Category: Fraud s192E

General Electric

General Electric Accused of $US38 Billion Fraud


Harry Markopoulos is a private financial investigator who claims to use various mathematical techniques to determine the accuracy of statements released by companies regarding their financial positions. He is best known for making detailed written submissions to the United States Securities and Investment Commission (the SEC) in May 2000, October 2001, October 2005, June 2007 …

The Offence of Obtaining a Benefit by Deception


A former senior executive of Seven West Media, the owners of television Channel 7, was granted conditional bail on 25 July 2019 after being charged with multiple offences arising from his alleged misappropriation of $8 million in company funds. 57-year old John Fitzgerald was employed by Channel 7 in senior roles for 15 years, including …
Centrelink

Centrelink’s Flawed Robo-Debt System is Killing Our Most Vulnerable


The story of Devi Barker, one of Centrelink’s robo-debt victims has put the flawed Government automated debt-recovery system back into the spotlight. Her story is not dissimilar to thousands of other Australians in the same predicament: accused of racking up significant financial debts with the Department of Human Services, which remain accruing interest, until debtors …
University of Sydney

Should University Cheats Face Prison Time?


Federal education minister Dan Tehan has proposed tough new criminal laws which would see students who submit exams and assignments written by others, as well as those who receive fees to write material which they know will be submitted in the names of others, face up to 2 years behind bars. Engaging the services of …
NAB Offices

Former NAB Executive Charged with Fraud


Former National Australia Bank executive Rosemary Rogers has been arrested and charged for her alleged role in an alleged $40 million dollar fraud against the brank. The charges Ms Rogers, the former chief of staff to ex-NAB CEO Andrew Thorburn has been charged with 56 counts of corruptly receiving a benefit as an agent and …
NAB building

Woman Charged for Paying Bribes to NAB Executive


Police are working their way through materials which, they suspect, may implicate former NAB Chief Executive Andrew Thorburn’s Chief of Staff, Rosemary Rogers, in a scheme involving millions of dollars in fraudulent payments to the owner of a service company. Company director charged 43-year old owner-director of event and human resources company ‘Human Group’, Helen …
Fraud law

The Offence of Fraud in New South Wales


A 43-year old tour operator from Illawarra has been sentenced in Downing Centre Local Court after pleading guilty to five counts of fraud under section 192E of the Crimes Act 1900 (NSW). Tony Petrovski admitted making 82 unauthorised transactions totalling $429,318 from the business account of his employer Imperial China Tours between March 2011 and …
ASIC Website

Watchdogs Under Fire for Accepting Gifts


The Australian Investment and Securities Commission (ASIC) and Australian Competition and Consumer Commission (ACCC) are under fire for failing to declare gifts from the businesses they’re supposed to be regulating. ASIC is an Australian government body that is empowered to act as our nation’s corporate regulator. Its primary role is to enforce and regulate company …
Perjury

What is the Offence of Perjury in New South Wales?


Perjury can be generally defined as knowingly telling an untruth during judicial proceedings when under a legal obligation to be honest. It was a common law offence in New South Wales until abolished by section 341 of the Crimes Act 1900 (NSW) and codified in Part 7, Division 4 of that Act, which also contains …
Ford dealership

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 …