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Construction: PBS Building fails, work stops on Doma, Stockland, Marquee projects

The Canberra-based builder that was ‘teetering’ earlier this week appointed voluntary administrators to five of its companies on Tuesday. ....

Ian Carter , Gavin Edgar , Building Pty , Management Company Pty Ltd , Pty Limited , Company Pty ,

Millions vanish into crypto world in high-yield bond scam


Millions vanish into crypto world in high-yield bond scam
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Sophisticated British criminals exploited vulnerabilities in Australia’s search engine and cryptocurrency infrastructure to dupe small investors, lured by the promise of high-yield funds badged by some of the finance world’s most trusted brands.
The complex scheme involved stolen identities and fraudulent prospectuses that claimed to represent high-yield investment funds run by global managers Citibank, Nomura, and IFM Investors. It has ensnared millions from unsuspecting victims who sought better returns as interest rates collapsed during the COVID-19 crisis.
British scammers have funnelled funds – in parcels as high as $200,000 – through the cryptocurrency ecosystem and sent them offshore.  ....

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