102yo grandmother scammed out of aged care bond in $375,000 email hack. When 102-year-old Nancy Pun's $375,000 aged care home deposit was stolen, her family could not bring themselves to tell her.
Key points: Consumer Protection WA believes scammers are using spyware to access emailsThe Pun family lost $375,000 from the sale of their grandmother's homeThe family is still trying to recover the money, which was meant to go towards their grandmother's care Nancy had only recently settled into an aged care facility, and the family was worried the shock of the missing money would seriously impact her health. The money, from the sale of the Perth home she'd lived in for almost 40 years, was meant to allow Nancy to live comfortably for the rest of her days. Instead, it was seized in an elaborate hack and wound up in the hands of scammers. Victims of horse racing Ponzi scheme search for their missing millions. From the start, the offer seemed too good to be true.
Key points: Seven years after a horse-racing gambling syndicate collapsed, investors still don't know where all their money wentA court has found the syndicate was actually a Ponzi schemePolice have declined to prosecute the scam's middlemen In 2012, a workmate in the oil industry invited Peter to join "The Edge", a secret punting club promising unheard-of returns. He told Peter the mastermind behind the plan, well-known horse racing identity Bill Vlahos, had a magic formula for picking winners. Looking back now, Peter knows he should have trusted his instincts when he first learned how the system worked.
"I said, 'That sounds like a Ponzi scheme,'" Peter recalls. But, like the 1,800 others lured into the ill-fated scheme, the dream was being sold not by some shady conman but by someone he trusted. Sunshine Coast woman charged with fraud after allegedly luring desperate renters to pay for a fake rental home. A Sunshine Coast woman has been charged with fraud and forgery after she allegedly preyed on vulnerable people desperate to secure a rental property.
Key points: Police alleged the woman obtained about $10,000 each time from several victimsThey said the woman once rented the Ilkley property, but falsely claimed to own itA Palmwoods woman has been charged with eight fraud and forgery offences It is alleged Patricia Anne McIntyre, 50, convinced people to pay thousands of dollars in advanced to secure a lease on a faked rental. Queensland police said Ms McIntyre, from Palmwoods, used a false name to advertise an Ilkley property online, after seeing people's desperate pleas for rental housing on social media. Detective Senior Sergeant Daren Edwards said police would allege Ms McIntyre obtained "approximately $10,000 advanced rental each time" by offering alleged victims the home if they agreed to pay months in advance for the property.
Police looking for more victims. Cheryl and Faye thought they had nearly $1m invested with 'friend' Melissa Caddick. Then she went missing - ABC News. Choosing who to entrust your life savings to is a fraught decision, so Cheryl Kraft Reid went with someone she thought she could trust.
Key points: Melissa Caddick went missing in November after her home was raided by corporate watchdog ASICCheryl Kraft Reid and her wife believed they held a CommSec account and cash savings worth more than $900,000 through Ms Caddick's financial firmMs Caddick has not been seen since November 12 Ms Kraft Reid, 53, and her wife Faye Reid, 69, thought they had nearly a million dollars of superannuation safely invested with Melissa Caddick's boutique financial services firm Maliver.
Former BlueScope Steel executive Jason Ellis sentenced for obstructing ACCC price-fixing investigation - ABC News. Former BlueScope Steel executive Jason Ellis has been sentenced to eight months' imprisonment but might not actually end up spending any time in jail.
He was convicted by the NSW Local Court for inciting others to obstruct a price-fixing investigation by the Australian Competition and Consumer Commission (ACCC). Mr Ellis will be released, without entering custody, provided he remains on "good behaviour" for two years and pays a $1,000 recognizance (or bond). BlueScope's former general manager of sales and marketing was also hit with a punishment — a $10,000 fine. Magistrate Jennifer Atkinson said Mr Ellis had committed a serious offence, and that "in all dealings [with the ACCC] a person needs to allow investigations to run properly, without any attempt to hinder investigations by officials". The former executive incited two of his fellow BlueScope colleagues to give false evidence to the ACCC, regarding discussions they had at meetings with competing steel companies. Perth man Craig Robert Dale charged over alleged $2.9m fraud in remote Kimberley community - ABC News.
A Perth man has been charged over allegations he defrauded a Kimberley remote community of nearly $3 million.
Key points: The funds were supposed to be used to construct community housingPolice say Mr Dale used funds to pay personal debts and for gamblingMr Dale has been granted bail but required to stay in Perth Detectives from the Financial Crimes Squad have charged Craig Robert Dale with 15 counts of gains benefit by fraud in connection with his activities in the Warmun community in 2013. Police allege Mr Dale, 53, approached the Warmun Council offering to replace a burned building and construct additional accommodation for staff. According to police he then misled the council by saying it would need to pay funds into a trust account and that what was then the Department of Housing was willing to reimburse the community for any costs paid. Job ads targeting migrants overwhelmingly offering below the minimum wage - ABC News.
