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Money for Nothing. Every year, about 90% of consumers either fall for or encounter online scams. And while many consumers are sophisticated enough to avoid some of the most common scams, it doesn ...
It's no secret that fraud is on the rise between investing schemes and elaborate banking scams as criminals become more sophisticated. According to Truecaller, Americans lost almost $40 billion to ...
The Australian Financial Complaints Authority was established on 1 November 2018, replacing the Financial Ombudsman Service (FOS), the Credit and Investments Ombudsman (CIO) and the Superannuation Complaints Tribunal (SCT). [7]
Crown lawyers at this fraud trial of three former Nortel Networks executives say the men defrauded the shareholders of Nortel of more than $5 million. According to the prosecutor this was accomplished by engineering a financial loss in 2002, and a profit in 2003 thereby triggering Return to Profit bonuses of $70 million for top executives.
Forum Group was an Australian managed services provider offering integrated B2B solutions, [1] including IT, [2] print, environment, [3] [4] fleet [5] and security. [6] Founded in 2011 in St Leonards, New South Wales, the business soon became the most elaborate front for a $400m fraud that competes with that of Christopher Skase. [7]
Overcharge Scams. Overcharge scams are a common form of fraud that usually begin with an unsolicited phishing attempt to obtain a credit card holder’s personal information. In this scam, which ...
This scam “fattens a potential victim with flashy fake direct messages, cars, houses, and photoshopped bank profiles with hundreds of thousands of dollars, hoping someone will give in and send ...
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, also known as the Banking Royal Commission and the Hayne Royal Commission, was a royal commission established on 14 December 2017 by the Australian government pursuant to the Royal Commissions Act 1902 to inquire into and report on misconduct in the banking, superannuation, and financial ...