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RBA cos. fined $21M after pleading guilty in foreign bribery scandal
White Collar 2018-11-28 9:55 pm By Christine Caulfield

The Reserve Bank of Australia’s two banknote subsidiaries pleaded guilty to foreign bribery charges in 2011 and paid fines of more than $21 million, it was revealed Wednesday after a seven-year suppression order was lifted.

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Accountant lied to conceal Centaur Ponzi scheme, court hears
Restructuring & Insolvency 2018-11-19 10:02 pm By Miklos Bolza

The accountant and best friend of fraudster Scott Williams “prevaricated and lied” to hide his knowledge of the Centaur Litigation Ponzi scheme that misappropriated $32 million and led to the collapse of the litigation funder, a court has heard.

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Ex-credit union CEO charged over board vote-rigging probe
White Collar 2018-10-17 3:55 pm By Cat Fredenburgh

The former CEO of a Victoria-based credit union has been hit with a criminal charge in relation to an ASIC probe into voting irregularities during a 2015 election for two company board seats.

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Ex-CBA banker to stand trial for role in $170M home loan fraud scheme
White Collar 2018-10-12 4:49 pm By Cat Fredenburgh

A former mobile lender with the Commonwealth Bank of Australia will stand trial for his alleged role in a massive $170 million home loan fraud scheme that targeted Australia’s largest banks.

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Ponzi schemer’s co. to face claims in Westpac class action
Class Actions 2018-10-08 8:28 pm By Cat Fredenburgh

A Federal Court judge has allowed the plaintiffs in a class action alleging a unit of Westpac failed to detect the fraud of convicted Ponzi schemer Michael Samra to proceed with their claims against Samra’s defunct company.

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AFP brings foreign bribery charges
White Collar 2018-09-14 11:04 pm By Cat Fredenburgh

A Sydney executive of a company specialising in trading rock phosphate has been charged with conspiring to bribe foreign officials in Nauru.

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Criminal cartel cases the tip of the iceberg, lawyers say
Competition & Consumer Protection 2018-08-27 11:01 pm By Cat Fredenburgh

The two criminal cartel cases brought by the ACCC in the past three months are just the beginning, lawyers say, with three or four more criminal matters expected to be brought by the end of the year.

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Ex-mining boss Darren Lind found guilty of insider trading
White Collar 2018-08-21 10:05 pm By Christine Caulfield

A jury has found the former managing director of South Australian mining exploration company Golden Fields Resources guilty of two counts of insider trading, the corporate regulator said Tuesday.

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Politician charged with insider trading of Australian biotech stock
Securities 2018-08-08 11:58 pm By Cat Fredenburgh

A New York politician who was one of the earliest supporters of President Donald Trump has been indicted on charges of insider trading related to his investments in Australian biotech firm Innate Immunotherapeutics.

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Former Healthe Care exec charged with insider trading
White Collar 2018-07-23 5:42 pm By Cat Fredenburgh

A former executive of hospital operatorĀ Healthe Care Pty has been charged with three counts of insider trading, the Australian Securities and Investments Commission said Monday.

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