by admin | Oct 9, 2017 | News & Analysis
Najam Shah will face 5 years jail time following a scheme that generated up to $170 million in stolen funds. Shah was behind a fraudulent home-loan scheme run from Melbourne’s Myra Home Loans, and has pleaded guilty to one count of conspiring to defraud financial...
by admin | Oct 6, 2017 | News & Analysis
Areas in china with low education levels have seen a flourish of Pyramid schemes, resulting in vulnerable citizens being targeted and over charged for common consumable goods, such as cosmetics or health supplements. This is a critical social problem, that authorities...
by admin | Oct 4, 2017 | News & Analysis
The elimination of the need for a third party such as banks in financial transactions – a feature of Blockchain, is likely to reduce the likelihood of financial fraud. This feature makes it difficult to hack and manipulate financial records....
by admin | Oct 3, 2017 | News & Analysis
A couple in the US have pleaded guilty to fraud after repeatedly falsely claiming items they had ordered from Amazon had been damaged in the post. The couple could face prison sentences of up to 20 years alongside a fine of up to $500,000 for the $1.2 million (USD)...
by admin | Oct 3, 2017 | News & Analysis
The ABC’s Four Corners has uncovered Adani Group’s Australian operations tax haven ties, discovering that many key assets are owned in the British Virgin Islands. The company’s filings with AISIC fail to mention a company registered in the Islands, giving the group...
by admin | Oct 1, 2017 | News & Analysis
The Securities and Exchange commission charged business man Maksim Zaslavskiy with fraudently running two initial coin offerings. It is alleged that he had been selling unregistered securities for coins and digital tokens that don’t exist....
