Subiaco Adviser Sentenced for $103M Client Fraud
Anthony Torre, a financial adviser from Subiaco, has been sentenced after plundering over $103 million from clients in a major fraud case that has shocked the community.
Category : Banking
Financial adviser plunders $1.03m from client super
Subiaco financial adviser Anthony Torre defrauded eight clients of $1.03 million from their superannuation. Victims describe a devastating betrayal of trust that shattered their retirement. Read the full story.
Union slams CBA over Bankwest enterprise agreement move
The FSU has condemned CBA's plan to absorb Bankwest's 1400 WA staff into a group-wide agreement, calling it a threat to the bank's identity and workers' rights. Read the full story.
CBA Lifts Fixed Mortgage Rates Amid RBA Hike Forecast
Commonwealth Bank raises fixed home loan rates, with three-year terms jumping 0.7%. Experts warn a 2026 RBA rate rise could add over $1,000 yearly to repayments. Get the latest financial insights.
Former banker arrested in NSW over $105m loan fraud
A former banker and mortgage broker has been charged as an alleged ringleader in a massive NSW fraud syndicate targeting car, home, and business loans. Police have restrained $92 million in assets. Read the full investigation details.
Woman jailed for $2.5m embezzlement from Warilla business
Lynne Geoghegan has been sentenced to six and a half years in prison for embezzling nearly $2.5 million from Shellharbour Roofing Services over nine years. Read the full court details.
Ponzi accountant jailed 11 years for $9.6m Harvey fraud
Elderly accountant Joseph Papalia sentenced to 11 years for a $9.6m Ponzi scheme that devastated his tight-knit Harvey community. Read the shocking details of the betrayal.
Accountant Joseph Papalia jailed for stealing millions from friends
Perth accountant Joseph Papalia has been sentenced to 12 years in prison for a multi-million dollar fraud that devastated his lifelong friends. Read the shocking details of betrayal and financial ruin.
Chris Marco appeals 14-year Ponzi scheme sentence
Convicted fraudster Chris Marco launches appeal against 43 fraud convictions and 14-year prison term for WA's massive $253 million Ponzi scheme. Read the latest developments.
Australia's New Crypto Licensing Rules for 2025
Australia introduces comprehensive cryptocurrency regulations requiring digital asset platforms to obtain financial services licenses, balancing privacy and compliance while bitcoin trades near $105,000.
Westpac vows no regional branch closures until 2030
Westpac promises to keep all regional branches open until at least 2030, ensuring continued banking services for rural communities across Australia.
Sydney women charged in $70m fortune teller scam
Two Sydney women face court over an alleged $70 million fortune teller scam targeting the Vietnamese community. Police seized gold bars and luxury items in raids.
Big Four Banks Profiting from Fossil Fuels
Australia's Big Four banks face scrutiny as report reveals $7.5 billion fossil fuel profits. Climate activists demand immediate action on climate commitments.
Canberra lawyer's share dilution drama exposed
Exclusive investigation reveals how prominent Canberra lawyer Ben Aulich allegedly diluted his firm's shares following a bitter falling out with former partner Jack Pappas, raising serious legal and ethical questions.
RBA Holds Cash Rate at 4.35% Amid Inflation Pressure
The Reserve Bank of Australia maintains its cash rate at 4.35% for the fifth consecutive meeting, balancing stubborn inflation against economic growth concerns. Find out what this means for your wallet and the economy.
Cash Mandate Consultation Extended Amid Public Backlash
The Australian government extends consultation period for controversial cash mandate amid reports of submission portal difficulties and widespread public backlash.
Hunter accountant admits $850k fraud scheme
A Hunter Region accountant has admitted to orchestrating an elaborate $850,000 fraud scheme, leaving local businesses reeling and facing potential jail time after systematic theft spanning years.
Gen Z Outspends Older Generations Despite Economic Pressures
Exclusive Bankwest customer analysis shows Generation Z continues to outspend older generations despite cost-of-living pressures, revealing surprising spending habits across Australia.
Bank Fine Print Warning for Australian Savers
Australian banking expert warns savers to scrutinise account terms as interest rates are predicted to remain stagnant, with some institutions quietly changing conditions.
Cash Decline & Bank Closures Deepen Financial Hardship
AFCA chief David Locke reveals how the rapid decline of cash and bank branch closures are creating severe financial hardship across Australia, hitting vulnerable communities hardest.
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