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FRAUD
Financial planning
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
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
A former Brisbane financial adviser has been found guilty of 28 counts of fraud where his clients lost $5.9 million....
Financial planning
An appeal by convicted fraudster Dr Roger Munro has been dismissed by the Queensland Court of Appeal....
Financial planning
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
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
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
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
Mark McCabe has been charged for dishonestly obtaining over $940,000 from eight people, seven of whom were clients of his companies....
Financial planning
A former Tasmanian-based financial adviser has been convicted of fraud....
Financial planning
Financial advisers should not neglect their cybersecurity as the fast switch to remote working may have left them with inadequate protection....
Financial planning
An unregistered managed investment scheme operator in Western Australia has been charged with defrauding investors of $36.5 million in 50 counts of fraud....
Policy & Regulation
Dr Roger Munro has been sentenced to four and a half years imprisonment after pleading guilty to three counts of fraud....
Policy & Regulation
The cost of fraud to financial services in Australia is 3.78 times the amount of the lost transaction value, according to a study....
Policy & Regulation
The Queensland property developer has been found guilty of six counts of self-managed super fund fraud totalling $345,000, having initially arrested back in 2017....
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MARKET INSIGHTS
Podcast
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...
This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....