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Advisers involved in ERS scams: ASIC – 20 May 2020
Jane Eccleston, an ASIC superannuation Senior Executive Leader has written an article saying financial advisers are part of the problem in scams targeting people’s super amid COVID-19.
https://www.financialstandard.com.au/news/advisers-involved-in-ers-scams-asic-160899870
Australian banks hold up a mirror to fraudsters – 19 May 2020
Banks are fighting back against financial scammers by adding deceptive technologies to identify insiders that may be helping external attackers.
https://www.investordaily.com.au/analysis/47088-australian-banks-hold-up-a-mirror-to-fraudsters
Hero Sushi has copped a record $891,000 fine for wage theft after workers were paid as little as $12 an hour – 19 May 2020
Three ‘Hero Susi’ franchises have been found underpaying 91 staff by a little over $700,000. Documents had been falsified to try to conceal the wrongdoing.
https://www.businessinsider.com.au/hero-sushi-underpayment-workers-fraud-wage-theft-2020-5
Puppy scams spike during coronavirus lockdown, reports ACCC – 18 May 2020
The Australian Competition and Consumer Commission (ACCC) says Australians have lost nearly $300,000 to puppy scams in 2020 which is five times higher than average. Fake websites, ads on online classifieds and social media are used to take advantage of covid-19 lonely pet buyers.
