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Former fraud detective calls on police to investigate mystery of the missing $908,000 – 23 May 2019
A huge sum of money went missing from a bank in the late 1980s. And now a former fraud detective is calling on the police to investigate.
Blue Sky Alternative Investments enters receivership amid debts and class actions – 22 May 2019
ASIC is investigating Blue Sky Alternative Investments for potential breaches of continuous disclosure obligations. Its market value has plummeted from $1.2b to $14m
Three major law firms are trying to launch class actions against Blue Sky for grossly exaggerating its assets under management, misrepresenting the performance of its investments and collecting management fees far in excess of its entitlements.
Australia’s landmark banking inquiry: Tighter regulations, crackdown on ‘overinflated’ bankers’ salaries to come – 21 May 2019
On the 27th May, a final report from the landmark Royal Commission inquiry into abuse in the financial services industry will be released. It is expected to crackdown on massive pay packets of bankers, and even lay criminal charges against senior executives.
Electronic fund transfer fraud costs Brisbane couple $1 million – 21 May 2019
A bookkeeper allegedly took $1 million over a six-year period from the company she worked for, using EFT fraud.
