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Showing 571 - 580 of 798 results for "Fraud"

Super funds at risk of cyber crime

ALISON BEVEGE  |  WEDNESDAY, 4 MAY 2011
... Pure Hacking said today. Ty Miller, chief technology officer of the ethical hacking security and testing firm, said most fraud comes from within a business's own organisation. Miller said it was too easy to break into systems. "We do internal penetration ...

ASIC silent on possible research probe

ALISON BEVEGE  |  TUESDAY, 19 APR 2011
ASIC has refused to confirm or deny whether research houses who gave five-star ratings or positive reports on fraud funds Trio Capital and Astarra are being investigated. But industry insiders say the corporate watchdog is conducting a high-level investigation ...

Planners prime legal targets for angry clients

ALISON BEVEGE  |  MONDAY, 18 APR 2011
... Financial planners relying on research are sitting ducks for legal action in the wake of the Trio Capital superannuation fraud and need to protect themselves, a planner has said. In the case of the Trio Capital fraud, adviser Ross Tarrant's firm Tarrants ...

Trio victims turn on planners

ALISON BEVEGE  |  FRIDAY, 15 APR 2011
Self-managed super fund trustees left without compensation from the Trio fraud debacle have turned on their former financial advisers. About 100 investors are suing defunct financial planning firm Tarrants Financial Consultants, reportedly on the grounds ...

Trustee fury prompts SMSF compo rethink

ALISON BEVEGE  |  FRIDAY, 15 APR 2011
... super fund association wants the law to be changed to allow compensation for their trustees as anger mounts over the Trio fraud case. Affected SMSF trustees are outraged that APRA-managed super fund members will be fully compensated while they get nothing ...

$55 million for Trio super fraud victims

ALISON BEVEGE  |  WEDNESDAY, 13 APR 2011
Victims of the Trio Capital superannuation fund fraud will receive $55 million in compensation from a special levy, the Federal Government announced today. Members of four super funds formerly under the trusteeship of Trio will recover all lost funds ...

Chartwell dir Hoy jailed 13 yrs

ELISE BURGESS  |  THURSDAY, 24 MAR 2011
... loan. Hoy is required to serve a minimum term of nine years. The judge presiding over the case called Hoy responsible for fraud on a grand scale and that he had been responsible for incalculable damage for vulnerable people. In August last year Hoy's ...

Super industry warned of hack attacks

ALISON BEVEGE  |  TUESDAY, 1 MAR 2011
One of Australia's top fraud cops has warned that the wealth-management industry is a sitting duck for cyber crime and must take steps to safeguard itself against future attack. Detective-Inspector Bruce van der Graaf of the NSW Police Fraud Squad shocked ...

Former adviser faces fraud charges

ASIC RELEASE  |  THURSDAY, 27 JAN 2011
A former financial adviser is facing charges, including fraudulently obtaining client funds, after an investigation by the Australian Securities and Investments Commission (ASIC). Alan Leslie Brown, of Lugarno, New South Wales, has appeared on a total ...

US manager charged with fraud

RUTH LIEW  |  WEDNESDAY, 19 JAN 2011
The US corporate watchdog has cracked down on a Long Island-based money manager for engaging in a fraudulent investment program, which cost investors $8 million in illicit commissions and fees. Warren Nadel, through his investment advisory firm Registered ...