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Forum Finance boss headed back to Australia to face $263M fraud claims, court hears
Financial Services 2021-07-07 4:51 pm By Cat Fredenburgh

The director of Forum Finance, which has been accused by Westpac and Societe Generale of a $263 million fraud, is in Europe and will return to Australia over the weekend, although he has refused to tell his lawyer his exact location, a court has heard.

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Halifax auditor pleads guilty to criminal charges over auditing breaches
Accounting 2021-07-07 9:29 am By Cat Fredenburgh

The auditor of stockbroker Halifax Investment Services, whose 2008 collapse left around $200 million in client funds trapped, has pleaded guilty to the first criminal charges brought over auditing services in Australia.

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Ex-Quantum boss pleads guilty to market manipulation, insider trading
Energy & Natural Resources 2021-07-01 2:45 pm By Christine Caulfield

Former Quantum Resources CEO and director Avrohom Kimelman faces up to 20 years in jail after pleading guilty to charges of insider trading and conspiring to manipulate the market in shares of the company, now known as Nova Minerals.

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Mayfair 101’s James Mawhinney says he should not face penalty in ASIC case
Financial Services 2021-06-30 1:15 pm By Cindy Cameronne

The founder of embattled investment group Mayfair 101, James Mawhinney, will argue that he should not be ordered to pay any penalty after the company was found to have misled investors about its financial products.

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Former Nuix CFO, family members caught up in $17.8M insider trading probe
White Collar 2021-06-29 2:20 pm By Christine Caulfield

The corporate regulator has secured a travel ban against the brother of former Nuix CFO Stephen Doyle as it pursues a criminal investigation of alleged insider trading by the executive and his family.

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Sydney office of Nuix raided by AFP, as class action firms circle
Securities 2021-06-24 1:22 pm By Cat Fredenburgh

The Australian Federal Police executed a search warrant on the Sydney office of technology company Nuix, which is now facing the threat of at least three class actions over disclosures concerning its $2.9 billion float, one of which is now well advanced.

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Ex-Kleenmaid director wins retrial on charges relating to $13M Westpac fraud
White Collar 2021-06-15 10:12 pm By Cat Fredenburgh

An appeals court has set aside the fraud and insolvent trading conviction of Andrew Young, founder of defunct whitegoods distributor Kleenmaid, and ordered a retrial after finding a jury should have determined whether he was mentally fit to stand trial.

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Halifax auditor faces first criminal charges over auditing breaches
White Collar 2021-06-08 1:49 pm By Cat Fredenburgh

Criminal charges have been laid against the auditor of stockbroker Halifax Investment Services, whose 2008 collapse left around $200 million in client funds trapped, in the first criminal charges brought over auditing services in Australia.

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ME Bank faces criminal charges after ASIC investigation
White Collar 2021-05-27 1:58 pm By Cat Fredenburgh

Members Equity Bank has been hit with criminal charges for allegedly making false or misleading representations and violating the National Credit Code.

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Former Healthe Care exec pleads guilty to insider trading
White Collar 2021-05-21 3:57 pm By Cat Fredenburgh

A former executive of hospital operator Healthe Care Pty has pleaded guilty to one charge of insider trading for acquiring a large number of shares in Pulse Health while in possession of inside information about the private hospital operator.

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