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Showing 71 - 80 of 945 results for "Federal Court"

Perth man found guilty of $34m fraud

ELIZA BAVIN  |  MONDAY, 8 SEP 2025
... or aided Chris Marco to defraud more than $29.5 million from six investors. The criminal charges followed earlier Federal Court proceedings taken by ASIC against Marco and the company previously run by him, AMS Holdings (WA). In those proceedings, the ...

ASIC lands special leave against Block Earner

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
ASIC is persevering in its crusade against Block Earner with the Federal Court granting a special leave to appeal an April decision that found that an AFSL was not necessary to offer a fixed-yield digital asset-related product. ASIC said its appeal ...

Two CBA class action appeals dismissed

ELIZA BAVIN  |  FRIDAY, 5 SEP 2025
Commonwealth Bank (CBA) has defeated the appeals from the Zonia and Baron shareholder class actions in the Federal Court. The Full Court concluded that the appellants did not prove any loss, and there was no award of damages. The two class actions related ...

ASIC piles more charges on Merhi

KARREN VERGARA  |  MONDAY, 1 SEP 2025
... Fund and Shield Master Fund that has put more than $520 million on the line. ASIC said it sought leave from the Federal Court to expand its existing proceeding against Merhi to "allege he engaged in unconscionable conduct, failed to act in the best interests ...

Former adviser back in Australia to face theft charges

JAMIE WILLIAMSON  |  MONDAY, 25 AUG 2025
... stole $4.1 million from 13 clients between January 2009 and October 2013. She then fled to New Zealand, with the Federal Court making interim asset preservation orders against her in 2014 as investigations into where the money had gone kicked off. She ...

ASIC freezes assets of First Mutual Private Equity

MATTHEW WAI  |  FRIDAY, 22 AUG 2025
The Federal Court imposed urgent interim orders to freeze the assets of First Mutual Private Equity (FMPE) and its sole director Gregory Raymond Cotton, with ASIC concerned more than $50 million of investor funds is at risk. ASIC is investigating FMPE ...

Mercer Super sued over 'longstanding and systemic' failures

JAMIE WILLIAMSON  |  THURSDAY, 14 AUG 2025
... services failures, including one into premiums charged to dead members being refunded incorrectly. Lodged with the Federal Court today, the proceedings allege Mercer Super failed to report seven serious investigations at all, while another was reported ...

NAB fined over $15m for delaying hardship applications

MATTHEW WAI  |  THURSDAY, 14 AUG 2025
The Federal Court has ordered National Australia Bank (NAB) and its subsidiary ASFH Nominees to pay a pecuniary penalty of $15.5 million for failing to respond to customers facing hardship. The court found that between 2018 and 2023, NAB and ASFH failed ...

Decade-long ban for UGC director upheld

MATTHEW WAI  |  WEDNESDAY, 13 AUG 2025
... superannuation 'health check,'" ASIC said at time of banning. Subsequently, ASIC obtained interim orders from the Federal Court freezing the assets of UGC and its authorised representative Global Capital Property Fund (GCPF). The entity entered ...

Former Kerr Neilson staffer pleads guilty to insider trading

KARREN VERGARA  |  WEDNESDAY, 13 AUG 2025
... technology, which tracks suspicious trading activity in real time. The matter has been listed for mention in the Federal Court on September 5 and is being prosecuted by the Office of the Director of Public Prosecutions. This is also one of the first ...