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Showing 71 - 80 of 501 results for %22Financial Fraud%22

CSLR unfairly locks out some victims: Maurice Blackburn

ELIZABETH MCARTHUR  |  MONDAY, 16 AUG 2021
The Compensation Scheme of Last Resort (CSLR) will lock out victims of financial misconduct or fraud who pursue court proceedings - something that is inherently unfair, according to law firm Maurice Blackburn. Maurice Blackburn principal lawyer Josh ...

SMSF fraudster loses appeal

ANNABELLE DICKSON  |  FRIDAY, 23 JUL 2021
... and charged with fraud after he obtained $800,000 from SMSF trustees between 2013 and 2014. Through his role at Arion Financial, Gore presented investors with information that they could invest in debentures that included a guaranteed high return and ...

Lying rife in life insurance applications

ANNABELLE DICKSON  |  FRIDAY, 9 JUL 2021
... the truth is that nothing in life is certain. I'd encourage Australians to make life insurance a regular part of their financial planning," Martin said. In light of this statistic, MetLife's latest Value of Life Insurance report aims to increase customer ...

AUSTRAC to face scrutiny

ELIZABETH MCARTHUR  |  THURSDAY, 24 JUN 2021
... program. This despite the fact NAB has poured $800 million and devoted more than 1000 staff members to improving financial fraud and crime control. Labor MP Daniel Mulino supported O'Neill's call for the inquiry. Taking to Twitter, Mulino said: "This ...

ASIC bans adviser over $5m fraud

ELIZABETH MCARTHUR  |  TUESDAY, 8 JUN 2021
ASIC has permanently banned former Sentinel Wealth financial adviser Gavin Fineff, after he was charged with misappropriating between $3.3 and $5 million of client money. On May 7, Fineff was arrested and charged by New South Wales Police with 18 offences ...

AUSTRAC investigates NAB, JBWere

KARREN VERGARA  |  MONDAY, 7 JUN 2021
... allegedly failing their anti-money laundering and counter-terrorism financing obligations, according to AUSTRAC. The financial intelligence agency is investigating NAB's "potential serious and ongoing non-compliance" with respect to customer identification ...

Former adviser charged with $3.3m fraud

KARREN VERGARA  |  THURSDAY, 27 MAY 2021
A former Sentinel Wealth financial adviser with a gambling addiction has been charged with stealing $3.3 million from clients. New South Wales Police confirmed to Financial Standard that Gavin Fineff was charged with 18 offences of dishonestly obtaining ...

Government opens consultation on key advice reforms

JAMIE WILLIAMSON  |  MONDAY, 19 APR 2021
The federal government has released draft legislation outlining the function of ASIC's Financial Services and Credit Panel as the single disciplinary body for financial advisers. The government is proposing the ASIC FSCP exercise the functions of ...

Mawhinney banned for 20 years

ELIZABETH MCARTHUR  |  MONDAY, 19 APR 2021
The Federal Court has ruled that Mayfair 101 founder James Mawhinney cannot fundraise for or advertise financial products for 20 years. The judgement, delivered this morning, ordered that Mawhinney and any of his employees or any companies he is a part ...

Aussies to lose $100m to fraudsters

KARREN VERGARA  |  THURSDAY, 1 APR 2021
... a fake Vanguard prospectus designed to convince victims to purchase non-existent investment products. The Australian Financial Complaints Authority alerted consumers of the spike in finance-related scams, which made up 23% of the 34,047 new complaints ...