Money laundering scams target NZ small businesses

New Zealand small business owners are being warned to watch out for overseas money laundering scams. The latest scam to target honest Kiwis has seen businesses contacted by a fake overseas customer asking to purchase products. However, they pay over the stated amount, and then ask for the excess to be sent to an overseas bank account. Police investigations have shown the original payment was obtained fraudulently through phishing scams, the 'customer' is never heard from again and does not [...]

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WINZ Manager gets home detention for $194k fraud

There are no winners in cases like this - very sad.A Work and Income case manager who stole $194,000 from WINZ has been sentenced to home detention. Police executed a search warrant on the home of Laki Scanlan, 42, after the fraud - the second-largest in Work and Income history - was picked up by the ministry's internal fraud team last year. He pleaded guilty in the Auckland District Court to five charges of obtaining by deception and one charge of [...]

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Employee sets up false company and steals $500,000

It is extremely easy to commit fraud but it is extremely hard to get away with it.An employee of a Sydney insurance company set up a fake company complete with a registered name, letterhead and a PO box number to defraud half a million dollars from her employer according to police prosecutors. The woman then allegedly used this company and several false documents to obtain a $720,000 loan to buy a house in Sydney's northern suburbs. Rose Marie Lo-Giudice, 39, appeared [...]

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