News and Analysis

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



WA Labor accused of cover-up over botched Huawei contract, but reveals details of ‘closed tender’ – 16 October 2020

WA Labor has been accused of a cover-up after budget papers revealed it would go to a “closed tender” to fix a failed $206 million contract with controversial Chinese telco Huawei, to build a mobile data network for Perth’s public train system.

Alleged cyber criminals Jason Lees and Emily Walker not allowed to access internet while on home detention bail – 9 October 2020

Jason Bran Lees and Emily Jane Walker are accused of committing large-scale fraud by stealing more than 7,000 identity documents to open false bank accounts. It is also alleged that they have hacked-into payroll systems of Australian businesses. They have been denied internet access whilst on bail.

Australia: Bank fined $1.3 billion but no jail for executives: The law, defences & penalties for money laundering – 7 October 2020

Westpac has admitted that it breached money laundering and terrorism financing laws. Many believe the $1.3 billion fine was inadequate. Article discusses this and the laws around money laundering and the proposed new financial regulations.

Cybersecurity Pioneer and cryptocurrency Millionaire John McAfee arrested in Spain – 7 October 2020

John McAfee who is known as a computer programmer, eccentric businessman, antivirus software magnate, flamboyant millionaire, and cryptocurrency enthusiast, now is being labelled a ‘fraud’ for financial fraud amounting to tax evasion and willful failure to file tax returns. The American national who was arrested in Spain, is awaiting extradition to the United States.

Therapist allegedly falsified records in ‘sophisticated’ NDIS fraud – 4 October 2020

Rehana Memon, an occupational therapist has faced court on allegations she falsified reports to obtain more than half a million dollars in an alleged “sophisticated” fraud scheme against the National Disability Insurance.

(Subscription to Daily Telegraph required to read this article.)

Man arrested over ‘elaborate cyber scam’ that conned Real House Wives of Sydney star ‘out of $500,000’ – 4 October 2020

Real Housewives of Sydney star Krissy March has been conned out of $500,000 when she transferred the money for the property settlement of a $10m mansion. The Sydney man involved, allegedly used funds to buy a gold bullion and was arrested and charged.

ANZ to cough up $10m for unfair fees – 2 October 2020

ANZ has been ordered to pay $10 million in penalties and $1 million in court costs, after the bank was found to have engaged in unconscionable conduct and acted in breach of its licence conditions, by charging customers, unfair fees. – :~:text=ANZ%20has%20been%20ordered%20to,by%20charging%20customers%20unfair%20fees.

(Access to AFR required to read article.)

Cleanaway secret recording reveals negative leave plan – 29 September 2020

Cleanaway Waste Management overhauled its technology systems in March to allow employees to be pushed into “negative” accrued annual leave and pressured workers to use up their entitlements. This has the potential to breach the Fair Work Act.

(Access to AFR digital version required.)

Bizarre virtual kidnapping in Australia highlights risk to Chinese students – 26 September 2020

Billions of dollars are estimated to have been lost globally to virtual kidnappings, which typically target young Chinese adults, including exchange students in Australia. Scammers prey on the vulnerabilities of individuals in the community who are not in direct physical contact with their families.

Phoenixing: How unscrupulous dealers rise debt-free from the ashes of failed companies – 25 September 2020

The Australian tax office claims it has lost hundreds of millions of dollars, under mass tax evasion schemes allegedly run by professional advisers using  “phoenixing”. The art of liquidating a company and allowing the directors to rise from the ashes in a new entity, free of debts.

Regulator extends control over Flinders Ranges Aboriginal corporation under police investigation – 25 September 2020

ATLA is a registered native title corporation with about 850 members and receives millions of dollars in royalties from mining operations. The Registrar of Indigenous Corporations (ORIC) has placed the Adnyamathanha Traditional Lands Association (ATLA) under special administration, citing governance and financial record-keeping issues. SA Police have also since confirmed it is investigating ATLA.

Police issue warning following QPS phone numbers used in scams – 25 September 2020

Detectives from the Financial and Cyber Crime Group have issued a warning to Queensland residents about a scam using Queensland Police Service phone numbers to legitimise government or bank impersonation scams. While this type of scam has been doing the rounds for some time, police are concerned this version has an additional layer which may result in more members of the community falling victim.