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Showing 71 - 80 of 340 results for "Victims"

ASIC cans timeshare company AFSL

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
... timeshare interest. Ultiqa went into voluntary liquidation on 30 April 2021. An A Current Affair report in April interviewed victims who were stuck in Ultiqa contracts. One customer paid fees for 11 years and only used the service for two holidays. "The ...

Liberal MPs slammed for 'dangerous' super policy

ELIZA BAVIN  |  WEDNESDAY, 16 OCT 2024
... improving fairness, equity and sustainability. "It is unacceptable that vulnerable women and care workers continue to be victims of systemic issues in our retirement system," Kowalczyk said. "These longstanding, feminised issues cannot continue to be ...

Hanson backs Dixon Advisory inquiry

KARREN VERGARA  |  WEDNESDAY, 18 SEP 2024
... Compensation Scheme of Last Resort (CSLR), the FAAA estimates the advice sector will foot a $135 million bill to compensate victims of Dixon Advisory. The FAAA has called upon parliamentarians to support the inquiry. It met with Treasury last week and ...

Director pleads guilty to 'dishonestly' obtaining near $1m

MATTHEW WAI  |  TUESDAY, 17 SEP 2024
... sentencing, ASIC said. The offences took place between October 2015 and May 2020, where McCabe obtained $940,350 from eight victims, seven of who were clients of GCA and OTC. He was the sole director for both companies which have since been deregistered. ...

Former director sentenced for misappropriating investor funds

JAMIE WILLIAMSON  |  MONDAY, 9 SEP 2024
... noted that, at the time, Sandiford was abusing alcohol and cocaine. The judge made reparation orders in favour of the victims.

Former Courtenay House director sentenced

MATTHEW WAI  |  TUESDAY, 3 SEP 2024
... director of the business throughout the period and was charged in December 2021 for fraud offences. The total net loss to victims is estimated to be about $54 million. He pleaded guilty to the following charge s in November 2022: Four offences of engaging ...

Former adviser cops 12 years' imprisonment

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
... only criminal but evil, demonstrating no remorse". Judge Moynihan found evidence of gross breach of trust and that the victims have suffered and continue to suffer substantial personal and financial harm. Jayaweera will be eligible for parole after six ...

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... US Masters Residential Property Fund (URF) scandal, is one prominent example. There are more than 2700 Dixon Advisory victims who currently have a claim with the CSLR. "As a result, it will be the rest of the financial advice profession that will pick ...

Industry demands action to stop abusers claiming victims' super

ANDREW MCKEAN  |  THURSDAY, 8 AUG 2024
... and due process," they said. ASFA chief executive Mary Delahunty said the super sector is unified in its conviction that victims of family violence shouldn't be further victimised through the misuse of the system. "The reforms we are calling for ...

Trend among young Aussies highlights need for affordable advice

ELIZA BAVIN  |  MONDAY, 29 JUL 2024
... Australian Institute of Criminology, younger Australians are consistently more likely to report having been cybercrime victims than their older counterparts. "We are seeing a much higher degree of trust in social media-sourced advice from younger Australians ...