Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 62 results for "Ponzi"

Settlement reached in Caddick class action

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
... don't anticipate any difficulties in that respect." Chapman said given the difficulties in receiving any money back from a Ponzi scheme, those involved in the action are very pleased. "It is an amazing result from a Ponzi scheme, and it's a credit ...

Former Courtenay House director sentenced

MATTHEW WAI  |  TUESDAY, 3 SEP 2024
... to prison for 11 years, with a non-parole period of seven years, for his involvement in one of the nation's biggest Ponzi schemes. Between 13 December 2010 and 21 April 2017, Iervasi raised around $180 million from about 580 investors, promising ...

SEC seeks to shut down $450m Ponzi scheme

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
The US regulator has filed charges over a $453 million Ponzi scheme that saw more than 2000 investors' retirement savings spent on luxury yachts, private jets and more. The Securities and Exchange Commission (SEC) obtained a preliminary injunction ...

James Mawhinney arrested as Mayfair 101 saga rolls on

JAMIE WILLIAMSON  |  WEDNESDAY, 10 APR 2024
... been in a years-long battle with ASIC now, with the regulator taking him to court for operating what it believes to be a Ponzi scheme and Mawhinney fighting the claims and accusing ASIC of its own misconduct in pursuing him. In the latest instalment ...

Third person pleads guilty in Courtenay House Ponzi scheme

ANDREW MCKEAN  |  WEDNESDAY, 20 MAR 2024
... former director of the Courtenay House companies Tony Iervasi has also pleaded guilty to charges linked to operating the Ponzi scheme. The sentencing hearing for Iervasi will take place on April 22 and April 24 in the Supreme Court of NSW. Following ...

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). ...

Investors livid over fresh portfolio valuation: Mayfair 101

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JAN 2024
... portfolio of 200-plus properties in 2019. In early 2020, ASIC froze Mayfair's assets and operations over concerns it was a Ponzi scheme. Many of the properties were handed over to receivers who have since sold them. Now, according to CoreLogic, the three ...

Caddick SMSF clients should recoup all funds: Lawyer

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... are that victims are likely to get back from the receivership alone, in the order of 35 to 40 cents in the dollar. For a Ponzi scheme that is quite a remarkable result and a credit to the receivers." Mackay Chapman acted on behalf of one client during ...

Caddick victims sue auditors in class action

KARREN VERGARA  |  MONDAY, 30 OCT 2023
... licensed financial adviser and reportedly defrauded some $23 million from her clients as early as 2012, essentially running a Ponzi scheme. She disappeared on 12 November 2020, the day after ASIC raided her home. In March 2021, ASIC dropped the 38 criminal ...

Investors recoup $3m in first Caddick payout

KARREN VERGARA  |  FRIDAY, 11 AUG 2023
... of Caddick's Dover Heights property that she resided in, Bruce Gleeson, principal at Jones Partners, said. "In many Ponzi schemes, it is not unusual for investors to receive no return, so we are pleased to be able to make this distribution and anticipate ...
PAGE:
1
2
3
4
5
6
7
PREVIOUS
NEXT

Editor's Choice

First Sentier expands mandate with Northern Trust

MATTHEW WAI  |   11:13AM
Northern Trust will offer a range of front-to-back solutions as third-party administrator for First Sentier Investors under an extended agreement.

Venture capital exits expected to grow in 2025: Preqin

ELIZA BAVIN  |   11:10AM
The venture capital market is expected to see even more exits in 2025 after the sector was impacted by higher interest rates throughout 2024.

FAAA slams 'underlying issues' in CSLR

ELIZA BAVIN  |   11:08AM
The FAAA has made a submission to the Senate Economics Committee calling out underlying issues brought to the fore by the establishment of the CSLR.

NRL legend joins private wealth firm

ANDREW MCKEAN  |   12:02PM
Ex-National Rugby League (NRL) player Cooper Cronk has joined Viola Private Wealth as an ambassador.

Videos

Brought to you by
MORE VIDEOS

Products

Financial Standard Guide To Series

'Guide To' Series

Pocket investment guides featuring adviser case studies and a glossary.
MORE INFO
Financial Standard Publisher's Forum

Publisher's Forum

Investing trends and strategies from the industry’s thought leaders.
MORE INFO
Financial Standard Product Showcases

Product Showcases

Putting the spotlight on investment products that matter.
MORE INFO

Expert Feed

Industry Events

MORE INDUSTRY EVENTS
FEB
18

Chief Economists Forum 

FEB
20

Chief Economists Forum 

MAR
11

Advisers Big Day Out - Perth 

MAR
12

Advisers Big Day Out - Adelaide 

MAR
13

Advisers Big Day Out - Melbourne 

Featured Profile

MORE PROFILES
Kellie Wood

Kellie Wood

HEAD OF FIXED INCOME
SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED
Schroders Australia's Kellie Wood talks about winning a lot, so much so that it's become a well-intentioned joke with her co-workers - but it's this ambitious attitude that spurs her on every day. Eliza Bavin writes.
READ MORE
The Financial Standard podcast
Tune in each week as we discuss the latest developments in Australia's wealth management industry.
Financial Standard podcast
Spotify
Apple Podcasts
Amazon Music
YouTube
Follow Financial Standard on Facebook
Follow Financial Standard on Twitter
Follow Financial Standard on LinkedIn
Follow Financial Standard on Instagram
ISS - Institutional Shareholder Services, © Copyright 2024, All Rights Reserved
MarketSage  -  MarketPulse  -  MarketPro  -  MarketReach