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Showing 81 - 90 of 196 results for "ELA"

12 charged in $17m fraud

ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
A joint-agency investigation into an elaborate $17 million fraud has resulted in charges against 12 people. Australian Federal Police (AFP) investigators executed search warrants at 10 locations across Sydney, nine in south-east Queensland and two in ...

Former investment adviser charged with $85m fraud

ELIZA BAVIN  |  MONDAY, 20 JUL 2020
The US Securities and Exchange Commission have charged a former registered investment adviser with fraud for his alleged role in a US$60 million Ponzi-like scheme. The SEC alleges that David Hu, the co-founder and chief investment officer of International ...

Woman jailed in $105m tax scam

ELIZA BAVIN  |  MONDAY, 13 JUL 2020
A fourth person has been sentenced to four years imprisonment for their role in a syndicate that allegedly defrauded the Commonwealth of over $105 million. Devyn Hammond was sentenced in the Supreme Court of NSW to four years jail for her role in a ...

German fintech goes bust, $2.9bn gone

ELIZA BAVIN  |  FRIDAY, 26 JUN 2020
German fintech Wirecard, has filed for insolvency after revealing over $2.9 billion in cash missing from its balance sheet didn't exist. The company's former chief executive Markus Braun was arrested days after stepping down over allegations of inflating ...

ISA plays devil's advocate on SG

HARRISON WORLEY  |  MONDAY, 15 JUN 2020
Industry Super Australia's internal analysis has explored the other side of the superannuation guarantee debate, finding the costs of an increase in mandated savings may be shared between both employers and workers. A piece of internal analysis ...

HUB24, Pinnacle say goodbye to S&P/ASX 200

KANIKA SOOD  |  FRIDAY, 12 JUN 2020
S&P Dow Jones Indices' overdue rebalance of its Australian indices will see HUB24 and Pinnacle Investment Management kicked out of the ASX200 at the start of trading on June 22, amid nearly 200 changes. The index provider deferred its quarterly rebalance ...

Atlas Advisors makes wild investment

ELIZA BAVIN  |  TUESDAY, 2 JUN 2020
Atlas Advisors has announced it invested in two wildlife parks, but acquiring a significant stake in the Elanor Wildlife Park Fund. The fund consists of two wildlife park assets, Featherdale Wildlife Park, located in Western Sydney and Mogo Zoo located ...

AMP defends hefty remuneration bill

ELIZABETH MCARTHUR  |  FRIDAY, 8 MAY 2020
During the AMP annual general meeting chair David Murray defended the pay packet chief executive Francesco De Ferrari and the board continue to take home despite the company's woes. The 2019 AMP remuneration report was rejected by shareholders. ...

Funds receive first ERS applications

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
The ATO has confirmed the first batch of ERS applications have been sent to superannuation funds. The ATO said the implementation of the early release of super scheme for those financially effected by the COVID-19 crisis is progressing well. "We are ...

Law firm cuts pay

ALLY SELBY  |  MONDAY, 20 APR 2020
Slater and Gordon directors and senior executives will see their pay reduced by 10-15%, as the ASX-listed legal powerhouse moves to strengthen its balance sheet amid the COVID-19 crisis. Slater and Gordon's directors, chief executive and executive leadership ...