fraud

Financial planning

ASIC acts on Qld adviser after $1.8m fraud

ASIC has taken action against a Queensland adviser who was sentenced last May for misappropriating $1.8 million from his clients....

Financial planning

Victims share ‘heartbreaking’ loss at hands of fraudulent adviser

Two victims of Ben Jayaweera, who was sentenced to 12 years in jail this week, described the fraud as “truly heartbreaking” after they lost $260,000 at his hands....

Financial planning

‘Not only criminal but evil’: Former Brisbane adviser sentenced

A former Brisbane financial adviser has been sentenced after being found guilty of a $5.9 million fraud, with the judge describing his actions as “brazen, gross and callo...

Financial planning

Former Brisbane adviser found guilty of $5.9m fraud

A former Brisbane financial adviser has been found guilty of 28 counts of fraud where his clients lost $5.9 million....

Financial planning

Unlicensed Qld trader loses appeal for fraud sentence

An appeal by convicted fraudster Dr Roger Munro has been dismissed by the Queensland Court of Appeal....

Financial planning

How much did Melissa Caddick’s enforcement action cost the advice sector?

The actions of Sydney fraudster Melissa Caddick have resulted in heavy costs for the financial advice subsector, as the FAAA calls for costs of enforcement against unlice...

Financial planning

How an adviser gambled $3.4m of his clients’ cash

Financial planner, Gavin Fineff, used his position as a trusted adviser to swindle a dozen victims and feed an insatiable gambling addiction that ultimately landed him in...

Financial planning

Former Qld adviser imprisoned after $625k SMSF fraud

A former Sunshine Coast adviser has been sentenced after pleading guilty to nine counts of fraud totalling $625k by withdrawing funds without authorisation from his clien...

Financial planning

Director jailed for $1.8m investment fraud

A Tasmanian director has been sentenced to jail for a $1.8 million fraud scheme, where many of the victims were pensioners who had been targeted by cold-callers. ...

Financial planning

Former director charged with eight counts of fraud

Mark McCabe has been charged for dishonestly obtaining over $940,000 from eight people, seven of whom were clients of his companies....

Financial planning

Former adviser convicted of fraud

A former Tasmanian-based financial adviser has been convicted of fraud....

Financial planning

Did the pandemic leave firms vulnerable to cyberattacks?

Financial advisers should not neglect their cybersecurity as the fast switch to remote working may have left them with inadequate protection....

Financial planning

Unregistered MIS operator charged with $36.5m fraud

An unregistered managed investment scheme operator in Western Australia has been charged with defrauding investors of $36.5 million in 50 counts of fraud....