The following are articles relevant to the Professional Investigator. Click on the title to make a comment or join the conversation.
Bizarre virtual kidnapping in Australia highlights risk to Chinese students – 26 September 2020
Billions of dollars are estimated to have been lost globally to virtual kidnappings, which typically target young Chinese adults, including exchange students in Australia. Scammers prey on the vulnerabilities of individuals in the community who are not in direct physical contact with their families.
Huge Surge in Cryptocurrency Scams Exposed – 26 September 2020
Crypto scams, fraud, and stealing have shattered approximately $1.4 billion of investors’ money. With the Covid-19 pandemic, crypto phishing and scams on the dark web, these criminals try to do all they can to scam people. Article outlines some of the trending cryptocurrency scams of 2020.
https://www.techguide.com.au/news/internet-news/huge-surge-cryptocurrency-scams-exposed/
Phoenixing: How unscrupulous dealers rise debt-free from the ashes of failed companies – 25 September 2020
The Australian tax office claims it has lost hundreds of millions of dollars, under mass tax evasion schemes allegedly run by professional advisers using “phoenixing”. The art of liquidating a company and allowing the directors to rise from the ashes in a new entity, free of debts.
Regulator extends control over Flinders Ranges Aboriginal corporation under police investigation – 25 September 2020
ATLA is a registered native title corporation with about 850 members and receives millions of dollars in royalties from mining operations. The Registrar of Indigenous Corporations (ORIC) has placed the Adnyamathanha Traditional Lands Association (ATLA) under special administration, citing governance and financial record-keeping issues. SA Police have also since confirmed it is investigating ATLA.