Almost nine in 10 job ads written in foreign languages and targeting migrant workers are offering below the award rate, according to unions and researchers, which say it represents an alarming spike in attempted illegal exploitation during the pandemic.
Key points: A survey of 3,000 job ads in languages including Chinese and Spanish found 88pc of listings offered illegal pay ratesConstruction was the worst industry for migrant wage theft, with 97.3pc of jobs advertised paying below the minimum wageThe Fair Work Ombudsman says it started litigation on behalf of 24 visa holders last financial year Unions NSW conducted a survey of 3,000 job ads in languages such as Chinese and Spanish and found 88 per cent were advertising illegal pay rates, with the construction and cleaning industries the worst offenders. Here's how the Government is moving to detect, trace and block scam calls - ABC News.
Have you been targeted by scammers this year?
You're not alone. Shredded documents at centre of NSW Premier Gladys Berejiklian grants controversy recovered by forensic data search - ABC News. Copies of shredded and deleted documents at the centre of pork barrelling accusations against NSW Premier Gladys Berejiklian have been recovered through a forensic data search.
David Shoebridge said the documents prove the Premier approved the spendingNearly all of the $141m of grants she approved fall within Coalition seatsThe documents, which were shredded, were recovered and given to Parliament last night The documents outline the approval of hundreds of millions of dollars in local government grants under the Stronger Communities Fund which were made in the lead-up to the 2019 state election. Nearly all the grants were awarded to local councils in Coalition-held seats. Ms Berejiklian's office carried out the data search under the orders of the parliamentary inquiry examining the grants program. South Korean computer 'geek' bailed over alleged $360,000 theft from elderly Canberra woman - ABC News. A South Korean visitor to Australia has been freed on bail despite concerns from ACT police that he will try to flee the country while facing 27 charges of fraud.
Key points: Byung Uk Cho was arrested last month by police at Sydney Airport for allegedly stealing more than $360,000 from an 89-year-old Canberra womanMr Cho has pleaded not guilty to all chargesHe was granted bail on the conditions he report daily to police, remain in the ACT and not apply for a new passport. Tradies frustrated by banks as business email scam costs them $51,000 - ABC News.
As Jane Fleming lit the candles on her son's birthday cake, she was preoccupied with a substantial sum of missing money — $51,000 to be precise. Key points: Scammers intercepted an email and changed the banking details on the attached invoicePolice believe the account used by the scammers was likely set up using a false nameBusiness email compromise scams cost Australians millions of dollars a year.
Victorian gambling regulator in the spotlight after Crown's 'bombshell' money laundering admission - ABC News. Victoria's gambling regulator and the State Government are under increasing pressure over its handling of Crown Casino after the gaming giant admitted money laundering was likely to have occurred at its Melbourne and Perth casinos. Key points: A NSW inquiry has spent months probing the operations of Crown ResortsThe inquiry was launched after the media reported allegations of money laundering at Crown's casinosCrown told the NSW inquiry money laundering had likely occurred through some of its VIP accounts The admission to a NSW inquiry has prompted that state's regulator to delay the opening of Crown's new multi-billion-dollar casino in Sydney.
The NSW inquiry is assessing Crown Resorts' suitability to hold a casino licence. The revelations in Sydney about Crown's Melbourne operations have raised fresh questions over the effectiveness of the Victoria Commission for Gaming and Liquor Regulation (VCGLR) which has been approached with multiple complaints about Crown in recent years. Apple reaches $150 million settlement with US states on iPhone throttling - ABC News. Apple will pay $US113 million ($154 million) to settle allegations from 33 US states and the District of Columbia that it slowed down iPhones to mask battery issues and get users to purchase new devices, state officials announced.
Key points: US states contested Apple acted deceptively and should have replaced batteries Millions of users were affected by power shutoffs, according to court filingsApple denied wrongdoing but agreed to provide "truthful information" on power management The deal with a coalition led by Arizona, Arkansas and Indiana is separate from a proposed settlement Apple reached in March to pay affected iPhone owners up to $US500 million ($685 million) to stem a class action. Apple in 2016 quietly updated software on models of the iPhone 6, 7 and SE to throttle chip speeds so that aging batteries on the devices would not send power spikes to the phone's processor and cause it to unexpectedly shut down. ASIC acting chair says former chairman refused to implement governance changes - ABC News. The head of the Australian Securities and Investment's Commission (ASIC) says the regulator could have avoided being embroiled in an overpayments scandal had its former chairman agreed to change ASIC's governance.
