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Showing 1 - 10 of 277 results for "scam"

ASIC investigates potential $138m scam

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2026
ASIC has confirmed it is actively investigating a potential scam that has seen at least $138 million of Australian investor funds lost. ASIC said the investigation is around whether there were oversight, due diligence and compliance failures linked ...

Panacea Capital director charged over $4.4m crypto fund

VINNY VUCAGO  |  TUESDAY, 20 OCT 2026
... the crypto fund were transferred overseas to an entity known as Liquid Assets Group, which turned out to be an investment scam. Investors lost approximately $7.7 million, according to the regulator. The regulator's earlier fundings included concerns ...

Developer jailed after $2.2m investment scam

VINNY VUCAGO  |  WEDNESDAY, 30 SEP 2026
A Queensland property developer has been sentenced to nine years in prison after pleading guilty to dishonestly applying more than $2.2 million in investor funds to his own use of that of others. Ian Omar Chester pleaded guilty in the Southport District ...

Ironbark raises $256m from global investment firm

RIDDHIMA TALWANI  |  TUESDAY, 29 SEP 2026
Ironbark Financial has raised $256 million investment from Merchant Wealth Partners, a New York-based investment manager, which provides equity investments to financial services firms. This is Merchant's largest investment outside the US market, joining ...

Government backs Enhanced Regulatory Sandbox overhaul

VINNY VUCAGO  |  WEDNESDAY, 9 SEP 2026
The Federal Government has backed an overhaul of Australia's regulatory sandbox framework, agreeing to repeal the legislation underpinning the Enhanced Regulatory Sandbox (ERS) and replace it with a more flexible model designed to support financial ...

Scams and governance failures dominate tip-offs to ASIC

RIDDHIMA TALWANI  |  THURSDAY, 3 SEP 2026
The corporate watchdog received around 9800 tip-offs of misconduct from the public in the first six months of the year. Retail investor issues and governance matters continued to dominate reports received by ASIC, which together accounted for over four ...

AFCA consults on rule changes under upcoming scam framework

MATTHEW WAI  |  TUESDAY, 1 SEP 2026
The Australian Financial Complaints Authority (AFCA) is seeking feedback on proposed changes to consider scam-related complaints under the Scam Prevention Framework (SPF) that will come into effect early next year. The government passed the Scams Prevention ...

ASIC warns investors over Yepbit platform

VINNY VUCAGO  |  THURSDAY, 13 AUG 2026
ASIC has warned investors against dealing with Yepbit and Yepbit Exchange after receiving reports customers have been unable to withdraw funds from the purported digital assets and futures trading platform. Yepbit claims to operate globally, including ...

SMC questions SCA's 'mystery caller' report

RIDDHIMA TALWANI  |  WEDNESDAY, 5 AUG 2026
The Super Members Council (SMC) has raised questions on the research methodology of the recently published Superannuation Call Centre Experience Report by Super Consumers Australia (SCA). The data within the report was based on 1000 customer telephone ...

Advice complaints see biggest increase in FY26: AFCA

MATTHEW WAI  |  TUESDAY, 4 AUG 2026
... most common issues. Rejection of claim complaints increased a whopping 82% compared with the previous year, AFCA said, while scam complaints rose 12% to 6706 following a decline the previous year. Jenkins believes the numbers reflect the continued threat ...
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