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Retailers lose billions to theft, ‘micro-gangs’ and emboldened shoplifters to blame – 25 July 2019
A new report has revealed that Retail theft in Australia and NZ has soared to a A$3.37 billion in the 17/18 financial year. Telecommunication stores suffered the highest average value of theft and organised crime-backed ‘micro-gangs’ are terrifying staff and customers.
https://thenewdaily.com.au/money/consumer/2019/07/25/most-stolen-items-retail/
Former Billabong boss struck off as lawyer over $13.5 million fraud – 25 July 2019
Recently paroled former Billabong surfwear boss Matthew Perrin who was Solicitor of the Supreme Court Queensland from 1996, has been officially struck off Queensland’s legal roll. The former high-flyer was convicted, after he forged his wife’s signature on mortgage documents and used those to defraud a bank of $13.5 million.
Facebook firm in its quest to launch Libra cryptocurrency – 25 July 2019
Facebook chief executive Mark Zuckerberg reaffirmed his commitment to the social network’s quest to launch Libra cryptocurrency, despite pushback from governments and critics. Global digital payment platform Libra would make it easy to spend or send money using Messenger, Instagram and WhatsApp. Ministers from the Group of Seven (G7) major global economies and central bankers raise serious regulatory and systemic concerns. Fraudsters are already trying to cash in on interest in Libra.
https://au.news.yahoo.com/facebook-firm-quest-launch-libra-cryptocurrency-031637867–spt.html
Celebrity planner banned for three years – 24 July 2019
Sam Henderson will be banned from providing financial services for three years. ASIC found that he “failed to act in the best interests of clients” or to “provide appropriate advice”. During the banking royal commission it was revealed his staff had impersonated clients to their superannuation funds, he had misrepresented his university qualifications and that he had offered advice that would have led to a client immediately losing $500,000.
