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JPMorgan disputed existence of cartel agreement with ANZ, court hears
ACCC 2020-07-20 8:31 pm By Miklos Bolza Sydney

Despite receiving immunity in a criminal cartel case against ANZ and two other investment banks, JPMorgan has disputed the existence of any cartel agreement since the early days of the ACCC’s investigations, a court has heard.

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Clive Palmer hit with criminal charges over $12M in transfers
ASIC 2020-07-17 1:58 pm By Cat Fredenburgh Melbourne

Queensland politician and mining magnate Clive Palmer has been hit with criminal charges for allegedly using his position as director of Minerology to allow $12 million in transfers for unauthorised purposes, including to support his party’s political ambitions.

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Former Sydney liquidator faces charges she misappropriated $240,000
ASIC 2020-07-15 6:02 pm By Alison Eveleigh

A former Sydney liquidator has been charged with dishonesty offences and faces possible jail time after allegedly misappropriating almost $240,000 from company bank accounts.

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Guy Sebastian’s former manager Titus Day arrested for alleged $1.15M fraud
Entertainment 2020-07-01 10:04 pm By Christine Caulfield Melbourne

Police have arrested Titus Day, the former manager of pop star Guy Sebastian, over allegations he duped the singer out of $1.15 million over seven years.

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Société Générale Australia pleads guilty to client money offences
ASIC 2020-07-01 2:05 pm By Alison Eveleigh Sydney

An Australian arm of French banking powerhouse Société Générale has pleaded guilty to client money offences, after it reported to the Australian Securities and Investment Commission that it had deposited client money into unauthorised bank accounts.

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Ex-Quantum Resources CEO charged with insider trading
ASIC 2020-06-23 5:46 pm By Alison Eveleigh Sydney

The former company director and CEO of gold exploration company Quantum Resources has been charged with insider trading.

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Witness in ex-Quintis director’s trial must give evidence in person, judge says
Alexander Edwards 2020-06-23 5:16 pm By Cat Fredenburgh Melbourne

In a defeat to the Australian Securities and Investments Commission, a judge has found a key witness in the trial against former Quintis director Frank Wilson must give evidence in person, delaying the hearing indefinitely until coronavirus-related travel restrictions are lifted.

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Employers guilty of wage theft face 10 years in jail under new law
Employment 2020-06-17 5:37 pm By Miklos Bolza Sydney

The Victorian Labor Government has successfully passed a landmark bill which makes the failure to properly pay workers a criminal offence punishable by up to 10 years in prison for guilty business owners.

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Ex-CFO hit with market manipulation charges
White Collar 2020-06-11 3:51 pm By Cat Fredenburgh Melbourne

The former chief financial officer of delisted traditional therapy clinic company Traditional Therapy Clinics has been charged with multiple counts of market manipulation and fraud for engaging in share transactions designed to create an artificial price for the company’s share price.

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Banned financial advisor Sam Henderson charged over master’s degree claims
Financial Services 2020-06-10 9:14 pm By Christine Caulfield

Former celebrity advisor Sam Henderson, who was slapped with a three-year financial services ban last year after his appearance at the banking royal commission, has been charged with multiple dishonesty offences.

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