scams

Financial planning

Former NSW adviser banned over cryptocurrency scam investment

ASIC has banned a former NSW adviser from providing advice for 10 years for investing at least $14.8 million into a cryptocurrency-based scam. ...

Financial planning

‘Like pigs to slaughter’: ASIC to shut down almost 100 scam websites

ASIC has been granted permission to shut down almost 100 websites running investment scams, with the Federal Court describing how its victims were “fattened like pigs to ...

Financial planning

ASIC doubles down on investment scam disruption

The corporate regulator has taken down over 7,300 phishing and investment scam websites in the past year, with this area remaining a core strategic priority for ASIC....

Financial planning

ASIC caught up in social media scam

The corporate regulator has issued a warning that its logo is being misused to perpetuate a social media scam promoting fake investments....

Funds management

ASIC alerts investors on Cambridge Asset Management

Noting suspicious ‘investment opportunities’ offered by the Hong Kong-based asset manager, the corporate regulator has raised concerns for local consumers invested in the...

Policy & Regulation

ASIC and ACCC to lead investment scam taskforce

The National Anti-Scam Centre’s new investment scam fusion cell, led by Australia’s corporate and competition regulators, will be initially set up for six months. ...

Funds management

Convicted fraudster dupes NRL’s Jarryd Hayne out of $780k

A Sydney man permanently banned by ASIC and jailed for a Ponzi scheme allegedly duped former NRL player Jarryd Hayne out of $780,000 while the pair were in jail together....

Financial planning

Over $1.5bn lost to investment scams in 2022

The latest Targeting Scams report has revealed Australians lost over $1.5 billion in investment scams in 2022, with the number targeted for investment scams via social me...