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Showing 1 - 10 of 34 results for "Fraudsters"

Super funds should focus on 'simple' advice: Jones

ELIZA BAVIN  |  FRIDAY, 6 DEC 2024
... 'finfluencers', unlicensed, unregulated - and that's at best. At worst, they've been caught up in the scammers and the fraudsters' web and they're losing their life savings. So, we can't allow that to stand. We've got to have a safer ...

FAAA calls for 'fairness' ahead of Budget

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... for enforcement action against a small number of non-compliant businesses. "In addition, the costs of action against fraudsters and unlicensed operators ought to be borne across the entirety of the financial sector rather than the single financial advice ...

UK to ban cold calling on all financial products

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
... protect you and your loved ones from these scams and the predators who perpetrate them. The time has come to put the fraudsters out of business. And that's what I'm determined to do," Sunak said. It is already against the law in the UK for product issuers ...

Taskforce exposes rising dangers for retail investors

ANDREW MCKEAN  |  FRIDAY, 31 MAR 2023
... taskforce noted a surge in retail fraud and scams, as the digitalisation of financial services has made it easier for fraudsters to spread false communications and evade detection. Fraudsters now exploit traditional methods alongside novel forms of crypto-asset ...

Fraudsters jailed over international crypto scam

JAMIE WILLIAMSON  |  WEDNESDAY, 18 JAN 2023
Four people have been jailed in the UK over a $37 million fraud carried out on an Australian cryptocurrency exchange five years ago. The UK's Crime Prosecution Service (CPS) said Stephen William Boys, Kelly Caton, Jordan Kane Robinson and James Austin-Beddoes ...

Aussies to lose $100m to fraudsters

KARREN VERGARA  |  THURSDAY, 1 APR 2021
... were the next most prevalent. False billings (11%) are the third-most common scam that rakes in $19.32 million for fraudsters, followed by life threats and arrests (7%,) and remote-access scams (5%). "The different forms of scam losses are likely to ...

Investment scams pry $126m from Aussie hands

ALLY SELBY  |  MONDAY, 22 JUN 2020
Australians lost $126 million to investment scams in 2019, with many fraudsters using 'celebrity' endorsements to rort investors. According to the latest figures coming out of the ACCC's Targeting Scams report, Australians were defrauded ...

Super scammers pose as authorities

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
The scattergun approach of fraudsters looking to cash in on the early release of unaware Aussie's super has backfired, with one scammer copping an earful from a financial planner he tried to swindle. Fraudsters are posing as agents from superannuation ...

Super funds raise scam concerns

HARRISON WORLEY  |  THURSDAY, 26 MAR 2020
Fraudsters have wasted no time in using the government's new early release of super initiative as an opportunity to swipe the retirement savings of unsuspecting Australians. Intrust Super has warned its members of the risk they will be targeted ...

Ponzi scheme rakes in almost $1.5bn

HARRISON WORLEY  |  TUESDAY, 28 JAN 2020
... pitch to investors seemed new and innovative, their alleged fraud was "old and simple". "This case is a reminder that fraudsters often try to lure investors by associating themselves with trendy technologies," Michael said. In addition to the SEC's charges ...
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