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‘Grave concerns’: Westpac accuses alleged fraudster of lying about assets

‘Grave concerns’: Westpac accuses alleged fraudster of lying about assets

Colourful football personality Bill Papas has finally submitted a list of his assets to the court after repeatedly missing deadlines.

  • by Sarah Danckert and Charlotte Grieve

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US man pleads guilty over attempted $430m COVID fraud on NSW

US man pleads guilty over attempted $430m COVID fraud on NSW

Plea agreement shows that NSW came perilously close to handing over $430 million to a Texan man who was offering to sell 50 million COVID-19 protective masks he did not have.

  • by Sarah Danckert
NAB to launch $2.5b share buyback

NAB to launch $2.5b share buyback

As COVID-19 reached Australia’s shores, NAB was quick to launch a capital raise. Sixteen months later, it has launched a buyback.

  • by Charlotte Grieve
ASIC hits AMP with fresh court case over ‘fees for no service’ scandal

ASIC hits AMP with fresh court case over ‘fees for no service’ scandal

The action comes just two weeks after the Australian Securities and Investments Commission said it had finalised its investigation into AMP’s financial planning business.

  • by Sarah Danckert
Dividend-tax trades were criminal and ‘blatant’ money grab, German court says

Dividend-tax trades were criminal and ‘blatant’ money grab, German court says

Cum-Ex trading, which involved dozen of global banks including Macquarie Bank, was illegal and can be punished as crimes, Germany’s top criminal court ruled.

  • by Josefine Fokuhl, Karin Matussek, Miriam Steffens and Clancy Yeates
Liverpool FC among customers left in lurch by Forum collapse

Liverpool FC among customers left in lurch by Forum collapse

The Premier League club, Longrain Melbourne, Woolworths and Stockland are among the customers that have been left in the dark following the collapse of a waste management company owned by Bill Papas.

  • by Sarah Danckert and Charlotte Grieve
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‘No corners cut’: Macquarie defends role in disastrous Nuix float

‘No corners cut’: Macquarie defends role in disastrous Nuix float

Macquarie Group says an internal review has found the bank followed a rigorous process in handling the initial public offering.

  • by Clancy Yeates
‘Beyond not good enough’: Alleged Westpac fraudster slammed in court

‘Beyond not good enough’: Alleged Westpac fraudster slammed in court

Alleged Westpac fraudster Bill Papas is refusing to return to Australia unless he receives more money to fund his lifestyle and return tickets to Greece.

  • by Sarah Danckert and Charlotte Grieve
Forum’s $500,000 car crash footage emerges as wealthy investors dodge bullet

Forum’s $500,000 car crash footage emerges as wealthy investors dodge bullet

The spectacular crash comes as high net worth investors unknowingly funded the alleged fraudsters’ purchase of a $50 million property portfolio using Westpac’s money.

  • by Sarah Danckert and Charlotte Grieve
CBA’s Comyn warns on Apple’s ‘tremendous market power’

CBA’s Comyn warns on Apple’s ‘tremendous market power’

CBA’s chief has sounded a warning over Apple’s growing dominance in digital wallets, accusing the technology giant of choking off competition.

  • by Clancy Yeates
‘Forum can help’: Company at centre of $400m Westpac fraud open for business
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Westpac

‘Forum can help’: Company at centre of $400m Westpac fraud open for business

An email trail reveals Forum Group has been spruiking its wares in a desperate plea to drum up new business, while liquidators sniff out assets and its founder remains in Greece.

  • by Charlotte Grieve and Sarah Danckert