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Mary Ann Abellanoza sent to jail for $3.7m fraud against her luxury cruise line employer – 5 November 2019
An unassuming mum who was the book keeper at the Silversea cruise line has been found guilty of a massive $3.7m fraud. She diverted money meant for suppliers into her own accounts and created false vendors.
Bank lender guilty of home loan fraud – 1 November 2019
John Bazouni a former Sydney bank lender has been found guilty of using fraudulent documents to secure inflated home loans from his employer. Bazouni was allegedly paid $265,500 for his part in the scheme.
https://www.smh.com.au/national/nsw/bank-lender-guilty-of-home-loan-fraud-20191101-p536nd.html
AFP seizes $17.3m worth of property in Victoria, Tasmania in Chinese money laundering probe – 31 October 2019
The Australian Federal Police (AFP) has frozen properties worth A$17.3 million including a “supersized mansion” as part of an investigation into money laundering by two Chinese nationals. The money was raised through real estate and loan fraud with the proceeds of crime used to purchase or develop numerous properties in Melbourne and Tasmania.
Apple’s former insider trading watchdog indicted for insider trading – 25 October 2019
A former Apple lawyer who oversaw the company’s insider trading policy has been indicted on insider trading charges. Prosecutors allege Gene Levoff traded shares based on his knowledge of Apple’s financial results before they were made public.
