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A court has appointed receivers to two entities of collapsed asset manager Australian Fiduciaries amid concerns by the corporate regulator that $167 million in funds have been misused, including to buy $600,000 in luxury cars.
Meta has lost its latest bid to strike out the consumer regulator’s case alleging it failed to put up “reasonable safeguards” to prevent scam cryptocurrency ads on its Facebook platform.
The applicant in a class action by former RAMS franchisees can't intervene in proceedings by ASIC against the defunct Westpac mortgage unit, with a judge finding the outcome of the ASIC case will not affect the class action.
A judge has hit Mayfair Group director James Mawhinney with 15-year injunctions, after finding he took a "cavalier attitude to compliance" in marketing notes tied to Mission Beach properties in Queensland.
A jury has convicted Perth businessman Chris Marco of defrauding six investors out of $34 million, but acquitted his former executive assistant.
The corporate regulator has won the High Court's leave to challenge a ruling for cryptocurrency firm Block Earner that it argues will allow future crypto products to evade the rules.
The CDPP has dropped charges accusing former executives of collapsed Bruck Textile Technologies of scheming their way out of making more than $3 million in redundancy payments, following an appellate ruling in their favour clarifying when it's a crime to prevent the payout of employee wages.
Open4Sale Global's directors have been penalised $2.6 million for breaching disclosure laws in raising money from investors, who were labelled "a bunch of idiots" by the company's boss.
French bank Societe Generale has been hit with a $3.88 million fine for allowing two clients to place suspicious orders on the electricity and wheat futures market, following an investigation by ASIC.
The corporate cop has cancelled the financial services licence of MWL Financial and banned its director for 10 years for allegedly directing more than 750 clients to invest a combined $155 million into Keystone's failed Shield Master Fund.