Key points: ASIC's acting chair Karen Chester said former chair James Shipton had refused her recommendation to change ASIC's governance structureMs Chester said Mr Shipton was in charge of informing the commission of his own overpayments that were flagged by the ANAOThe auditor-general and former government commissioners say problems with ASIC's governance and culture are what led to the overpayments not being addressed for two years ASIC acting chair Karen Chester appeared before a Parliamentary Joint Committee on corporations and financial services on Wednesday, primarily to answer questions about why overpayments made to two former executive were not addressed by the watchdog.
Former chairman was in charge of informing ASIC about overpayments. Brisbane man arrested following AFP's nine-year foreign bribery investigation involving Iraqi Oil Ministry - ABC News. A Brisbane man has been arrested and two other men are wanted over an alleged $1 billion international corruption investigation involving Iraqi officials. Key points: A former Queensland executive is charged over his alleged involvement in a $1 billion international bribery schemeThe major AFP investigation Operation Trig spanned nine years and 10 countriesIt's alleged Leighton Offshore funnelled bribes that targeted officials in the Iraqi Oil Ministry The Australian Federal Police (AFP) said the arrest was the result of a nine-year international investigation involving UK and US authorities looking into bribes that allegedly targeted officials from the Iraqi Oil Ministry and an Iraqi company.
The AFP said it was tipped off by Australian company Leighton Holdings in 2011 about irregular payments made by a Singapore-based company, Leighton Offshore Pty Ltd. The tip-off triggered police to establish a dedicated investigation code-named Operation Trig. How TV's Dr Brad McKay became the face of an online keto pill scam - ABC News. When Sydney GP Dr Brad McKay discovered he was the "face" of Facebook ads selling fake health products in Australia, he wrongly thought it would be easy to shut down with a quick report to the social networking site. NSW Government bought land for three times its value for light rail project - ABC News. A major land deal is under scrutiny after the New South Wales Government paid three times its value in an urgent "out of session" meeting.
Key points: Caravan and motorhome scammers target Australians during the coronavirus pandemic - ABC News. Carolyn Robertson never saw herself as the kind of person who would buy a caravan. Grey nomads to be paid back hundreds of thousands of dollars after claim against motorhome dealer - ABC News. Hundreds of thousands of dollars in compensation will be paid to a group of grey nomads and retirees after a Queensland motorhome dealer was found responsible for causing them financial loss. Horses for Harmony charity sold raffle tickets for Corvette but never drew a winner - ABC News. The directors of a failed horse therapy charity sold more than $250,000 worth of raffle tickets for a prized Corvette that nobody won. Federal Government handed almost $1m in contracts to controversial aged care executive Gary Barnier - ABC News.
The Federal Government handed almost $1 million in contracts to a controversial aged care executive without contacting any other potential suppliers. Sydney concert promoter Harpreet Singh Sahni confesses to $50 million cryptocurrency scam - ABC News. Perth businessman Chris Marco's alleged Ponzi scheme left investors billions short, court told - ABC News. The Federal Court has heard allegations Perth businessman Chris Marco ran a Ponzi scheme of "significant proportions" which left his investors $2.1 billion short of what they could have earned if he had delivered on his promises.
Puppy scams cost Australians $1.3m this year. These women are fighting back. AFP arrest trio for trying to defraud coronavirus superannuation early access scheme - ABC News. NSW Government concerned by Sydney councils failing to comply with transparency rules - ABC News. Coronavirus stimulus measures like JobKeeper are keeping zombie businesses alive, warn insolvency practitioners - ABC News. Grassroots volunteer group Locals for Metro South-West financially backed by Sydney developer - ABC News.
Car buyers saddled with debt after signing up to loans they can't afford. Updated 14 minutes agoThu 26 Mar 2020, 11:32pm Helen Harrison thinks the car salesmen saw her coming. Families pay thousands for headstones but say Darwin company Allstone NT did not deliver. Posted about an hour agoFri 6 Mar 2020, 11:32pm Eight grieving families across the country say they have paid thousands of dollars to a Northern Territory headstone company that has effectively disappeared. Clive Palmer charged with more offences by ASIC. The Government is facing an existential threat, but unlike coronavirus, it's completely in its control.
Victorian vegetable grower paid 'vast amounts of cash' to pay illegal workers, Melbourne court told. Banks accused of failing to protect customers from billing scams by not checking account names. Scams surge as growing numbers of West Australians ripped off by fraud. The multi-million-dollar 'dummy director' scam using vulnerable Australians to rip off the tax office. Queensland Health's Metro North accused of silencing critics with culture of legal bullying. 4WD hire firm goes into liquidation as clients chase money owed amid court action. More than 400 bushfire fundraiser scams reported as well-wishers dig deep for fire relief. Christian missionaries retract claim that God TV is preventing suicide in remote Indigenous communities. The cyber pirates of the Caribbean responsible for online fraud that robs Australians of millions.
