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ASIC will ask to have Melissa Caddick charges dropped
White Collar 2021-03-29 4:28 pm By Cindy Cameronne

The Australian Securities and Investments Commission will seek to drop all charges which were the subject of an arrest warrant against accused fraudster Melissa Caddick, after her remains were found on the NSW South Coast in February.

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Corrs Chambers hired to assist royal commission into Crown Resorts
Crown Resorts 2021-03-29 3:00 pm By Cat Fredenburgh

Corrs Chambers Westgarth will assist former Federal Court judge Ray Finkelstein QC’s royal commission into whether Crown Melbourne is suitable to hold a casino licence in the state, and has kicked off by seeking documents from James Packer’s Consolidated Press Holdings.

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Remains of accused con artist Melissa Caddick found on NSW South Coast
Financial Services 2021-02-26 9:38 am By Christine Caulfield

Police have identified human remains found on a beach on the NSW South Coast as Sydney businesswoman Melissa Caddick, who has not been seen since November.

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Accused fraudster Melissa Caddick spent every cent of investors’ money, liquidator says
White Collar 2021-02-24 10:56 pm By Christine Caulfield

Missing Sydney businesswomen Melissa Caddick was “meticulous and systematic” in generating fake financial records but never made a single investment, pocketing tens of millions of dollars from unwitting family and friends, liquidators say.

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Herbert Smith Freehills advice to Horizon Oil protected by privilege, judge rules
Defamation 2021-02-24 4:58 pm By Cindy Cameronne

Horizon Oil has won its bid to shield Herbert Smith Freehills documents advising the company did not breach foreign bribery laws from being revealed in a defamation lawsuit brought against Fairfax Media by a Papua New Guinea government Minister.

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Individuals who blow the whistle on misconduct to get immunity under new ASIC policy
White Collar 2021-02-24 1:58 pm By Cat Fredenburgh

Legal experts say a new policy unveiled by ASIC allowing individuals involved in serious violations of the Corporations Act to seek immunity in exchange for blowing the whistle on their co-conspirators will go a long way towards helping the regulator uncover “hidden and secretive” misconduct.

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Former Leighton exec faces new foreign bribery charge
Energy & Natural Resources 2021-02-23 3:43 pm By Cindy Cameronne

A former director of a Leighton Holdings subsidiary has been hit with a third foreign bribery charge after a six-year AFP investigation found bribes were paid to Tanzanian public officials to secure a mooring replacement contract worth $US66.48 million.Ā 

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Victoria launches royal commission into Crown Resorts
Crown Resorts 2021-02-22 9:19 pm By Cat Fredenburgh

A royal commission has been established in Victoria to look into whether Crown Melbourne is suitable to hold a casino licence in the state, following a damning report from the NSW gaming authority.

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Ā Ex-CFO pleads guilty to market manipulation
White Collar 2021-02-22 5:33 pm By Cindy Cameronne

The former chief financial officer of delisted Traditional Therapy Clinics has appeared in court after pleading guilty to market manipulation charges relating to transactions intended to create an artificial share price for the traditional therapy clinic company.

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‘Significant shortfall’: Recovery unlikely for investors of accused fraudster Melissa Caddick
White Collar 2021-02-22 1:44 pm By Cat Fredenburgh

Creditors of the company run by missing Sydney businesswoman Melissa Caddick are unlikely to recoup their investments, with a court hearing the accused fraudster has just $5,600 in her bank accounts.

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