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Showing 1 - 10 of 48 results for "Investment scam"

Brisbane financial adviser appears in court on dishonesty charges

RIDDHIMA TALWANI  |  TUESDAY, 10 MAR 2026
Brisbane financial adviser Sunny Mahendra Prakash appeared in the city's Magistrates Court on March 6 to face multiple charges of dishonesty offences. Prakash is a director of Principal Financial Services, Self-Managed Super, Provest Enterprises, and ...

Majority reject crypto investments in super fund: Swyftx

MATTHEW WAI  |  THURSDAY, 6 NOV 2025
Australians do not want their super invested in digital assets, despite some super funds and overseas pension funds dipping their toes in. According to Swyftx's fifth Annual Australian Crypto Survey, based on a survey of some 3009 Australian adults ...

GIM director slapped with travel restraints

KARREN VERGARA  |  WEDNESDAY, 24 SEP 2025
Global Investment Marketing (GIM) director Darren Geddes has been barred from leaving the country for the next six months as ASIC alleges he misappropriated money via a sham bond investment scheme. ASIC did not provide details behind its allegations ...

Four men charged over sophisticated bond scam

MATTHEW WAI  |  FRIDAY, 8 AUG 2025
... (James) Podaridis, Peter Delis, Bassilios (Bill) Floropoulos, and Harry Tsalikidis were involved in facilitating an investment scam by offering fraudulent bonds and other financial products via fictitious investment comparison websites and Facebook advertisements. ...

ASIC bans investment scammer

KARREN VERGARA  |  WEDNESDAY, 23 JUL 2025
... Holdings, Matthew Allen Beresford, from working in financial services, after he was found guilty of running an investment scam. ASIC has also permanently banned Beresford from engaging in credit activities. Beresford's investors deposited some $374,000 ...

$15m crypto scam costs former adviser 10 years

JAMIE WILLIAMSON  |  THURSDAY, 12 JUN 2025
... transferred at least $14.8 million of funds invested by clients, family and friends to a cryptocurrency-based investment scam. Between March 2022 and June 2023, she allegedly transferred the money into accounts held in her name and that of her personal ...

Aussies prefer advisers, analyst notes over social media

KARREN VERGARA  |  TUESDAY, 15 APR 2025
Australians shun social media and turn to market research and financial advisers for investment information and education, a new survey from HSBC Australia reveals. The annual Investor Insights Survey, which canvassed more than 1000 investors aged 18 ...

ASIC calls out super trustees over 'weak' anti-scam practices

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
The Australian Securities and Investments Commission (ASIC) has written to superannuation trustees urging them to strengthen anti-scam practices, or risk exposing their members to harm. The open letter, signed by ASIC commissioner Simone Constant, outlined ...

ASIC, RBA handed new financial market infrastructure powers

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
... said. Separately, the corporate regulator is conducting a global search and request for tender process for its investment scam website takedown service - its current contract expires in 2025. The request for tender seeks a service which will identify ...

ASIC project foils scammers' operations

MATTHEW WAI  |  MONDAY, 19 AUG 2024
A year into its investment scam disruption project, ASIC has taken down more than 7300 phishing and investment scam websites. This includes the removal of 5530 fake investment platform scams since July 2023. It has also seen the closure of 1065 phishing ...
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