The following are articles relevant to the Professional Investigator. Click on the title to make a comment or join the conversation.
Almost $1 million paid to scammers since July, says ATO – 15 November 2018
Australians have reported more than 28,000 ‘scam’ attempts to the Australian Tax Office (ATO), since July 1, and paid almost $1 million to scammers. The ATO said payments through Bitcoin ATMs had overtaken iTunes vouchers as the most common method of scam payments.
Zero or 261,987. How many times did Westpac breach responsible lending laws? – 14 November 2018
Article outlines how ASIC and Westpac can’t agree on exactly which loans between Dec 2011 and March 2015 contravened the law, nor even concur on exactly what the law actually required. Also if charged, will the penalty be similar to the Commonwealth Bank’s $700 million money-laundering fine, instead of the the $35 million settlement Westpac has requested?
https://www.abc.net.au/news/2018-11-13/westpac-home-loan-asic-case-what-the-judgment-means/10492908
Real estate agent Chris Deutrom, who directed money into own accounts, found guilty of fraud – 14 November 2018
Chris Deutrom was found guilty on eight charges of obtaining a benefit by deception. He directed $237,000 in advertising rebates into his personal accounts and remanded in custody ahead of sentencing later this month
https://www.abc.net.au/news/2018-11-14/chris-deutrom-real-estate-fraud-trial-verdict-nt/10492134
Perth financial adviser banned by ASIC after stealing conviction – 14 November 2018
A Perth financial adviser will never be able to provide financial services or engage in credit activities in Australia again after he was convicted of stealing more than $100,000 from clients superannuation accounts. ASIC may ban anyone convicted of fraud under the Corporations Act 2001 and National Consumer Credit Protection Act 2009.
