Category: Fraud s192E

Fraud Charges Dropped Against Woman Who Overdrew $4.6 Million


By Sonia Hickey and Ugur Nedim Fraud charges against a former Sydney University student who spent $4.6 million dollars after a Westpac banking error have been dropped. Christine Lee was charged with ‘dishonestly obtaining financial advantage by deception’ and ‘knowingly dealing with the proceeds of crime’ last year after going on a multi-million-dollar spending spree. ...

There’s a Resounding Silence Over the Paradise Papers Revelations


By Paul Gregoire and Ugur Nedim The largest leak of financial information in history was made globally last week and the reaction has been lacklustre. The 13.4 million files that make up the Paradise Papers uncover the financial dealings of the ultra-rich and major corporations in offshore tax havens. Most of the documents were derived ...

Serco-Run Facilities: Fraud, Failures and Fatal Errors


By Zeb Holmes and Ugur Nedim Australian governments pay the Serco group tens of millions of dollars every year to manage sensitive public services such as correctional and detention centres, and a range of defence contracts. The UK-based company is even making a bid to run our public housing. However, Serco has come under fire in recent ...

Report Recommends Increasing Penalties for White Collar Offences


By Zeb Holmes and Ugur Nedim A review of Australian corporations law has stated that punishments for many white collar crimes and regulatory breaches are too weak to act as a deterrent. The Financial System Inquiry was established by Financial Services Minister, Kelly O’Dwyer, who suggested that penalties for some breaches and offences are “inadequate ...

Are Your Household Appliances Spying on You?


By Sonia Hickey and Ugur Nedim Baby monitors, your fridge, TV and sport shoes could soon be the focus of new laws amid growing concerns of hacking which can lead to the unauthorised use of images, stalking and fraud offences. The federal government is considering legislation and a mandatory cyber security rating for web-enabled household ...

The Social Media Platform Causing the Most Harm to Kids


Do you know what your kids are up to online these school holidays? We know the stories: the horrendous accounts of relentless bullying which result in young people suffering trauma, or engaging in self-harm, or worse. Indeed, more and more children are presenting to psychologists with a phenomenon known as ‘social media anxiety’. Technology is ...

Five Arrested in $30 Million Investment Scam


Five people have been arrested over yet another investment scam, with police alleging the defendants defrauded more than $30 million over three years from unsuspecting Australians. The investment fraud syndicate allegedly worked on a cold calling system between 2012 and 2015, ripping off around 2000 Australians. The arrests are the culmination of a two-year long ...

NSW Lawyer Steals Over $300,000 From Clients


By Paul Gregoire and Ugur Nedim Another NSW lawyer has been struck off the roll of legal practitioners. Although, it’s not a common occurrence, there are lawyers who breach their professional obligations and commit serious offences against their very own clients. And when it does happen, the consequences can be dire. Ms Tereze Dzitars recently found ...

NSW Crimes Rates are the Lowest in 40 Years


By Zeb Holmes and Ugur Nedim Crime rates across NSW have dropped to their lowest in 40 years. The latest annual report by the NSW Bureau of Crime Statistics and Research (BOCSAR) has found that most major categories of crime have fallen or remained steady over the 24 months to December 2016. Specific Crime Rate ...

Belle Gibson Guilty, But Not Deterred


By Sonia Hickey and Ugur Nedim The federal court delivered its judgment on disgraced wellness blogger Belle Gibson this week, finding she broke the law in “most but not all” of the allegations brought against her. In handing down the decision, Justice Mortimer found that Ms Gibson deliberately deceived and misled the Australian public, but that ...