News and Analysis

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



Retail Food Group hoses down concerns it is in financial strife, but regulators could start circling – 15 March 2019

Retail Food Group (RFG) is accused of continually opening new outlets, some of which were unlikely to be viable, to profit from upfront fees. RFG directors will be investigated, over allegations of insider trading, tax avoidance, breaches of consumer law and other market disclosure failings.

‘Clear duty to intervene’: Government under pressure to save whistleblower – 8 March 2019

Senator Rex Patrick wrote to Attorney-General Christian Porter stating that if the case against Richard Boyle, (who is facing 161 years in prison after blowing the whistle on poor culture at the Australian Taxation Office) proceeded, it would make a mockery of the government’s advances in whistleblower policy, discourage whistleblowers across the public sector and undermine public confidence.

Court restrains luxury yacht after FBI fraud probe request – 8 March 2019

The US Justice Department made an urgent request to Aust­ralian counterparts last month, for assistance in seizing the 21.5m Dragon Pearl at the Gold Coast’s Hope Harbour marina. They are investi­gating Geoff Cassidy over the defrauding of millions of dollars from charter jet company, Zetta Jet and using embezzled funds to purchase­ the Dragon Pearl.

From a private jet to a police cell: Rosemary Rogers charged over alleged NAB fraud – 5 March 2019

Rosemary Rogers, the former chief of staff to former NAB boss Andrew Thorburn, has been arrested and charged over alleged fraud. She has been charged with 56 counts of being an agent corruptly receiving a benefit, and dishonestly obtaining financial advantage by deception. Ms Rosamond from Human Group was also charged with more than 50 bribery and corruption related offences.

Huawei CEO Claims US Tension Won’t “Crush Us” – 19 February 2019

The US has laid charges against Huawei and its CFO including bank fraud, money laundering, circumventing the US’s Iran sanctions, and stealing trade secrets. Huawei, which is now facing US sanctions, has denied any wrongdoing. AustraliaNew Zealand, and the US have all banned Huawei from providing equipment for future 5G broadband networks; Canada and the UK are reviewing the potential threat.

Crypto-mining apps discovered on Microsoft’s app store – 18 February 2019

Symantec a U.S company who provides cybersecurity software and services) discovered several potentially unwanted applications (PUAs) on the Microsoft Store that surreptitiously use the victim’s CPU power to mine cryptocurrency. This points to a wider trend of crypto-related cryber-crime, with increased sophistication and complexity of tactics.