News and Analysis

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Nine board was sent anonymous email before Hugh Marks resigned – 16 November 2020

Nine Entertainment board was sent an anonymous email containing complaints about behaviour at the company in the days before outgoing chief executive Hugh Marks abruptly resigned. In the Herald Hugh Marks revealed that he had begun a relationship with Alexi Baker, who reported directly to him.

https://www.smh.com.au/business/companies/nine-board-was-sent-anonymous-email-before-hugh-marks-resigned-20201116-p56ewj.html

‘Bigger than the Wolf of Wall Street’: How a shady network of brokers ran riot in Australia – 13 November 2020

A six-month investigation has revealed Financial advisers with legitimate Broker licences including Israeli “Wolf of Wall Street” – ‘Talmor’, have rorted individuals out of cash on an industrial scale. Talmor’s business was controlled by another Israeli with deep Australian connections by the name of Yossi Herzog, who is now on the run from charges brought by the US Department of Justice. Herzog is accused of fleecing more than $200 million from unsuspecting customers, including Australians. It is a story that reflects poorly on the state of the Australian law and ASIC as a regulator.

https://www.brisbanetimes.com.au/business/markets/bigger-than-the-wolf-of-wall-street-how-a-shady-network-of-brokers-ran-riot-in-australia-20201111-p56dis.html?ref=rss&utm_medium=rss&utm_source=rss_feed

With related articles of interest

https://www.smh.com.au/business/markets/regulator-slammed-for-lax-oversight-of-cowboy-sector-that-scammed-millions-20201113-p56egl.html

https://www.smh.com.au/national/binary-options-shape-as-gambling-problem-for-asic-20201115-p56ery.html