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Showing 611 - 620 of 796 results for "Fraud"

Man charged in multi-million dollar fraud

RUTH LIEW  |  WEDNESDAY, 10 MAR 2010
... Commonwealth Superannuation Scheme - one man has so far pleaded guilty to a money laundering charge in a $150 million bank fraud case. According to reports from the Sydney Morning Herald, Jamieson Vincent, who belonged to a crime group linked with the ...

Attack of the million-dollar virus

MICHELLE BALTAZAR  |  MONDAY, 1 MAR 2010
... companies have spent an average US$2 million a year fixing or preventing cyber attacks - an amount that keeps growing as online fraud become more sophisticated. Symantec found in the global study that 9 in 10 Australian and New Zealand companies have ...

ACCC sounds online fraud alarm

REGULATORY RELEASE  |  MONDAY, 1 MAR 2010
Online scams continue to make up a large proportion of complaints to the ACCC - with online finance fraud growing in prominence, according to ACCC deputy chair, Peter Kell. During 2009, losses reported to the Australian Competition and Consumer Commission ...

Prison sentence for finance fraudster

ASIC RELEASE  |  FRIDAY, 19 FEB 2010
... Hugh Charles Gordon, the former head of Newcastle investment company Whet Investments, was sentenced to 18 months jail, for fraud. Gordon, of Redheads, New South Wales, will be released after serving eleven months but will have to enter into a recognizance ...

KPMG sounds alarm on admin fraud

MICHAEL HOBBS  |  FRIDAY, 19 FEB 2010
... sure they have the option to audit their administration provider's performance, at short notice, to minimise the risk of fraud, according to KPMG. Speaking at the Self Managed Super Fund Professionals' Association of Australia (SPAA), Gary Gill, partner ...

More SMSFs comply with ATO rules

MICHAEL HOBBS  |  THURSDAY, 18 FEB 2010
... number of trustees that are breaking the rules regarding loaning money to fund members or relatives. In addition, he said fraud within SMSFs and Small Australian Prudential Regulation Authority (APRA) Funds is also a major concern. The ATO recently enhanced ...

Property developer gets jail sentence

ASIC RELEASE  |  WEDNESDAY, 10 FEB 2010
Former property developer and mortgage broker, Samuel David Saunders, was sentenced two years and three months imprisonment with a non-parole period of 12 months after pleading guilty to seven ASIC charges. Saunders of Orange, New South Wales, was sentenced ...

APRA targets illegal early release on super

RUTH LIEW  |  MONDAY, 8 FEB 2010
... specifically targets IER involving transfers and rollovers into SMSFs, and outlined several steps to minimise chances of fraud occurring. First up is a proof of identity check for fund members, including member information, checking for forged documents ...

Rationalise me

MEDIA RELEASE  |  MONDAY, 14 DEC 2009
... transferring investors into modern products with better features, and would also remove a significant source of risks of error and fraud in the financial system by closing outdated legacy products, a press statement noted. "The proposed solution seeks ...

Improving admin could stop fraudsters: SPAA

MICHAEL HOBBS  |  THURSDAY, 26 NOV 2009
... recommendations include developing a central national investigative authority like the Australian Federal Police where superannuation fraud information can be collated and dealt with on a single platform. Using tax file numbers as a compulsory verification ...