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Showing 41 - 50 of 792 results for "Fraud"

Perth man found guilty of $34m fraud

ELIZA BAVIN  |  MONDAY, 8 SEP 2025
A Supreme Court jury has found Perth businessman Chris Marco guilty of fraud following a five-week trial, after he swindled six investors out of $34 million. Marco's former executive assistant, Linda Marissen, was acquitted of all charges of fraud. ...

Equity Trustees defies ASIC Shield Master Fund allegations

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
Equity Trustees (EQT) vows to defend itself against ASIC's lawsuit alleging it failed superannuation trustee duties over the collapse of the Shield Master Fund, as details emerge of how one of its analysts red flagged the product but was allegedly ...

ASIC permanently bans convicted investment manager

MATTHEW WAI  |  TUESDAY, 2 SEP 2025
... 2009 (Cth), ASIC may permanently ban a person from providing financial and credit services if they are convicted of serious fraud, which includes offences involving dishonesty, ASIC said.

ASIC flags firm grip on private and public markets, super funds

KARREN VERGARA  |  WEDNESDAY, 27 AUG 2025
... against two super funds over their claims handling practices. In January 2025, we called out trustees for weak scam and fraud practices. Then, in March, we released our landmark report on the poor handling of death benefit claims," the Corporate Plan ...

Superannuation fraudster sentenced to prison

ELIZA BAVIN  |  MONDAY, 11 AUG 2025
... members. Steele was sentenced in the Southport District Court on 7 August 2025 after pleading guilty to three counts of fraud contrary to section 408C(1)(a)(i), (2)(d) and one count of fraud contrary to section 408C(1)(a)(i), (2A) of the of Criminal ...

Four men charged over sophisticated bond scam

MATTHEW WAI  |  FRIDAY, 8 AUG 2025
Four residents of Victoria have been charged with a slew of money laundering offences for allegedly using fake social media advertisement and investment comparison sites to help run a bond scam. ASIC alleges that between January and July 2021, Dimitrios ...

Super funds risk 'falling behind': MUFG Retirement Solutions

ELIZA BAVIN  |  THURSDAY, 7 AUG 2025
MUFG Pension & Market Services has called for an industry-wide uplift in digital identity and fraud protection capabilities as it works with the Australian government and super funds to pilot a new digital ID tool. Speaking exclusively with Financial ...

Special feature: Shaping private markets

ELIZABETH FRY  |  TUESDAY, 29 JUL 2025
... data sources and linking public and private market signals. J.P. Morgan has been using AI for over a decade, mainly for fraud detection and operations. But now, it's applying the technology far more extensively across its business. "We're very ...

ASIC bans investment scammer

KARREN VERGARA  |  WEDNESDAY, 23 JUL 2025
... participation of investors and consumers in the financial system." "Mr Beresford has been convicted of offences involving fraud or dishonesty, and therefore ASIC's power to make a banning order under those provisions has been enlivened," the regulator ...

ASIC releases new relief for reportable situations regime

KARREN VERGARA  |  MONDAY, 30 JUN 2025
... significant breaches or likely significant breaches of core obligations, and conduct constituting gross negligence and serious fraud. In February, ASIC held consultations on providing targeted relief. It received four confidential and nine non-confidential ...