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World’s Top Currency Scams – 9 October 2018
Currency scams and illegal business dealings give Bitcoin a bad name. And while Bitcoin Australia likes to show our audience the potential and awesomeness of cryptocurrencies, it is important to remember that this is not always the case. This article has rounded up the top four scams in the industry, OneCoin, Centratech, Dragon Coin and NCR Coin.
Gumtree scammers tricking victims with fake online banking receipts, police warn – 9 October 2018
A middle-aged Queensland man with a history in criminal investigation, says falling victim to an online scam is a reminder that anyone can be targeted. He handed over a diagnostic mechanics tool that retails for about $13,000, but did not receive the money for the sale. Scammers offer to transfer the money by electronic bank transfer, before sending a photograph of a fake receipt and a copy of a fraudulently obtained driver’s licence. After sending the fake documents, the scammers insist on sending a third party, usually a legitimate parcel delivery service, to collect the items from the seller before they realise the funds have not been transferred.
http://www.abc.net.au/news/2018-10-09/qld-gumtree-online-seller-scam-warning/10356410
Swiss bank UBS on trial in France over tax fraud claims – 8 October 2018
The Swiss banking giant UBS goes on trial to face accusations it orchestrated a huge tax fraud scheme for wealthy French clients, with potential fines of billions of euros. The inquiry was opened after a former employee alerted authorities over the bank’s alleged system of setting up dual bookkeeping to hide the movement of capital into Switzerland. France’s national financial crimes unit estimates at least 9.76 billion euros ($11.2 billion) was not reported to the French tax authorities.
https://au.news.yahoo.com/swiss-bank-ubs-trial-france-over-tax-fraud-084320252–spt.html
Fourth former NAB banker banned over alleged home loan fraud ring – 8 October 2018
A fourth former NAB employee (Mathew Alwan), has been banned from working in financial services, for his part in an alleged fraud ring that abused the bank’s “introducer” home loan referral program. ASIC is now considering whether to refer a brief for criminal charges to the Commonwealth Director of Public Prosecutions.
