The following are articles relevant to the Professional Investigator. Click on the title to make a comment or join the conversation.
Sydney couple’s alleged identity fraud and cryptocurrency web unravels – 27 September 2018
A couple from south-west Sydney have been arrested after they allegedly used stolen credit card information to open 15 companies and numerous bank accounts, while laundering more than $300,000 into offshore cryptocurrency accounts.
‘Unacceptable’: ASIC slams banks’ delays in finding, fixing breaches – 25 September 2018
The Corporate regulator ASIC, says it is considering criminal prosecutions against financial institutions over “serious” and “acceptable” delays in finding, reporting and correcting law breaches, that cost 5 million consumers almost $500 million between 2014 and 2017. In some cases it took more than five years, on average, from the actual incident to compensate customers.
Financial advice firm was lying to the corporate watchdog, company document implies – 21 September 2018
An internal document detailing the culture inside the billion-dollar financial advice business Linchpin Capital Group, suggests the firm was lying to regulators, ignoring its investors, misusing funds and associating with “many undesirables”.
Serial conman Eddie Kang up to old tricks ripping off vulnerable students – 21 September 2018
One of Australia’s most notorious scam artists is continuing to run a business that rips off vulnerable students while he is out on bail appealing his conviction and sentence. Eddie Kang was sentenced to 12 months in prison in March 2017 after he was convicted of 22 counts of fraud and misleading conduct involving 11 foreign students who paid his companies to secure 457 visas.
