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Canberra man jailed for almost eight years over role in over $1m trustee fraud – 26 March 2018
Canberra man Timothy Stewart McLeod has been sentenced for almost eight years’ jail after it was discovered he was part of a scheme that earned over $1 Million dollars from vulnerable clients of the ACT’s Public Trustee. Three other men have received similar sentences for their roles in the fraud.
http://www.abc.net.au/news/2018-03-26/canberra-man-jailed-for-role-in-public-trustee-fraud/9588744
Companies finally facing big fines for fraud – 26 March 2018
The leniency of Australia’s sanctions against companies that breach cartels or defraud consumers is set to become a more widely debated topic in light of the current banking royal commission. It is expected that corporate watchdogs will place a greater focus on identifying and penalising white collar crime.
‘Opportunity lost’: Call for review of whistleblower laws – 23 March 2018
There have been calls for the Turnbull government to promise a review of the drafted whistleblower protection legislation, after concerns the current draft bill is inadequate. Meanwhile, The Greens continue to push for a corporate whistleblower reward scheme.
Banking Royal Commission: Commonwealth Bank offered gambler increased credit card limit – 22 March 2018
It has been uncovered that Commonwealth Bank offered increased credit limits to a self-proclaimed gambling addict, after he had already racked up over $35,000 in credit card debt. The bank was aware of the addiction at the time.
