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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.
Blockchain hacks led to billions in losses last year – 14 January 2021
Cybercriminals leveraged the pandemic and launched 122 attacks targeting blockchains in 2020 to steal billions.
https://www.techradar.com/au/news/blockchain-hacks-led-to-billions-in-losses-last-year