SA police officer led 'dangerous cult's' attempts to have critic criminally charged. Federal Court slaps online drug company with $10 million fine for marketing 'dangerous' products. Murray-Darling Basin Plan 'untenable' says NSW, as Inspector-General says more corruption wouldn't surprise - Politics. An extraordinary silence lingers as major parties go missing on Crown. I Cook Foods alleges Dandenong council health inspector planted slug in catering firm's kitchen. Name and shame tax evaders, says journalist behind Panama Papers. Could art forgers be targeting Australia's biggest contemporary artist?
Moon landing footage would have been impossible to fake — a film expert explains why. These student renters claim they were ripped off, so they took matters into their own hands. Pharma giant using loophole to falsely promote opioid pain relief product across Australia. How taxpayers are funding a huge corporate expansion in the Murray-Darling Basin.
'He could check everything I bought': This is what financial abuse looks like. ASIC strikes convicted Darwin fraudsters off corporate register. Bitcoin investment scam steals tens of thousands from couple as cryptocurrency losses grow. 'No justice at all': How 50 victims of tax fraudster Richard Hogg got lumped with big ATO debts. ATO whistleblower facing 161-year prison sentence says he 'almost died from the stress' Licence to steal: The roadblock preventing fraud victims from recouping their identity. The next asbestos? What do the Monsanto trials mean for the future of Roundup. Fake booze kingpin's tax bill 'substantially greater' than $87m, report says. Corrupt contractor jailed over dealings with Ipswich City Council.
'Loom' scam lures with promises of earning quick cash through social media. Queensland line dancing scam sees retirees' lose hundreds of thousands of dollars, police say. AFP raids broker's offices as retiree loses $270k in superannuation. Millions withheld from Australian online traders as broker has licence stripped and accounts frozen. How Australian transport authorities played cat and mouse with Uber's Greyball. Man charged over alleged multi-million-dollar bogus property investment scheme. Builder suspended by Victorian authority over substandard Melbourne developments.
Dodgy tradies are giving builders a bad name, industry warns. Australian author 'shattered' that his 2013 novel has resemblance to new film Yesterday. Bestjet's former employees claim refunds were deliberately 'stalled' until customers 'hounded' staff. Queensland floods: Swollen Flinders River now 60km wide. Woolworths pokies players plied with free drinks to keep them gambling, whistleblower says. Global drug trafficking operation run out of Villawood detention centre, phone taps reveal. NT Beverages was on brink of collapse when it received $10m of taxpayers funds, report finds. ATO closes in on fake alcohol wholesaler Fernbrew, facing large tax bill after audit.
How to avoid being fleeced by direct billing mobile phone scams. ABC presenters Virginia Trioli, Michael Rowland used in fake news scam. GoFundMe raises thousands for unpaid Fyre Festival worker featured in Netflix film. BHP allegedly underpaid at least $200 million in iron ore royalties to WA Government. Staff member from Trade and Investment Queensland sacked over alleged 'sophisticated' fraud. Sunscreen pills sold to Australians online likely ineffective and dangerous, experts say. Bestjet collapse leaves angry customers feeling 'cheated and robbed' amid booking chaos. Contractors say NT Government let them down over owed wages. Adani employee and traditional owner referred to ASIC over million-dollar trust fund collapse.
NT Beverages enters voluntary administration despite $10 million boost from taxpayers. Your rights when you discover your hotel room is nothing like what was advertised. Jetstar named 'worst offender' as Qantas, Virgin and Tigerair also investigated for misleading refund policies. Wotif forced to refund holidaymaker given 'basement' after tribunal finds misleading conduct. Quick-thinking retail worker saves Tasmanian woman from losing thousands to scammers.
Major developers awarded millions through controversial Indigenous employment fund. Australia's endangered forests are being 'stolen' and sold in your local hardware store. Victorians to decide whether underpaying workers is jail-worthy offence. Capilano, Australia's biggest honey producer, and supermarkets accused of selling 'fake' honey.
NT Beverages' charitable foundation has never made a donation. Ex-APRA manager accused of rorting credit union while pocketing six-figure salary, court documents reveal. Ombudsman says Bendigo high school principal who gave jobs to wife and son ran college like 'personal fiefdom' Public funds to kill crown-of-thorns starfish funnelled through companies linked to tourism operators. Former Dover Financial boss Terry McMaster claims ASIC has a 'vendetta' against him. Fruit needle scare: Police investigate another metal find, but Tasmanian growers 'confident'