Florida man charged with using COVID-19 relief funds to buy sports car

A US man has been charged after using COVID-19 relief funds for personal gain, after he was caught using the funds to purchase a sports car. The Miami, Florida man had obtained US$3.9 million (AUD$5.4 million) in Paycheck Protection Program (PPP) loans provided through the  Act enacted on March 29. 29-year-old David Hines was charged…

A Retiree Lost Almost $2.6 Million To An Alleged Business Opportunity Fraud

A 38 year old man has been charged for allegedly obtaining almost $2.6 million fraudulently from one victim through a series of financial transaction. During a Police investigation into unexplained wealth of a Dianella man resulted him arrested by financial crime squad detectives at a casino last Thursday. Police alleged between June 2017 and November…

32 Year Old Man Charged For “Card Skimming” Offences

A man has been charged as a result of WA Police’s ongoing investigation into an international established criminal network in local “card skimming’ crimes. In September this year, Police were advice that two compromised ATMs in Perth was linked to subsequent unauthorized transactions which worth more than $100,000. It’s understood the transactions took place between…

Two people charged following investigation into an alleged 10 million dollar fraud

Following an investigation into an alleged fraud of more than 10 million dollars involving a mining services company, two people have been charged by Police. Major Fraud Squad has launched a comprehensive investigation through Operation Compact in April 2019, which looked into ‘false billing offending’ or ‘unsolicited office supply offending’. Police will alleged the offending…

Former Trump Campaign Chairman prison-bound

By Helene Fung Paul Manafort, the former campaign chairman for US President Donald Trump, has been sentenced to 47 months in jail due to tax fraud and bank fraud charges. He’s also been ordered to pay fines of more than US$24 million. Manafort has hidden earnings he made in the Ukraine from the US Inland…

Major Fraud Squad Investigations charge 4 men

A joint investigation between WA Police Major Fraud Squad and the Australia Criminal Intelligence Commission Perth, targeted an international fraud syndicate, who allegedly were planning to commit fraud offences and use compromised credit card details to steal $45,000 dollars in off shore transfers. It was found the syndicate had registered five Australian companies, leased multiple business premises,…

Police Taskforce to Crack Down on “Card Not Present” EFTPOS Fraud

WA Police are fighting wireless EFTPOS machine fraud with a new taskforce clamping down on “card not present” crime. A taskforce will be established named Taskforce Travel to focus on offenders who manually manipulate wireless EFTPOS machines at small businesses to fraudulently obtain goods and cash. “Offenders generally enter stolen or fake bank card details…

Martin Shkreli sentenced to 7 year jail for investor fraud

Martin Shkreli, who gained notoriety for dramatically increasing the price of a life-saving pill, has been sentenced to seven years in prison and a $US75,000($A105,000) fine for defrauding investors. US District Judge Kiyo Matsumoto set the sentence, which was significantly longer than the 12 to 18 month sentence Shkreli’s lawyers were seeking but still shorter…