by admin | Aug 24, 2018 | News & Analysis
Peter Daly, whose network of companies is being investigated by ASIC, has admitted to borrowing clients’ money to resolve personal financial difficulties and to settle a colleague’s divorce. ASCI stated that Mr Daly’s companies have mismanaged funds,...
by admin | Aug 23, 2018 | News & Analysis
Shaver Shop has revealed it was defrauded $327,000 by a store manager who sold stock through daigou channels. These are shoppers who buy local products to sell to clients in China – at prices significantly below cost of goods. The manager falsified transactional...
by admin | Aug 23, 2018 | News & Analysis
The head of the National Online Retailers Association (NORA), Paul Greenberg said financial banks need to feel the financial sting from surging online payments fraud, to stop them from passing losses onto merchant victims. With online fraud having leapt to $476...
by admin | Aug 22, 2018 | News & Analysis
President Donald Trump’s former personal lawyer Michael Cohen, has pleaded guilty to eight charges including bank fraud, campaign finance fraud from hush money payments and fraudulent loans. Sentencing is scheduled for December 12. Bail has been set at US$500,000....
by admin | Aug 22, 2018 | News & Analysis
Manafort (former Trump Campaign manager) has been found guilty of eight financial crimes such as filing false tax returns, failing to disclose offshore bank accounts and bank fraud. He could spend years in prison. A judge declared a mistrial on 10 other counts the...
