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Search ResultsShowing 1 - 10 of 100+ results for "Victims"
Man arrested over investment scam
ANNABELLE DICKSON  |  FRIDAY, 16 OCT 2020
... form part of an alleged scam between May 2019 and October 2020. ASIC alleges the man obtained $370,000 from unsuspecting victims who believed they were investing in legitimate investment companies and created a number of websites and advertisements to ...
Manipulative trading at J.P. Morgan costs it over $1bn
ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
... avoid losses," he said. "Today's resolution - which includes a significant criminal monetary penalty, compensation for victims, and requires J.P. Morgan to disgorge its unlawful gains - reflects the nature and seriousness of the bank's offenses ...
Watchdog warns of celebrity-endorsed bitcoin scams
ALLY SELBY  |  THURSDAY, 30 JUL 2020
... ('dump') their own share in the now-overvalued cryptocurrency. This causes its value to plummet, along with any hope for victims of recovering their initial investment." Those who believe they have fallen victim to a scam should contact their ...
New class action regulations slammed
ALLY SELBY  |  FRIDAY, 24 JUL 2020
... members, my concern is that it is likely to have the opposite effect," Morabito said. The changes could also result in victims of illegal conduct not being able to launch class actions due to a lack of funding in the Australian market, he argued. "Less ...
Litigation funding fight heats up
ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
... very desirable destination for litigation funders looking to profit from class actions. "The percentages paid to the very victims that are being vindicated by class actions are decreasing," Mathias said during the hearing. He also accused the Australian ...
Investment scams pry $126m from Aussie hands
ALLY SELBY  |  MONDAY, 22 JUN 2020
... million). This 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 ...
ERS paused as AFP investigates fraud
ELIZA BAVIN  |  FRIDAY, 8 MAY 2020
... make sure that there's nothing more we can do to help people protecting their data, to ensure that people are not the victims of identity theft, as is being investigated by the AFP," Sukkar said. "So today we will undertake that process just to make ...
New course helps advisers recognise financial abuse
JULIA NEWBOULD  |  TUESDAY, 5 MAY 2020
... be issued by Standards International, based in the UK. There are around four hours of video including interviews with victims of abuse, a lawyer and advisers as to what we can individually do to help. "We break down the differences between financial ...
Charterhill founder incarcerated
ALLY SELBY  |  MONDAY, 6 APR 2020
... Sophie David described Nowak's offences of being of utmost seriousness, arguing he had significantly impacted his victims lives in order to fund his lavish lifestyle. Worse still, ASIC commissioner Danielle Press said Nowak had acted deliberately. ...
Superannuation scammer to face court
KANIKA SOOD  |  THURSDAY, 16 JAN 2020
... but the victim could not access them. As a result they lost their funds, the police said. The charged man then asked the victims to provide further funds to recoup their losses. He has been denied bail and is due to appear in the Adelaide Magistrates ...
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