The following are articles relevant to the Professional Investigator. Click on the title to make a comment or join the conversation.
A Camry to town with ‘fraudsters’: What scam victim Tim did next – 30 August 2018
A group of alleged fraudsters made a frantic across-town attempt to get $300,000 out of the country as the tax office closed in on their $100 million-plus crime ring, a court has heard. Scores of dummy directors, people who are named as a sole director but have nothing to do with a business, have been unearthed as part of the investigation of Philip Whiteman.
Globetrotting three-carat diamond at the centre of largest bank fraud in Indian history – 30 August 2018
A three-carat gem was shipped at least four times between shadowy companies allegedly controlled by Indian billionaire Nirav Modi. The practice of round-tripping – trading goods repeatedly to give the appearance of distinct transactions – was central to the largest bank fraud in India.
Exclusive: Over half of ASX companies at risk of email fraud – 30 August 2018
Email fraud has devastating consequences for businesses: a recent Proofpoint survey revealed that more than 1 in 3 email fraud attacks on Australian businesses (35%) led to loss of funds to cybercriminals. DMARC (or Domain Message Authentication Reporting and Conformance) is the passport control of the email security world and confirms sender identities to stop fraud. Australian businesses need to look at DMARC and to a multi-layered approach to solve the full email fraud challenge.
https://securitybrief.com.au/story/exclusive-over-half-asx-companies-risk-email-fraud/
Banking royal commission: AON Hewitt clients unaware of superannuation scam – 28 August 2018
831 clients of management consultant AON Hewitt Australian financial advice arm, were shovelled into high-fee super funds without their consent. Counsel assisting the royal commission said it represented four breaches of the Corporations Act, which amounted to more than 3000 breaches in total.
