Category: Fraud Charges

Big Banks Get Away With Fines Despite Allowing Money Laundering to Flourish


By Zeb Holmes and Ugur Nedim The global drug trade is estimated to be worth half a trillion US dollars every year, which accounts for around 1% of all worldwide trade. Those in the higher echelons of drug enterprises are constantly looking for ways to launder the proceeds of their criminal activity; in other words, ...

CBA Fined $700m, while ANZ to Face Criminal Charges for Alleged Cartel Conduct


By Sonia Hickey and Ugur Nedim It was reported this morning that the Commonwealth Bank has agreed to pay a $700 million fine after admitting to systemic breaches of anti-money laundering and counter-terrorism financing laws. The proposed settlement comes after an investigation by the federal government’s financial intelligence gathering agency AUSTRAC, which commenced last year. ...

Ford Fined a Fiesta


The Federal Court has ordered car manufacturer Ford to pay a $10 million fine after finding the way it responded to consumer complaints about PowerShift transmission systems (PST) was “unconscionable”. It has been reported that around 10,000 complaints were made to Ford about issues arising from the transmission systems. Under the Federal Court’s ruling, at ...

AMP May Face Criminal Charges


By Zeb Holmes and Ugur Nedim Senior Council Rowena Orr QC says financial services provider AMP could face criminal charges for making misleading statements to the Australian Securities and Investments Commission (ASIC). Misconduct findings The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (‘the Banking Royal Commission’) heard that AMP made a deliberate ...

Woman Who Defrauded Victims by Claiming to Have Cancer Imprisoned


A 24-year old woman who convinced her parents, friends and neighbours to give her tens of thousands of dollars by falsely claiming that she required the money for lifesaving cancer treatment has been sentenced to three months in prison and a 12 month community corrections order, in a case reminiscent of the Belle Gibson fraud. ...

10 Years in Prison for Multi-Million Dollar Tax Fraud


By Sonia Hickey and Ugur Nedim A 12-year investigation has culminated in the sentencing of a businessman behind what has been described as Australia’s biggest tax fraud. The NSW Supreme Court has sentenced Gold Coast businessman Michael Issakidis to a full term of ten years in prison, with a minimum term of 7 and a ...

NSW Lawyer Struck Off and Prosecuted For Fraud


By Paul Gregoire and Ugur Nedim When applying to be admitted into the Australian legal profession, law graduates are required to undergo a character test to determine whether they are a “fit and proper person” to engage in legal practise. However, there are lawyers who – in the course of practising the law – breach ...

Should Businesses Contribute to Legal Aid Funding?


By Blake O’Connor and Ugur Nedim Unlike in the United States, there is no general right in Australia to a defence lawyer for those who cannot afford it. In fact each year, tens of thousands of people across the country find themselves in the ‘justice gap’ – where they cannot afford private legal representation but ...

12 Reasons to Choose Sydney Criminal Lawyers


Being charged with a criminal offence can be nerve-wracking. You may be unfamiliar with the process, unsure of the best way forward and concerned about the outcome. But whether you are charged with a less-serious matter such as drug possession, drink driving or common assault, or accused of something as serious as commercial drug supply, complex ...

Salim Mehajer Accused of Staging Fake Car Crash


By Zeb Holmes and Ugur Nedim 31-year old former Auburn deputy mayor Salim Mehajer has been charged with perverting the course of justice and conspiring to commit insurance fraud for allegedly staging a car crash to avoid a court hearing. Assault hearing Mr Mehajer was charged with assault occasioning actual bodily harm after allegedly throwing ...