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Showing 651 - 660 of 795 results for "fraud"

UBS faces multi-billion lawsuit

RUTH LIEW  |  TUESDAY, 29 JUL 2008
UBS Securities and UBS Financial Services in the US are embroiled in a multi-billion dollar fraud lawsuit filed by the New York State Attorney General, Andrew Cuomo. Cuomo's lawsuit charges UBS with falsely selling and marketing auction rate securities ...

FBI sting catches $2.4bn mortgage fraud

... Federal Bureau of Investigation (FBI) swooped down Wall Street after charging more than 400 individuals for mortgage-related fraud and booked two ex-Bear Stearns hedge fund managers with conspiracy and securities fraud. In an investigative operation ...

Adviser goes to jail for $1.5m fraud

RUTH LIEW  |  THURSDAY, 29 MAY 2008
... of two years and eight months. Pisano, 47, pleaded guilty in the Perth District Court on 22 May 2008 to eight counts of fraud to the value of approximately $1,537,735. ASIC alleged Pisano defrauded investors between June 1996 and July 2001 while he was ...

$500k fraudster gets jail time

RUTH LIEW  |  MONDAY, 12 MAY 2008
South Australian broker trading representative Kym Andrew Sellers was last Friday sentenced to four years jail with a two-year non-parole period following an Australian Securities and Investments Commission (ASIC) investigation. On 7 April 2008, Sellers ...

ASIC divides to conquer

... of one large directorate). Each of these teams will have specific tasks such as handling cases in insider trading, major fraud and international fraud. The regulator will also abolish its four 'silo' directorates and replace them with 17 stakeholder ...

Algos trap rogue traders

RUTH LIEW  |  THURSDAY, 17 APR 2008
... with several international regulators, including the UK's Financial Services Authority (FSA), to incorporate "real time" fraud detection technologies into its market monitoring endeavours in a bid to detect fraud. The firm has also teamed up with specialist ...

CFA takes ethics inhouse

MICHAEL HOBBS  |  FRIDAY, 11 APR 2008
... session begins with a 20 minute presentation which reviews the CFA Code of Ethics and examines ASIC insider trading and fraud case studies. Participants then gather in small groups and debate six to eight hypothetical case studies which cover insider ...

Adviser charged on $48k theft

RUTH LIEW  |  WEDNESDAY, 2 APR 2008
... investigation conducted by the Australian Securities and Investments Commission (ASIC) and the Western Australia Police Major Fraud Squad. De Boer pleaded guilty to the allegation that she stole $48,000 from her client in November 2005 after being asked ...

Doja faces jail time

RUTH LIEW  |  MONDAY, 31 MAR 2008
... Group (Aust). On 30 November 2007, Doja, 52, was found guilty by a jury in the District Court before Judge Goldring of eight fraud charges following a three-week trial. He was found guilty of six charges under the NSW Crimes Act following allegations ...

Short selling faces revamp

RUTH LIEW  |  MONDAY, 31 MAR 2008
... this month proposed to take additional steps by establishing a rule that would declare abusive "naked" short selling as fraud. "This rule proposal will help protect and enhance the operation, integrity and stability of the markets in the clearance and ...