined price through two trading accounts which Cooper executed. Cooper was sentenced on December 9 at the Supreme Court of Western Australia, after pleading guilty to market manipulation charges. In sentencing Cooper, Justice Forrester said ...