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Showing 661 - 670 of 809 results for "Fraud"

Fin lit survey highlights deficit

MICHAEL HOBBS  |  THURSDAY, 9 OCT 2008
... example, according to the Australian Bureau of Statistics, last year Australians lost nearly $1 billion falling victim to fraud and scams," said Mike Smith, ANZ chief executive. "Added to this, the current global financial turmoil highlights the importance ...

CHOICE warns of online fraud

MICHAEL HOBBS  |  TUESDAY, 7 OCT 2008
Consumer watchdog CHOICE has outlined a list of online identity fraud techniques to protect consumers against the growing threat. CHOICE estimates identity fraud costs Australians roughly $1 billion affecting 500,000 people every year. Most are hit ...

US and Aus open equities borders

MICHAEL HOBBS  |  TUESDAY, 26 AUG 2008
... and cooperation between ASIC and SEC. The MOU means both SEC and ASIC can still pursue violations of their respective anti fraud laws and regulations. However, managed funds aren't covered by the agreement. "We hope that with the benefit of practical ...

Kenya budgets right for investments

MICHELLE BALTAZAR  |  WEDNESDAY, 13 AUG 2008
There are more winners than losers in the first Budget announced since the formation of Kenya's first coalition government, with local and foreign investors first in line to benefit. The group said in a report that household consumers will benefit from ...

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 ...