Mr Hugh Charles Gordon, of Redheads, New South Wales, the former head of Newcastle investment company, Whet Investments Ltd, was sentenced today in the NSW District Court to eighteen months imprisonment to be released after serving eleven months and then entering into a recognizance to be of good behaviour for two years. Continue reading
Monthly Archives: February 2010
RBA warns negative effects of the GFC are not over by a long shot
The RBA says that while the rest of the world battles its way out of recession, the full impact of the GFC is yet to be felt. Continue reading
GFC may have doubled business fraud cases
THE value of fraud detected more than doubled in the second half of last year, possibly as a result of the global financial crisis. Continue reading
Mortgage Delinquencies up
Mortgage delinquencies are set to rise in 2010 as borrowers battle rising interest rates and Christmas-induced credit card bills says global ratings agency Fitch. Continue reading
Tax Man can break into home to obtain records
A recent ombudsman report has confirmed the ATO is free to break into and raid homes, cars and workplaces where it believes documents are at risk of being destroyed. Continue reading
Retail sales in surprise fall
Australian shoppers grew more cautious at the end of last year as the effects of rising interest rates and the fading impact of government handouts took their toll. Continue reading
Mortgage Distress for first home buyers
ALMOST half the first-home buyers lured into the market by the Rudd government’s $14,000 grant are struggling to meet their mortgage repayments and many are already in arrears on their loans. Continue reading
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