by admin | Nov 15, 2018 | News & Analysis
Australians have reported more than 28,000 ‘scam’ attempts to the Australian Tax Office (ATO), since July 1, and paid almost $1 million to scammers. The ATO said payments through Bitcoin ATMs had overtaken iTunes vouchers as the most common method of scam...
by admin | Nov 14, 2018 | News & Analysis
Article outlines how ASIC and Westpac can’t agree on exactly which loans between Dec 2011 and March 2015 contravened the law, nor even concur on exactly what the law actually required. Also if charged, will the penalty be similar to the Commonwealth Bank’s $700...
by admin | Nov 14, 2018 | News & Analysis
Chris Deutrom was found guilty on eight charges of obtaining a benefit by deception. He directed $237,000 in advertising rebates into his personal accounts and remanded in custody ahead of sentencing later this month...
by admin | Nov 14, 2018 | News & Analysis
A Perth financial adviser will never be able to provide financial services or engage in credit activities in Australia again after he was convicted of stealing more than $100,000 from clients superannuation accounts. ASIC may ban anyone convicted of fraud under...
by admin | Nov 14, 2018 | News & Analysis
The official Twitter account for Google’s G Suite was the latest to fall victim to a cryptocurrency giveaway scam on Twitter. The post has since been deleted, and spokespeople from Google and Twitter say the companies are working together to investigate the hack of...
by admin | Nov 9, 2018 | News & Analysis
Global banking giant UBS, was hit with a long-expected fraud lawsuit by the US accusing it of fuelling the 2008 global financial crisis by deceiving investors, who bought tens of billions of dollars of risky mortgage-backed securities....
