Search Results | Showing 1 - 10 of 54 results for "Ponzi scheme" |
| | | ... 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, Mawhinney ... |
| | | | ... 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 his guilty ... |
| | | | 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). ... |
| | | | ... 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 main ... |
| | | | ... 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 the ... |
| | | | ... 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 charges ... |
| | | | ... be confirmed. Caddick went missing in November 2020 following a raid on her home by ASIC in relation to an alleged Ponzi scheme she had been running for some time. She is suspected of swindling investors out of as much as $30 million. Three months later ... |
| | | | A Perth woman has been permanently banned from running a financial services business, while the $11 million illegal investment scheme she ran will be wound up. Monica Kaur, through her business MKS Property Investments/Developments, encouraged around ... |
| | | | ... not be confirmed. Caddick went missing in November 2020 following a raid on her home by ASIC in relation an alleged Ponzi scheme she had been running for some time. In all, she is suspected of swindling investors out of as much as $30 million. Three ... |
| | | | ... 585 investors out of $180 million. According to ASIC, Papoulias was not aware that the funds were used to fuel a Ponzi scheme. Nevertheless, when handing down the sentence, Judge McHugh SC remarked that Papoulias' actions had undermined public confidence ... |
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