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Court finds former Orix boss engaged in fraud, throws out suit against Chubb
Insurance 2024-11-20 11:13 pm By Cindy Cameronne

A judge has found that former Orix CEO John Carter is not entitled to make claims under a D&O policy, saying he fraudulently failed to disclose to Chubb the payment of alleged secret bribes.

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Banned financial advisor faces charges over undisclosed commissions
Financial Services 2024-11-20 2:10 pm By Julia Kanapathippillai

A banned financial advisor has landed himself in court after allegedly taking secret commissions from clients.

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Barristers acting on instructions from solicitor to be exempt from AML/CTF regime
Legal Ethics 2024-11-15 2:39 pm By Cindy Cameronne

A senate committee has recommended that rules requiring that lawyers comply with anti-money laundering obligations should not apply to barristers acting on instructions from solicitors.

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Investment manager’s not-so ‘Golden Method’ leads to jail time
White Collar 2024-11-11 3:45 pm By Julia Kanapathippillai

A former investment manager who provided investors with forged portfolio reports about his ‘Golden Method’ trading strategy has been sentenced to three years in jail.

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Banksia class action silk pushes off court appearance again
White Collar 2024-11-08 11:58 pm By Sam Matthews

Former top silk Norman O’Bryan, who is facing criminal charges for his role in the notorious Banksia Securities class action, has secured a second adjournment of his case.

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Ex-boss of AI marketing company Metigy charged with misleading investors
White Collar 2024-11-08 11:43 pm By Cat Fredenburgh

The former CEO of failed AI marketing start-up Metigy has been charged with providing false statements to investors and misusing his position as a director following an investigation by the corporate regulator.

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Boss of crypto exchange Mine Digital charged with $2.2M fraud
Cryptocurrency 2024-10-22 4:01 pm By Christine Caulfield

The CEO of defunct cryptocurrency exchange Mine Digital has faced court charged with fraud linked to a $2.2 million transaction.

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‘Audacious fraud’: Banks win $500M case against Forum Finance directors
Financial Services 2024-10-11 1:32 pm By Sam Matthews

Westpac and two other lenders have won their cases alleging they were scammed out of $500 million in loans to the Forum group of companies.

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Court stays Clive Palmer’s challenge to ASIC examination
ASIC 2024-10-09 11:45 pm By Sam Matthews

The CDPP and ASIC have succeeded in staying Clive Palmer’s case challenging the lawfulness of a seven-year-old examination, with a judge finding it would fragment criminal cases against the mining magnate.

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Keystone receivers win freezing order extension against developer
Restructuring & Insolvency 2024-10-07 11:08 pm By Cindy Cameronne

Court-appointed receivers of investment firm Keystone have won an extension to a freezing order against a Melbourne developer who is suspected of receiving $160 million in investor funds. 

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