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Racing identity Bill Vlahos faces prison after $17.5m punting Ponzi scheme exposed – 5 February 2020
Bill Vlahos has been accused of committing fraud totalling $17.5 million through his punting club ‘The Edge’. He tricked more than 70 people into thinking he had a secret formula for picking winners and sent them fake information.
http://abc.net.au/news/2020-02-04/bill-vlahos-ponzi-scheme-plea-hearing/11930148
Hyper-Realistic Masks Are Extremely Hard To Spot – 5 February 2020
Hyper-realistic silicone masks can help criminals to commit identity fraud. The task is to find ways to improve people’s rates of detecting when someone is wearing a mask.
http://gizmodo.com.au/2020/02/hyper-realistic-masks-are-extremely-hard-to-spot/
Toll Group confirms “targeted” ransomware attack – 4 February 2020
Toll Group, the logistic giant confirmed it is the victim of a “targeted ransomware attack” . They have immediately isolated and disabled IT systems to stop the malware from spreading and are investigating the criminal activity.
Why Hayne succeeded where ASIC was overlooked – 4 February 2020
ASIC revealed widespread problems with banks charging fees for no services in 2016. It was met with excuses and lies. It took a royal commission to bring accountability and public confessions.
(Subscription to AFR required to read article.)