White collar crime
Chinese gangsters accused of laundering $228m through business spruiked by ex-minister
Police swooped on suspected members of the “Long River” Australia-wide crime syndicate, accusing them of serious financial crime.
- by Nick McKenzie
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Investigation
Investigation
The perfect fall guy: How hackers used stolen Australian IDs to pull off a major US fraud
The fraud against an investment house tied to one of America’s biggest companies, TPG Capital, sounds more suited to the pages of a modern-day financial crime thriller.
- by Sarah Danckert
High-flying trading boss hit with 16 charges
Former Berndale Capital Securities boss Stavro D’Amore and the trading house’s director Daniel Kirby are accused of misusing client funds and providing false information.
- by Sarah Danckert
Former trading boss Stavro D’Amore charged with money laundering offences
Stavro D’Amore was once the CEO of the fourth-biggest seller of high-risk financial derivatives in Australia.
- by Sarah Danckert
Exclusive
Governance
Gone in 38 seconds: Regulator using AI to reject serious criminal complaints
Thousands of reports are filed each year alleging wrongdoing by people connected to failed companies, but ASIC only pursues less than 3 per cent.
- by Nick Bonyhady and Sarah Danckert
Exclusive
Consulting
Missing millions: Deloitte partner allegedly duped colleagues out of $60m
Amberjit Endow promised high-profile investors – including a former AFL champion – returns of up to 40 per cent in six months for lending him money to purchase what he claimed were Indian government-issued bonds.
- by Nick McKenzie and Simone Fox Koob
Opinion
Cryptocurrencies
FTX fiasco symbolises venture capital cult out of control
Collapsed crypto exchange FTX’s founder Sam Bankman-Fried fitted every entrepreneurial cliché of the past two decades - and the finance industry loved him for it.
- by Matthew Lynn
FTX founder Sam Bankman-Fried pleads not guilty, faces October trial
Experts say a plea deal for the cryptocurrency exchange boss is unlikely as US authorities tend to negotiate with lower-level staff.
- by Ava Benny-Morrison and Chris Dolmetsch
The incredible story of USG’s queen bee and her Australian fixers
The collapse of a major trading house in Australia has again raised questions about the practice of selling financial services licences.
- by Sarah Danckert
Elizabeth Holmes’ former partner sentenced to 13 years in jail in Theranos case
‘Sunny’ Balwani was handed a slightly longer sentence than that given to former Theranos CEO Elizabeth Holmes, who was his lover and accomplice in one of Silicon Valley’s biggest scandals.
- by Michael Liedtke
Glencore hit with $490m fine for bribing its way across Africa
A London court heard details of employees and agents using private jets to transfer cash that was hand-delivered to officials in African countries to get access to oil.
- by Jack Farchy and Jonathan Browning