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Showing 81 - 90 of 249 results for "Victims"

Sam Henderson attempts to set record straight

ELIZABETH MCARTHUR  |  FRIDAY, 13 DEC 2019
... said. During the discussion, he said that self-reflection made him want to own certain issues. "We're not innocent victims. We're running our businesses trying to make money," Henderson said on the podcast. However, he disputed the accusation ...

Pensioners lose decades of savings in 24 hours

ELIZABETH MCARTHUR  |  THURSDAY, 14 NOV 2019
New analysis out of the UK has found that the average amount pension scam victims lost in 2018 amounts to 22 years of savings. As part of a campaign called ScamSmart, the UK Financial Conduct Authority and The Pensions Regulator have revealed £82,000 ...

SMSF scheme sees creator jailed

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... over from a retail super fund to the Tot Form Super Fund. Nguyen kept a significant portion of the funds, telling the victims that the money was paid to the Australian Taxation Office. ATO Assistant Commissioner Ian Read said the sentence handed down ...

Major super funds caught in fraud scandal

ELIZA BAVIN, JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2019
... established, ASIC and the AFP allege the syndicate committed cybercrime offences to steal money from the super accounts of these victims, and from their share-trading accounts in ASX-listed companies. It is alleged the stolen funds were then laundered ...

Calls to give ASIC power to repair reputations

ELIZA BAVIN  |  WEDNESDAY, 11 SEP 2019
... services Royal Commission, the metaphorical tumbrels of the Jacobin revolution rolled up and own William Street delivering victims to and from the guillotine," he said. He also lashed out at the "unrealistic" expectations placed on company directors ...

Adviser cops 262 month jail sentence

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2019
... to hide his identity. In addition to the prison time, Thomas was ordered to repay $10.7 million in restitution to the victims of his fraudulent investment scheme. He will pay a further $10.7 million to the US. Thomas was convicted in November 2016 on ...

Politicians dishonest about fraud: VOFF

HARRISON WORLEY  |  MONDAY, 15 JUL 2019
Victims of Financial Fraud (VOFF) hit out at the Labor Party's treatment of the Trio fraud, claiming Australian politicians are "dishonest" when it comes to handling fraud conduct. In an open letter to Labor's newly minted Shadow Assistant Treasurer ...

Crypto scams bite UK

HARRISON WORLEY  |  TUESDAY, 21 MAY 2019
... last year, clearing 1800. According to the UK's national fraud and cyber-crime reporting centre, Action Fraud, on average victims were scammed out of more than £14,000 from crypto and forex scams over 2018/19. The agencies said fraudsters were targeting ...

Couple faces prison over ponzi-style scam

ELIZABETH MCARTHUR  |  FRIDAY, 10 MAY 2019
... investigation into Small Business Management Pty Ltd and Investman Nominees. ASIC found Maureen Johnston was deceiving victims into investing money in bogus property developments in Australia and the US. The funds she procured for investment purposes ...

Australians lose record amount to scams

ELIZABETH MCARTHUR  |  TUESDAY, 7 MAY 2019
... compared to 2017, with Australians losing $86 million. The ACCC said that while scammers are still scouring dating sites for victims, the most financially harmful scams are actually investment scams. ACCC deputy chair Delia Rickard said: "Investment ...