News and Analysis
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Researchers are investigating whether Artificial Intelligence can help decode what children are trying to say (or not say) during interviews about crimes they have witnessed or been subjected to.
Disgraced former New South Wales RSL president Don Rowe has been charged with fraud following a police investigation. He is accused of misusing his corporate credit card to cover personal expenses during his 11-year tenure.
A financial services professional has been suspended from providing advice and his firm shut down after he utilised clients’ funds to finance his own personal expenses and make interest payments.
Fujitsu has developed AI technology that supposedly automatically determines whether action needs to be taken in response to a cyber attack. enabling immediate and minimising damage.
The Nikon P1000 can discreetly capture objects and people kilometres away, beyond the reach of other far more expensive cameras with unwieldy telephoto lenses. Misuse of this technology — from drones to location trackers and CCTV cameras equipped for facial recognition — in everyday life remains an ongoing concern for politicians, lawyers and, in particular, anti-domestic violence workers.
Former Newcastle Knights corporate sales executive Matthew Ninness jailed for maximum of three years for fraud – 18 January 2019
A convicted fraudster who landed his “dream job” as the corporate sales executive of the Newcastle Knights, has been jailed for a maximum of three years, after he defrauded the club of more than $57,000, by “selling” corporate boxes and season tickets to fictitious business owners.
Stacey Morrison, 45, was shocked to discover her face was being used to front an advert circulating on social media, falsely claiming she could help make them “millions”
Whether Amazon can sell its controversial facial recognition technology to government groups and police departments may be determined by a shareholders’ vote later this spring.
A Naracoorte business owner has warned others to beware of counterfeit card fraudsters after being stung with a $700 loss after processing a payment via MOTO.
Human Rights Watch raises concerns about Australia’s cybersecurity and surveillance – 16 January 2019
The latest Human Rights Watch report has raised concerns about proposed new laws in Australia to use facial recognition technology and read encrypted phone messages.
An ANZ bank employee has appeared in court on 121 fraud charges after allegedly misusing a company credit card repeatedly during a month-long spending spree.
Fraud trial kicks off for former Barclays CEO, who could face 10 years in prison for events around the 2008 financial crisis – 7 January 2019
Former Barclays CEO John Varley is among four defendants on trial for fraud allegations linked to 2008’s global financial crisis. The trial is set to take four months over charges related to the bank’s emergency refinancing arrangements from investors in Qatar during the crisis. It is the first jury trial for a chief executive of a major bank implicated in the crash. There is a possibility of a 10-year prison sentence for the defendants.
New research has revealed that retailers, both online and offline, are falling behind when it comes to payment security, with Card-Not-Present (CNP) fraud to cost the industry $130 billion in the next four years.
The world of biometric monitoring – which uses fingerprints, eye scans and other forms of checks to identify people – has opened up many exciting new opportunities for protecting safety and security. However could a “Biometric Mirror” algorithm impact a person’s career and liberty, if it monitors personal characteristics of employees?
An Australian promoter of an alleged $US2.6 billion ($3.7 billion) cryptocurrency Ponzi scheme / BitConnect (whose wife went missing last year) has had his assets frozen and been hit with a travel ban as part of an investigation by international authorities.
Three former Credit Suisse bankers have been arrested on London on US charges they conspired with Mozambique’s finance minister in a $2.8 billion fraud scheme.
Article explains an elaborate fraud against Automotive Holdings Group, for $3.2 million. The accused “Mr Prindle” used a vulnerable woman in the “catfishing” fraud.
There are gaps in the state’s rules governing surveillance devices and privacy, the Queensland Law Reform Commission has argued while calling for a ban on secretly recording private conversations.
‘Just look at Gatwick’: Drone regulations welcomed, but WA Senator calls for ‘deeper’ focus – 31 December 2018
As the Australian government steps up to introduce stricter surveillance of drones, WA senator Glenn Sterle believes there is still a lack of knowledge of airspace restrictions and that these could pose a privacy and national security threat.
ASIC is taking a “tougher regulatory approach” towards the superannuation industry, by investigating deals designed to encourage employers to choose specific super funds as the default fund.
$4 billion lawsuit against Craig Wright moving forward …Judge throws out dismissal request in bitcoin-centric case – 30 December 2018
Craig Wright is accused of stealing billions of dollars worth of bitcoin from Ari Kleiman, the brother of his late business partner Dave Kleiman. While Craig Wright has long claimed he is the creator of bitcoin, many senior figures in the industry believe that it could actually be Dave Kleiman.
Australia’s financial services regulator has warned people to avoid “scammers” connected to Luxembourg Offshore Banking, also known as LUXOSB Limited. ASIC said fraudsters had been contacting people about Luxembourg Offshore Banking and had Pretended to be from ASIC and claimed that withdrawals were being processed or withheld by ASIC.
Allegations the Department of Planning sacked or abolished the jobs of four whistleblowers are set to be investigated, following the announcement of a review to be conducted a former deputy public service commissioner.
A former Perth stockbroker was jailed for five years for stealing almost $530,000 from the Australian Taxation Office in false GST rebates.
Whist Australians have lost more than $100 million from scam activity in 2018, experts say Australians have increasingly been targeted with sophisticated communications that use their actual details and systems to gain access to funds.
Fake on line advertising and items on gumtree for big ticket items such as boats, motor homes and machinery have tricked numerous unsuspecting travelling retirees.
Edna Mary Mendes, 47, pleads guilty to Armidale business fraud in Armidale Local Court – 21 December 2019
A woman will be sentenced next year after pleading guilty to defrauding an Armidale business of almost $90,000. She admitted to increasing her wages and conducted numerous unauthorised EFTPOS transfers into her own accounts.
A Melbourne man has avoided jail after defrauding a guide dogs charity of more than $200,000, so he could renovate his home and install a pool. He submitted false invoices to Guide Dogs Victoria (GDV), where he was a general manager, and misused the organisation’s corporate credit and fuel cards.
Councils, schools, regulatory authorities and businesses have been targeted in the south-west by scammers. Emails are hacked and cloned, usually with an invoice for payment sent out that appeared legitimate, but BSB and banking account details had usually been altered to a different account.
Macquarie Group is circulating a memo warning about potential fraud, involving leasing brokers and their clients in retail banking, in relation to vehicle leasing. The bank also circulated a list of signs that brokers should use to detect inaccurate, or fraudulent, applications.