News and Analysis

The following are articles relevant to the Professional Investigator.   Click on the title to make a comment or join the conversation.

 


 

When can an HR professional be held personally liable? – 22 June 2018

As data released by the Fair Work Ombudsman shows, there is an increasing trend to name third parties like HR practitioners in claims for breach of the Fair Work Act.  Developments in relation to labour hire licensing laws and proposed whistleblowing laws should also be carefully monitored as they too may render individuals personally liable. 

https://www.hcamag.com/hr-news/when-can-an-hr-professional-be-held-personally-liable-251483.aspx

Seb Monsour, Campbell Newman’s brother-in-law, charged with fraud – 22 June 2018

It is alleged that the chief executive of real estate development company Majella Group accepted $5 million from a Chinese entrepreneur, who sought to invest the money. Instead, Mr Monsour allegedly channelled the money into other investments, including a US ski resort and an inner-Brisbane hotel redevelopment, as well as Majella Group expenses, such as debts and wages. It also alleged he had no authority, appropriate licence or credentials to manage investments.

http://www.abc.net.au/news/2018-06-21/sebastian-monsour-charged-with-fraud/9894870

Taxi drivers in Melbourne reporting charming British couple scamming their way around town – 21 June 2018

A new take on a classic fraud, the overpayment scam catches cabbies out. Victoria Police did not comment but Scam Watch, run by the Australian Competition and Consumer Commission, reports 176 “overpayment scams” were recorded in May this year alone, costing Australian victims $68,449.

https://www.news.com.au/finance/work/at-work/taxi-drivers-in-melbourne-reporting-charming-british-couple-scamming-their-way-around-town/news-story/62b2e9c9a553bcde2c39ff30c780b12c

Researchers develop tech that lets surveillance cameras text to say hello – 19 June 2018

Researchers at Purdue University have found a new way to get surveillance cameras to “talk” to the people they see. The system is called PHADE, which stands for “private human addressing”, and it enables cameras to send messages to people’s devices when they have entered a specific area without collecting their personal data. Like many aspects of retail surveillance, police departments would undoubtedly be interested in the technology as well.

https://www.gizmodo.com.au/2018/06/researchers-develop-tech-that-lets-surveillance-cameras-text-to-say-hello/

The mother of all crypto scams’: Bitcoin’s price manipulated during ‘meteoric rise’, researchers find – 15 June 2018

Already down more than 50 per cent from its peak at the height of crypto-mania last year, bitcoin has been battered this week by fresh claims its price has been artificially manipulated by the digital currency tether.

https://www.news.com.au/finance/money/investing/the-mother-of-all-crypto-scams-bitcoins-price-manipulated-during-meteoric-rise-researchers-find/news-story/12bb2f4c2b0e11ec54761560d048e88e

‘The mother of all crypto scams’: Bitcoin’s price manipulated during ‘meteoric rise’, researchers find – 15 June 2018

Already down more than 50 per cent from its peak at the height of crypto-mania last year, bitcoin has been battered this week by fresh claims its price has been artificially manipulated by the digital currency ‘Tether’. Tether is a so-called “stablecoin” pegged at one-to-one value with the US dollar. Its alleged that Tether is actually being printed out of thin air, without corresponding dollar deposits thereby pushing cryptocurrency prices up.

https://www.news.com.au/finance/money/investing/the-mother-of-all-crypto-scams-bitcoins-price-manipulated-during-meteoric-rise-researchers-find/news-story/12bb2f4c2b0e11ec54761560d048e88e

Man behind Fyre Festival disaster busted for scamming attendees – again – 14 June 2018

Billy McFarland, the promoter of the disastrous Fyre Festival went back to defrauding people after he was arrested last year. He was rearrested Tuesday and charged with earning $130,000 by selling fake tickets to exclusive fashion, music and sporting events through NYC VIP Access, a company he controlled.

https://www.news.com.au/entertainment/music/music-festivals/man-behind-fyre-festival-disaster-busted-for-scamming-attendees-again/news-story/579f27857be8acf68341911a2398df1b

Should auditors be held liable if they miss fraud? – 1 June 2018

A leading global fraud study from the Association of Certified Fraud Examiners (ACFE) reveals that as a means of detecting fraud, external audit only features in 3 per cent of detected fraud cases. AIPI member: Roger Darvall-Stevens explains that the top three methods by which fraud is detected are tip-off, internal audit, and management review.

https://www.intheblack.com/articles/2018/06/01/auditors-liable-failure-detecting-fraud

The risk from within: employee fraud and theft – 31 May 2018

With high profile news stories about data theft and cyber-attacks, business are now more focused on managing risks from these external sources as opposed to risks from within the business. The good news is there are a number of simple steps a business can take to reduce the risk of loss from employee fraud and theft.

https://www.bartier.com.au/insights/articles/the-risk-from-within-employee-fraud-theft/?utm_source=Mondaq&utm_medium=syndication&utm_campaign=View-Original

Workplace restorations can help after investigations – 28 May 2018

After a harassment investigation or mediation over inappropriate behaviour in a workplace, lawyers say the environment can become toxic to employees. Employment lawyers say that a workplace restoration process is a better way of dealing with the fallout of investigations and can help to return a sense of normalcy to a workplace.

http://www.lawtimesnews.com/author/dale-smith/workplace-restorations-can-help-after-investigations-15771/