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Showing 661 - 670 of 796 results for "fraud"

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 ...

Enron Part Two

... prevent a recurrence of corporate collapses such as Enron or WorldCom. "Revelations or allegations of financial statement fraud tend to rise during economic downturns. Global markets are currently experiencing sharp declines, and with speculation of ...

Fraudulent advisers caught

RUTH LIEW  |  THURSDAY, 14 FEB 2008
... been charged and found guilty by the Australian Securities and Investment Commissions (ASIC) for a combined 11 charges of fraud and delivering false financial advice. The two so called "advisers", Tunde Doja from Sydney and Mohammad Zareei of Baulkham ...

Web 2 social networking websites under attack

MICHAEL HOBBS  |  THURSDAY, 7 FEB 2008
... "There's little reason for us to believe that laws against criminal behaviour in cyberspace will have much impact on online fraud. There is simply too much money to be made," Obluk said.

Streetwise $26m fraudster awaits sentence

... owing more than $16 million to unsecured creditors and $14.5 million to secured creditors. Prior to the discovery of the fraud, Bangaru was featured in BRW's Rich List and owned several sports cars and multi-million dollar houses. Bangaru will appear ...

Bank downgraded in $8.2b scam

RUTH LIEW  |  FRIDAY, 25 JAN 2008
... equity trading division - one of its core business arms. Fitch has empathised with SG's predicament of being the victim of fraud by a single trader, but warned that the crisis has tarnished the bank's reputation, and raises questions on the safety of ...

PI increase sparks debate

MICHAEL HOBBS  |  WEDNESDAY, 28 NOV 2007
... minimum standards. There are additional requirements after a two-year transition period where consumers are covered for fraud and dishonesty by the licesee, some cover for advice about products not on an approved list and run-off cover. ASIC said they ...

Cairns planner jailed for fraud

CHRIS NICHOLLS  |  MONDAY, 5 NOV 2007
A Cairns financial adviser has been sentenced to eight years jail after pleading guilty to 14 fraud charges involving almost $1 million of client money. The Cairns District Court sentenced the man, Piet Cornelius Walters, on October 30, after he pleaded ...

IFSA to release new guidelines

CHRIS NICHOLLS  |  THURSDAY, 18 OCT 2007
The Investment and Financial Services Association (IFSA) is set to launch three new guidelines covering fraud and security, business continuity and disaster recovery. IFSA chief executive Richard Gilbert said the guidelines would be launched "in the ...

High tech maladies

Social networking websites are the new hotbed for cyber criminals eager to access and sell other people's personal and finance details, according to a new IT report. According to the latest Internet Security Threat Report from Symantec, cyber criminals ...