The following are articles relevant to the Professional Investigator. Click on the title to make a comment or join the conversation.
‘The next Skase’: investor fury over iProsperity fugitive – 13 August 2020
Michael Gu, the founder of collapsed property group iProsperity, has skipped the country despite well-publicised claims of fraud totalling about $180 million. Police, ASIC and creditors are being blamed for allowing him to leave.
(Subscription to digital Version of AFR required to read article.)
Serious and organised crime targeting super scheme: ASIC – 12 August 2020
ASIC says the federal government’s early access to super scheme has been exploited by groups with links to serious and organised crime and real estate agents, using pressure sales tactics.
ASIC drops investigation into Ex AMP chair – 11 August 2020
Following revelations at the royal commission, ASIC has confirmed it will not take action against former AMP chairwoman Catherine Brenner. It was discovered that AMP had internal input into an apparently ‘independent’ compliance report, regarding charting of fees for no service to advice clients.
https://www.ifa.com.au/news/28383-asic-drops-investigation-into-ex-amp-chair
Brisbane broker permanently banned – 11 August 2020
ASIC has permanently banned Jeffry Leonard Gordon, a Brisbane-based broker from engaging in credit activities, after the corporate watchdog found he had falsified a letter of approval for a home loan.
https://www.financialstandard.com.au/news/brisbane-broker-permanently-banned-170377731
