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Showing 1 - 10 of 24 results for "Financial Fraud"

Billionaire receives death penalty for embezzlement

KARREN VERGARA  |  FRIDAY, 12 APR 2024
... property developer has been sentenced to death for embezzling US$12.5 billion - the country's largest case of financial fraud, several reports show. The People's Court of Ho Chi Minh City yesterday handed down the death sentence to Truong My ...

Massive crypto Ponzi scheme unravels

KARREN VERGARA  |  TUESDAY, 30 JAN 2024
A US court and the Securities and Exchange Commission (SEC) have slapped charges on three individuals that include an Australian citizen for allegedly perpetrating a fraudulent cryptocurrency scheme known as HyperFund, raising $2.6 billion (US$1.7bn). ...

King's birthday honours for industry executives

CHLOE WALKER  |  TUESDAY, 13 JUN 2023
... between 2014 and 2018, received the honour. He is also the founder of Financial Rescue, which assists victims of financial fraud recover their losses. Ross McConachie, also from Tupicoffs, received an OAM for "service to Australia-Japan relations and ...

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 ...

AFCA chair under fire

ELIZABETH MCARTHUR  |  THURSDAY, 18 FEB 2021
... November that she would not be seeking reappointment in May 2021. However, that's not enough for the Victims of Financial Fraud (VOFF) group, which is unsatisfied with Coonan's position at the authority. VOFF and its secretary John Telford take ...

Financial crime victims fume at Shipton, Crennan

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 OCT 2020
The Victims of Financial Fraud (VOFF) group have written to senators slamming ASIC chair James Shipton for ignoring their requests for help but finding "time to submerge his own head in the trough allegedly at taxpayer expense". VOFF secretary John ...

AUSTRAC releases guidance on wildlife trafficking

ALLY SELBY  |  MONDAY, 12 OCT 2020
... are also often involved in other organised criminal activities that impact our community, such as identity and financial fraud." The financial crime guide aims to educate the businesses AUSTRAC regulates to help them detect suspicious financial activity ...

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 ...

VOFF asks Medcraft to "face the music"

ALEX BURKE  |  WEDNESDAY, 23 MAY 2018
Victims of Financial Fraud (VOFF) are calling on former ASIC chair Greg Medcraft and deputy chair Peter Kell to answer for alleged mishandling of financial services regulation. VOFF wants Medcraft and Kell to be recalled to the Royal Commission so they ...

Trio liquidators deny deregistering fraud fund

ALEX BURKE  |  MONDAY, 15 JUN 2015
... was transferred to Global Consultants and Services Limited (GCSL), currently based in Liechtenstein. Victims of Financial Fraud (VOFF) chief executive Paul Matters has said in a statement that deregistration will prevent legal action being taken against ...
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