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12 July 2022 (AFR) – Wirecard forged client details to secure $1.3b SoftBank investment

(12 July 2022, AFR, p26, from Financial Times) – This delve into the recent Wirecard fraud case is incredulous, due to the huge amount of money embezzled. “Frankfurt/London | Wirecard forged client data and lied about internal records to secure a €900 million ($1.3 billion) investment from SoftBank that was seen as a vote of … Continue reading

7 July 2022 (AFR) – Greed drew Goldman to dubious fund

(7 July 2022, AFR, p28, Aaron PatrickSenior correspondent) – This news article gives a great insight into the workings of some hedge funds. “You probably haven’t heard of Bill Hwang, but until the COVID-19 pandemic, he ran a $50 billion hedge fund that blew up in one week. The family-owned fund, Archegos, was one of … Continue reading

4 July 2022 (AFR) – How global fraudsters used a local crypto exchange to fleece this SMSF

(4 July 2022, AFR, p8, Max Mason, Senior reporter) – Investors and traders, watch out for investment scams like this. When Peter Cook received a phone call from a man claiming to be Dave Gold of 500 Investments, the opportunity to get into soon-to-be listed companies overseas sounded like an appealing way to broaden the … Continue reading

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