The following are articles relevant to the Professional Investigator. Click on the title to make a comment or join the conversation.
Former Kleenmaid director found guilty of fraud and insolvent trading after a 59-day trial – 10 January 2020
Andrew Eric Young was found guilty in the District Court of Queensland on 19 charges arising from the collapse of the national white goods distributor ‘Kleenmaid’. They included fraud, criminal insolvent trading of debts and the illegal transfer of funds to personal account.
Cyber threats that use social engineering – 10 January 2020
Attackers use social engineering through human interaction to exploit trust and manipulate has been called “Remote Online Social Engineering” or ROSE. The effects of ROSE can be anything from crippling malware infections to major financial fraud affecting businesses and individuals.
http://techradar.com/au/news/cyber-threats-that-use-social-engineering
ASIC targets brokers over ‘poor’ funds – 9 January 2020
The corporate regulator will audit stockbrokers who are being paid commissions by fund managers and investigate the misselling of poorly performing listed investment funds to retail investors.
http://afr.com/companies/financial-services/asic-targets-brokers-over-poor-funds-20200107-p53pfy
To win the retail game, inventory losses are not an option – 9 January 2020
A study revealed that retail crime costs more than $3.3 billion in 2018 in Aus & NZ. The same study identified that customer theft accounts for just over half – 57 percent, with employees and people within the supply chain accounting for another 35 percent. Effective loss prevention strategies must target both these areas.
