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Former financial advisor Kristofer Ridgway reveals $6B investment scam
A former high-flying financial advisor at a top-level wealth management firm has made a grovelling apology after he was banned from working in the industry by the financial regulator for dodgy practices. Kristofer Ridgway was a senior advisor at the Brisbane offices of respected company Shaw and Partners until he was sacked in February 2022. A formal complaint from one of his clients triggered a company investigation which discovered Ridgway was secretly pouring millions of dollars in clients’ cash into unapproved investments in breach of the firm’s rules. ‘I don’t want to think of myself as a crook. But some of my actions in recent times have been terribly unlawful……
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Phishing scam costs Ohio city $219,000, finance director his job
Phishing-rip-off education has become a commonplace need in many workplaces these days. But not absolutely everyone is adhering to its lessons. When emails from a phony paving corporation landed in the inbox of an accounting assistant working for a small Ohio town past thirty day period, the assistant was hooked. The author pretended to be an existing seller and persuaded the finance employee in the Columbus suburb of Hilliard, Ohio, to transform financial institution-routing data for the seller. A day later, the metropolis compensated that account $218,992.06. Taking these kinds of steps is portion of the normal work of an accounting assistant, but there is a verification protocol that was not followed, town officials advised…
