News and Analysis

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



Cryptocurrency investors want body of defunct company founder exhumed to make sure he’s dead – 16 December 2019

Investors in a defunct cryptocurrency company (with 115,000 customers) want to confirm the death of the business’s founder by exhuming his remains. He held the virtual keys to a whopping $US137 million ($A199 million) in online currency kept in “digital wallets” when he died suddenly last year and investors believe he is still alive.

Child porn claim a new twist on phone scam – 13 December 2019

The Northern Territory Cybercrime Unit are warning residents of a phone scam, whereby callers claim that someone has accessed email accounts and used it to forward child pornography material. They then convince people to navigate to a web page and download a remote access program so the material can be removed. Once the application is downloaded they have complete control and visibility of your computer.

Hackers get festive as presents and party scams hit Australia – 13 December 2019

Fake invitations and parcel messages hits Australian consumers. A text message scam using Australia’s postal service branding, takes advantage of people expecting parcels from Australia Post. Resulting in unsuspecting clickers to go to a fake Australia Post website where they are asked to enter personal or financial details.

Court finds Dover Financial Advisers Pty Ltd made false, misleading or deceptive conduct – 27 November 2019

The Federal Court has found that Dover Financial Advisers Pty Ltd (Dover) and Dover’s sole director Terrence McMaster misled and deceived clients in contravention of their legal obligations. It was found that their Protection policy actually stripped clients of rights and consumer protections they had under the law.

Sydney businessman pleads guilty after millions allegedly swindled from the tax office – 26 November 2019

Simon Anquetil, who was one of nine people arrested in 2017, entered a guilty plea in the alleged Plutus Payroll tax evasion plot. This is one of the country’s most significant white-collar criminal investigations. Police seized vehicles, jewellery, artwork and aircraft as part of the investigation.

Lawyer laundered money as he wanted to make $US50 million by age 50 – 22 November 2019

Mark Scott was a high-flying lawyer before getting caught up in a massive cryptocurrency ‘OneCoin” scam that induced victims to invest. He has been accused of using a variety of shell companies, overseas bank accounts and dodgy investment funds to cover up the source of the $US400 million ($A588 million) he laundered.

Former Unique Estates founder Nicolette van Wijngaarden sentenced to more than three years jail for trust account fraud – 21 November 2019

Luxury real estate agency Unique Estates founder Nicolette Van Wijngaarden, has been sentenced to three years and six months in jail after pleading guilty to a $3.69 million trust account fraud. She was charged with 15 fraud offences, with the case being the largest crime of its kind in NSW.

ASIC releases whistleblower guidance ahead of implementation of new laws – 21 November 2019

The Australian Securities and Investments Commission (ASIC) has released guidance for upcoming changes to the Corporations Act that will require large proprietary and public companies to have whistleblower policies in place by 1 January 2020. The guidance includes a number of mandated items in addition to those required by legislation.

Comminsure to refund $12 million for unfair life insurance telephone sales – 19 November 2019

CommInsure has been hit with a $700,000 criminal penalty for breaching anti-hawking rules, but avoided a maximum penalty of $1.85 million by making an early guilty plea. The bank-owned insurer has also agreed to refund more than $12 million to 30,000 customers who were incorrectly sold a range of life products by Aegon.

ASIC disqualifies WA director from managing companies for five years – 15 November 2019

ASIC found that Ms Pellew (the director of several companies) had improperly used her corporate position to gain an advantage for herself. She also failed to prevent the companies from trading whilst potentially insolvent and did not ensure that proper financial records were kept and that the companies paid all relevant taxes.