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DON’T CLICK: 18.7 million Aussies at risk of ‘sinister’ ATO scam – 16 January 2021
Scammers purporting to be from the Australian Taxation Office (ATO) are trying to steal Aussies’ bank details once again. The firm intercepted an email that looks like it’s from the ATO, and advises taxpayers their tax refund is ready for collection – all they need to do is “click here”. That link takes them to a page that looks like the myGov login website. However, the domain doesn’t belong to myGov or the ATO, and is actually a phishing page.
https://au.finance.yahoo.com/news/ato-tax-return-scam-210048521.html
Sham tax agent walks free, while ATO continues to chase clients – 16 January 2021
Richard Hogg, a disgraced tax agent sentenced to three years in prison for stealing more than $4 million, is due to be released from Fulham Correctional Centre, whilst his former clients continued to be chased by the ATO for unpaid taxes. The case has highlighted problems with the Proceeds of Crime Act, which empowers the Australian Federal Police to confiscate assets from offenders, but not compensate their victims.
A bitcoin fraud or billion-dollar opportunity? – 15 January 2021
‘Bit Digital’ surpassed $1.3 billion in market capitalisation on the Nasdaq sharemarket. Security analysts and investors have declared the Chinese-American company a scam, as the assets probably do not exist, and the business is designed to steal funds from investors. The last chairman and CEO are also on the run from police.
https://www.afr.com/wealth/investing/a-bitcoin-fraud-or-billion-dollar-opportunity-20210114-p56u1y
IOOF backs male executive accused of groping female colleague – 15 January 2021
IOOF is standing behind its deputy chief investment officer, Stanley Yeo, despite allegations the prominent fund manager groped a female employee’s breasts multiple times, saying a formal investigation found no grounds for his dismissal.
