by admin | Feb 22, 2020 | News & Analysis
A couple who are both illiterate, allege that the loan application filled out on their behalf by a third-party “introducer” was fraudulent and Westpac failed to double check the information. Now the couple owe $280,000 and Westpac plan to foreclose on their home....
by admin | Feb 22, 2020 | News & Analysis
ASIC has revealed a 52% increase in enforcement investigations involving Australia’s largest financial institutions. With 316 investigations currently underway, ASIC said they related to directors’ and officers’ breaches, insider trading and market...
by admin | Feb 21, 2020 | News & Analysis
Aaron Leo Paul was allegedly recruited into Australia’s largest tax fraud scheme. The syndicate was set up to provide payroll services to legitimate clients, but payments were transferred to subcontractors who pocketed the money instead of sending it to the ATO....
by admin | Feb 20, 2020 | News & Analysis
Hundreds of Australians who used a Central American bank to hide taxable wealth, face being caught up in a global tax avoidance sting, with at least 14 already identified by the Australian Tax Office (ATO). The alleged activity may have been going on for several...
by admin | Feb 20, 2020 | News & Analysis
The J5 tax enforcement group from five countries, including Australia, are focusing on professionals organising tax evasion structures. This includes domestic lawyers and accountants who assist in hiding the assets of criminals....
by admin | Feb 19, 2020 | News & Analysis
Neebs Gaming, which has currently has 1.88 million subscribers on YouTube was hacked over the weekend and rebranded to pose as a Coinbase channel in order to scam viewers. It is estimated that roughly AUD $35,874 was stolen....
