The following are articles relevant to the Professional Investigator. Click on the title to make a comment or join the conversation.
Andrew Thorburn’s former chief of staff allegedly rorted $500k for a holiday – 6 February 2019
The former chief of staff (Rosemary Rogers) of National Australia Bank boss Andrew Thorburn, allegedly rorted more than $500,000 from the NAB, to fund an extravagant overseas family holiday that included first class travel and luxury resorts. The police suspect that Ms Rogers and the Human Group devised a system in which they allegedly issued inflated invoices to the NAB to collect kickbacks.
Cryptocurrency CEO dies holding passwords that protect $275m worth of coins and cash – 5 February 2019
Digital-asset exchange Quadriga CX has a $275 million problem in that it digital wallets (an application that stores the keys to send and receive cryptocurrencies) appears to have been lost with passing of its CEO. Speculations have been raised whether this is a scam as funds have been said to be moving on the market despite there being “no access”.
Wider use of insurance in cryptocurrency both causes and evidences ongoing shifts in the industry – 5 February 2019
Independent Reserve has become Australia’s first insured cryptocurrency exchange, with coverage underwritten by Lloyd’s of London. Insurance covers the loss or theft of cryptocurrency from Independent Reserve trading accounts and is considered a significant step in giving confidence to this industry.
The big con the Banking Royal Commission entirely missed – 4 February 2019
Interesting opinion on online credit card fraud in Australia and who really pays. Approximately $500 million a year in losses are passed on to merchants thereby removing the incentive for banks to fix the problem.
