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Search ResultsShowing 1 - 10 of 59 results for "Scam"
Cyber criminals jump on ERS
ELIZA BAVIN  |  TUESDAY, 4 AUG 2020
... analysing scams data regarding COVID-19 collected via Scamwatch to identify trends, monitor financial losses and inform our scam prevention strategies. He said the ACCC receives a large number of scam reports each year (167,801 in 2019), but the scam ...
Watchdog warns of celebrity-endorsed bitcoin scams
ALLY SELBY  |  THURSDAY, 30 JUL 2020
... identified by ASIC as fake. The fraudulent use of these figures in the marketing of financial products is a key indicator of a scam, the corporate watchdog said, pointing to fake websites posing as crypto trading robots and cryptocurrency "pump-and-dump" ...
ASIC terminates illegal investment scheme
ALLY SELBY  |  WEDNESDAY, 29 JUL 2020
... defendants; Mustafa Mohammed, his wife Mahek Mustafa and his brother Mubashir Mohammed, fled the country after ASIC uncovered the scam. ASIC alleges that they are currently residing in India. "Consumers should be wary when they are presented with investment ...
Billionaires targeted in Twitter bitcoin scam
ELIZA BAVIN  |  FRIDAY, 17 JUL 2020
... Musk, Jeff Bezos and Bill Gates were among the household names that had their Twitter accounts hacked to promote a bitcoin scam. The official Twitter accounts of many notable people, including former President Barrack Obama and Presidential candidate ...
Woman jailed in $105m tax scam
ELIZA BAVIN  |  MONDAY, 13 JUL 2020
A fourth person has been sentenced to four years imprisonment for their role in a syndicate that allegedly defrauded the Commonwealth of over $105 million. Devyn Hammond was sentenced in the Supreme Court of NSW to four years jail for her role in a ...
Crypto investment opportunities outright scams: ASIC
ALLY SELBY  |  THURSDAY, 25 JUN 2020
... cryptocurrency "opportunities" in particular panning out to be outright scams. The corporate watchdog saw a 20% increase in scam reports from March to May this year, with Australian consumers falling victim to opportunistic scammers. ASIC executive director ...
Investment scams pry $126m from Aussie hands
ALLY SELBY  |  MONDAY, 22 JUN 2020
... was a 30% increase from 2018, when $489 million was reported lost. Worryingly, the ACCC said only 13% of victims report a scam, suggesting actual figures could be significantly worse. Based on combined data from the big four banks, scamwatch.gov.au and ...
Could relief on advice compliance save consumers?
ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... going to be trying to convince someone to use the new early release provisions. There'll be someone who constructs a scam around that and they'll be dealing with people who are desperate and that's such an awful position to be in," Heffron ...
Whistleblowers rewarded US $570k
ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
... same activity that resulted in Jordan Belfort being investigated by the SEC. Though in Belfort's case, he was running a scam through a high-pressure call centre.
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 ...
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