News and Analysis

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

 


 

Labor senator calls for ASIC investigation into Rex – 25-26 May 2020

ASIC has been asked to investigate whether Regional Express (REX) Holdings broke the law by announcing plans to expand with capital city services without informing the ASX.

https://www.travelweekly.com.au/article/labor-senator-calls-for-corporate-watchdog-to-investigate-rex/

https://www.afr.com/companies/transport/labor-senator-calls-for-asic-investigation-into-rex-20200525-p54w79

(subscription to AFR required to read the second article)

Puppy scams spike during coronavirus lockdown, reports ACCC – 18 May 2020

The Australian Competition and Consumer Commission (ACCC) says Australians have lost nearly $300,000 to puppy scams in 2020 which is five times higher than average. Fake websites, ads on online classifieds and social media are used to take advantage of covid-19 lonely pet buyers.

https://www.adelaidenow.com.au/lifestyle/home-garden/puppy-scams-spike-during-coronavirus-lockdown-reports-accc/news-story/a883d1e6af0e03391b8d2df794ca2bf1

Woman charged over ‘Australian first’ cybercrime after allegedly illegally exchanging Bitcoin – 15 May 2020

A 52 year old NSW woman is accused of being part of a syndicate profiting off the unlawful exchange of Bitcoin for cash.  She was charged with three counts of knowingly dealing with proceeds of crime and breaching a requirement regarding digital currency exchange services.

https://www.9news.com.au/national/bitcoin-woman-charged-over-australian-first-cybercrime-allegedly-illegally-changing-cash-for-cryptocurrency/c5c8a1aa-2e54-4146-8e81-e33adab73de7

Perth woman to face court over $500,0000 fraud, identify theft – 15 May 2020

A 34 year old Perth woman has been charged with more than 120 counts of fraud and theft after she allegedly stole the personal details of dozens of people, to open bank accounts and establish lines of credit worth more than $500,000. She is charged with possessing identification material, gaining benefits by fraud and stealing.

https://www.theage.com.au/national/western-australia/perth-woman-to-face-court-over-500-0000-fraud-identify-theft-20200515-p54tbl.html

‘Trusted employee’ defrauded Sydney school of $7.4m over 15 years, police allege – 8 May 2020

It has been alleged that Augustine Nosti, who was the financial controller at Moriah College in Sydney, redirected 402 financial transactions from the private Jewish college into his personal bank accounts and defrauded the school of $7.4 million dollars over 15 years.

https://www.9news.com.au/national/queens-park-college-former-employee-charged-over-7m-fraud-sydney-news/1f3ed147-8344-4846-94c6-94c6a2caee3e