Tag #Financial Scandal

Showing 25 to 26 of 26 results

smh.com.au

🌐 85% Global Worthiness

Dec 12, 22:16

Fraudster Fired Amid \$50 Million Corporate Scandal

Convicted fraudster Warwick Kerridge lost his job at Central Real Capital, a Double Bay lending firm run by rich-lister Tony Denny, amid a growing corporate scandal involving serial swindler Tim Alford, who allegedly defrauded investors of approximately \$50 million.

Fraudster Fired Amid \$50 Million Corporate Scandal

Convicted fraudster Warwick Kerridge lost his job at Central Real Capital, a Double Bay lending firm run by rich-lister Tony Denny, amid a growing corporate scandal involving serial swindler Tim Alford, who allegedly defrauded investors of approximately \$50 million.

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How did Kerridge's past convictions and alleged involvement in Tim Alford's schemes contribute to the current scandal?

Kerridge's dismissal exposes a failure in Central Real Capital's recruitment process, allowing a convicted fraudster to hold a senior position. The discrepancy between Kerridge's and Denny's accounts regarding disclosure of prior convictions highlights a lack of transparency. This incident underscores the need for robust background checks in the financial industry.

theguardian.com

🌐 75% Global Worthiness

Nov 17, 01:23

LCF Ruled a Ponzi Scheme

A London judge ruled that London Capital & Finance (LCF) operated as a Ponzi scheme, costing investors over £237 million. Former CEO Michael Thomson and others were found to have knowingly participated in the fraud.

LCF Ruled a Ponzi Scheme

A London judge ruled that London Capital & Finance (LCF) operated as a Ponzi scheme, costing investors over £237 million. Former CEO Michael Thomson and others were found to have knowingly participated in the fraud.

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What actions have been taken against those involved in the LCF fraud?

Former CEO Michael Thomson and four others were found to have knowingly participated in the fraud, misleading investors and misappropriating assets.

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