Private job-seeking operators are stripping people of unemployment benefits without consulting government departments, leaving them with few avenues of redress despite up to 1 million mistakes being made last year.
I WORKED AS a prison officer in a maximum security prison from 2010-2013. In that time, I met a lot of criminals. I left that job because I had an opportunity to pursue a career investing in the Australian stock market. I did so thinking I was leaving behind a world of criminal behaviour.
Actually, what happened was the opposite.
Why is Sky News after Dark so silent on this and other elite class crime? (ODT)
A former senior manager at Australia’s banking watchdog APRA is accused in a lawsuit of running an array of scams, including engineering sham payouts for his wife and ripping off the credit union that headhunted him as chief executive.
Lyndon Kingston allegedly lined his pockets by rorting expenses and taking kickbacks from uncommercial contracts before he was sacked from a job he claims entitled him to up to $1 million a year.
The credit union Lyndon Kingston ran alleges he took kickbacks from $2.5 million in dodgy contracts
Court documents claim the former APRA manager gave his wife a $340,000 “sham redundancy” and rorted expenses
It alleges Mr Kingston offered the credit union’s chairman a $1.25 million consultancy to get his job back
ASIC is investigating the claims, which Mr Kingston denies
The man running the banking royal commission, Kenneth Hayne, certainly comprehended what was going on when he questioned the head of the trustee responsible for NAB’s superannuation funds.
“Did you think yourself that taking money to which there was no entitlement raised a question of the criminal law?’ he asked.
“I didn’t,” responded Nicole Smith.
Ms Smith’s answer says a lot about the culture of Australian banking, where it seems that profit at any cost is king.
If only concern was given to threats faced by the Individual citizen from both business and the business of cyber crime.We speak of market “freedoms” with little emphasis of “safety” other than “Buyer Beware” were not about to “teach” you the traps witch are increasing daily with data farming. Crime, Punishment are after all a class apart. (ODT)
Unfortunately, with around 3.5 billion internet users globally and well over 10 billion devices in use, cyber security will remain a major headache confronting business and government globally for years to come. For example, over the past year, the size of the global cybercrime economy has grown to more than $2 trillion annually, making it the world’s 13th largest economy by revenue, according to the Into the Web of Profit (Understanding the Growth of the Cybercrime Economy) study recently released by the University of Surrey in the United Kingdom.
Not a African among these Immigrants and good old Aussie boys Andrew Bolt and Peter Dutton. Further none lived in Dandenong yet they ran a war in Melbourne with the aid of our Banks (ODT)
Whether the pinstripe-suited money people are corrupt, don’t care or don’t ask hardly matters, for drug money is not much good unless you can spend it. And the best way to do that is to put it through some form of spin cycle.
“It really does require a sentence to be imposed that will provide adequate deterrence to ensure that investors, who these days often are retired people who have no other means of earning a livelihood except for their investments … are adequately protected,” McLennan told a gobsmacked court.
Macquarie Group faces a major class action over allegations some of its investment advisers artificially inflated the price of a small mining company before a sudden collapse wiped out many of its investors.
What is phoenixing? When a director strips cash and assets before hiding them and liquidating the company, then restarting Usually restarted under a different name, “like a phoenix from the flames” Done to deny creditors and ATO the money owed to them
Legendary investigative journalist Bob Burton shines the spotlight on scandal-ridden private training company, Careers Australia — a major Liberal Party donor.
By February 7 this year, the syndicate which allegedly ran the Plutus Payroll scam had become very nervous about the future of their massive, $165 million fraud.
A crooked accountant who defrauded clients of more than $2 million and then gambled most of it away at Crown casino has been jailed for at least four years.
Rich-list tycoons behind a vocational training empire that collapsed after receiving $100 million in government funding have been implicated in series of fraud allegations, predatory conduct towards vulnerable students and shocking vilification of business associates.
One of Australia’s most notorious corporate fugitives, Abraham “Abe” Goldberg, has died in Poland more than 25 years after his textile empire collapsed with debts of $1.3 billion debts and warrants were issued for his arrest.
Australia is no longer viewed as one of the least dishonest countries in the world.
As part of the government’s newly found willingness to send ministers jetting off to far-flung places to find out what is actually going on (and gaining credits in the polls for doing so), the Prime Minister…
Source: Do the Crime, Do the Time