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Riaz Rahbar handed suspended sentence for fraudulently taking more than $350,000 from ME Bank – 24 August 2020
Riaz Rahbar, an Adelaide man falsified documents to obtain loans totalling more than $350,000 from ‘ME Bank’, to repay debts and fund his gambling addiction.
The ‘enablers’ of Australia’s biggest scam – 21 August 2020
Frank Tearle and Justin Epstein who were two directors sanctioned for “misleading” conduct by ASIC were allowed to oversee a $124 million fund for fugitive businessman Michael Gu and are accused of helping him perpetuate one of the largest scams in Australian corporate history. The $124 million the trio oversaw is now missing and part of an estimated $350 million owed to creditors by Mr Gu and his offsider Harry Huang, who have both fled the country.
https://www.afr.com/property/commercial/the-enablers-of-australia-s-biggest-scam-20200823-p55oe2
Bank of Melbourne Doncaster branch manager Andi Lee pleads guilty to taking Westpac money – 21 August 2020
Andi Lee, a Melbourne Bank manager stole $4.2million from Westpac to fund his lavish lifestlye. He offered a number of his customers bogus term deposit deals and would then transfer their money into false accounts.
Former City of Perth councillor’s brother charged with fraud – 21 August 2020
Arthur Adamos, the brother of former City of Perth councillor Jim Adamos and Sofi Adamos have been charged with fraud. It is alleged they falsified a corporate nomination form, claiming to be involved in the nominated business and to occupy the nominated business premises located within the City of Perth local government boundary, in order to vote in City of Perth elections.
