The following are articles relevant to the Professional Investigator. Click on the title to make a comment or join the conversation.
Online invoice scammers are targeting Australian companies – 10 February 2020
Business Email Compromise (BEC) — where hackers steal the login details of people in supplier/vendor organisations to issue fake invoices or change bank detail requests — is becoming a major issue for local companies.
Flying filly has a backdrop of global intrigue – 9 February 2020
In November, the racing world was abuzz when lawyer Mark Scott was found guilty of bank fraud and money laundering by a US federal court jury for his role in the OneCoin scam. Witness testimony implicated Amer Abdulazis Salman in the case and now Phoenix Thoroughbreds (owned by Amer) who have the popular horse “Loving Gaby” issued statements denying all allegations.
‘Cat and mouse’: Romance scams a $28.6m problem and growing – 9 February 2020
The consumer watchdog said Australians reported almost 4000 dating and romance scams in 2019, with victims losing an average of $19,000 each. Some individuals lost $1 million. In 2018, there were 3981 reports of romance scams, with losses of $24.6 million, in Australia.
Investors Bring 10b-5 Action Against Westpac Over Money Laundering Scandal – 7 February 2020
This blog discusses the Westpac scandal, its massive consequences and the details of follow-on private securities litigation. Westpac, Australia’s second-largest retail bank, has been embroiled in a scandal arising from approximately 23 million alleged breaches of Australia’s anti-money laundering/countering terrorist financing laws and regulations involving nearly $12 billion in transactions.
http://jdsupra.com/legalnews/investors-bring-10b-5-action-against-63601/
