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Memories of Madoff: New Ponzi scheme may have put $2.2 billion at risk – 6 February 2021
New York money management firm GPB Capital Holdings’ chief David Gentile was indicted for allegedly taking part in a Ponzi-like scheme that defrauded thousands of investors across the country and that regulators say may have put more than $US1.7 billion ($2.2 billion) at risk.
Sydney scammers allegedly stole more than $90k with texts and calls threatening arrest – 5 February 2021
Two men will face court after allegedly scamming people out of more than $90,000, including by threatening people with arrest by text.
Banking royal commission recommendations flounder, two years on – 4 February 2021
The final report of the Banking Royal Commission was released two years ago. It exposed a culture of rapacious greed, of profits and shareholders being put before customers and the law. Of its 76 recommendations, only about one-third have come into law
Charges laid over $1.1m sport club fraud – 3 February 2021
The financial officer of a southern NSW sports club has allegedly diverted more than $1.1 million from the club into offshore bank accounts, prompting fraud charges.
https://www.canberratimes.com.au/story/7110919/charges-laid-over-11m-sport-club-fraud/?cs=14264
