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Search ResultsShowing 1 - 10 of 57 results for "Cryptocurrency"
CSIRO contractor in crypto scam
ELIZABETH MCARTHUR  |  MONDAY, 21 SEP 2020
... been sentenced over fraudulent behaviour after he used the organisation's servers and supercomputers to carry out cryptocurrency mining. He was caught out after the CSIRO noticed serious impairment of its computing infrastructure and reported it to the ...
Rapper charged over crypto scandal
ALLY SELBY  |  MONDAY, 14 SEP 2020
US rapper and actor T.I. is one of five individuals charged over his role in a fraudulent cryptocurrency offering, after the Securities and Exchange Commission found he had promoted and sold tokens on his social media accounts. Clifford Harris Jr, better ...
ASIC bans crypto scammer
ALLY SELBY  |  FRIDAY, 4 SEP 2020
ASIC has banned a former national representative of a cryptocurrency investment scheme from financial services for seven years, after it was found he engaged in misleading or deceptive conduct. New South Wales based John Louis Anthony Bigatton has copped ...
Fake pastor herds believers into Ponzi scheme
ELIZABETH MCARTHUR  |  MONDAY, 31 AUG 2020
... falsely told investors their funds would be used by a team of skilled and licensed traders for foreign exchange and cryptocurrency trading. They allegedly promised a risk-free return of between 6% and 42%. Jali claimed to be a pastor, the SEC said, and ...
Facebook, Google face crypto class action
ANNABELLE DICKSON  |  WEDNESDAY, 26 AUG 2020
... law firm JPB Liberty has filed a class action against Facebook and Google for the losses suffered by Australian cryptocurrency providers after their bans on cryptocurrency advertising. JPB Liberty is seeking damages for the losses the cryptocurrency ...
ACCC flags dangers of ERS
ELIZABETH MCARTHUR  |  WEDNESDAY, 19 AUG 2020
... and the actual figure is probably much higher. She wants to warn consumers to be particularly wary of bitcoin and cryptocurrency schemes, saying she has seen many of these collapse and turn out to be Ponzi schemes. "I have seen so many scams in cryptocurrencies. ...
Watchdog warns of celebrity-endorsed bitcoin scams
ALLY SELBY  |  THURSDAY, 30 JUL 2020
ASIC has uncovered several cryptocurrency scams using Australian celebrities, prominent news sites, and government agencies to reel in investors. Endorsements from celebrities and business figures such as Waleed Aly, Mike Baird, Celeste Barber, Andrew ...
Disgraced lobbyist charged
ALLY SELBY  |  FRIDAY, 26 JUN 2020
... The regulator found NAC and its chief executive had portrayed the AML BitCoin as being superior to the original cryptocurrency, arguing it boasted anti-money laundering, anti-terrorism and theft-resistant technology. In reality, none of these capabilities ...
Crypto investment opportunities outright scams: ASIC
ALLY SELBY  |  THURSDAY, 25 JUN 2020
ASIC has reported an increase in investment scams during the COVID-19 pandemic, with most cryptocurrency "opportunities" in particular panning out to be outright scams. The corporate watchdog saw a 20% increase in scam reports from March to May this ...
Investment scams pry $126m from Aussie hands
ALLY SELBY  |  MONDAY, 22 JUN 2020
... particular, investment scammers targeted Facebook and Instagram users with promises of "get rich quick" schemes and cryptocurrency scams, the ACCC said. Common techniques used by scammers include promises of exclusive offers, or asking for small commitments ...
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