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Alleged Ponzi schemer Chris Marco charged with 50 fraud counts
ASIC 2022-07-20 9:27 am By Cindy Cameronne Sydney

Accused Ponzi schemer Chris Marco has been hit with criminal charges after an investigation by the Australian Securities and Investments Commission found he defrauded $36.5 million from nine investors.

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Epoch Capital accuses analyst of taking confidential info
Andre Zahra 2022-07-20 11:56 pm By Cindy Cameronne Sydney

Trading firm Epoch Capital has brought proceedings against a quantitative analyst who allegedly downloaded confidential information from the firm’s computers.

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Logistics company drivers are independent contractors, Federal Court finds
Christopher Murdoch 2022-07-20 3:53 pm By Cindy Cameronne Sydney

A judge has found four drivers working with transport company Avert Logistics are independent contractors despite the business supplying vehicles for them.

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Rio Tinto to pay $1B in historic tax settlement with ATO
Energy & Natural Resources 2022-07-20 10:34 pm By Cat Fredenburgh Melbourne

In one of the biggest tax payouts in Australian history, mining giant Rio Tinto will pay close to $1 billion to settle all disputes with the Australian Taxation Office.

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Ben Roberts-Smith witnesses had ‘powerful motive to lie’, Fairfax says
Arthur Moses 2022-07-19 8:25 pm By Cindy Cameronne Sydney

Soldiers who took the stand for Ben Roberts-Smith in his defamation case against Fairfax colluded on the evidence they gave of key events, counsel for Fairfax has told a judge as a long-running trial comes to a close.

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Barrister cites finding that PwC used ‘postbox’ lawyer in Noumi class action privilege spat
Accounting 2022-07-19 4:18 pm By Sam Matthews Melbourne

A fight over a global privilege claim by Noumi has been foreshadowed in a consolidated shareholder class action against the food company, formerly Freedom Foods.

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Forum Finance director failed to disclose $150,000 in assets to court
Allens 2022-07-19 5:40 pm By Sam Matthews Melbourne

Forum Finance director Vince Tesoriero has been caught out for failing to declare over $150,000 to the court, as he took the stand to defend evidence given about his financial position in Westpac’s fraud case against him.

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Redbubble found liable again for infringing Hells Angels trade marks
Allens 2022-07-19 11:08 pm By Christine Caulfield

T-shirts and face masks sold on Redbubble violate Hells Angels’ trademarks, a judge has found, banning the online marketplace from further sales of infringing products and awarding damages to the motorcycle group.

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Grocon CEO Daniel Grollo sued by BOQ over $12M home loan
Construction 2022-07-19 3:04 pm By Christine Caulfield

His property development empire was saved from liquidation, but Daniel Grollo is still being hounded by creditors, with Bank of Queensland suing the Grocon CEO for the outstanding balance on a $12 million home loan.

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Izuzu targeted in class action investigation over allegedly defective utes
Automotive 2022-07-19 5:22 pm By Cat Fredenburgh Melbourne

The law firm whose probe into allegedly defective diesel particulate filters in Toyota cars has led to a verdict worth as much as $2 billion against the car maker has launched a class action investigation into diesel particulate filter issues with two models of Isuzu utes.

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