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Seb Monsour, Campbell Newman’s brother-in-law, charged with fraud – 22 June 2018
It is alleged that the chief executive of real estate development company Majella Group accepted $5 million from a Chinese entrepreneur, who sought to invest the money. Instead, Mr Monsour allegedly channelled the money into other investments, including a US ski resort and an inner-Brisbane hotel redevelopment, as well as Majella Group expenses, such as debts and wages. It also alleged he had no authority, appropriate licence or credentials to manage investments.
http://www.abc.net.au/news/2018-06-21/sebastian-monsour-charged-with-fraud/9894870
Taxi drivers in Melbourne reporting charming British couple scamming their way around town – 21 June 2018
A new take on a classic fraud, the overpayment scam catches cabbies out. Victoria Police did not comment but Scam Watch, run by the Australian Competition and Consumer Commission, reports 176 “overpayment scams” were recorded in May this year alone, costing Australian victims $68,449.
Ex-Anglo Irish Bank chief jailed for six years for fraud – 21 June 2018
The former chief executive of Anglo Irish Bank has received a six-year prison sentence after his conviction for a €7.2bn fraud and false accounting at Ireland’s failed lender.
ASIC criticised as investigations halve as some powers go unused – 19 June 2018
The Australian Securities and Investments Commission is performing fewer investigations, issuing fewer breach notices and completing fewer criminal cases than the regulator has at any other time over the last three years according to information provided by the federal government.
