Brisbane Times
·general
·8 hours ago
Former Rabbitohs and EPL sponsor cops largest ever fine from ASIC case
Union Standard International Group, a former English Premier League sponsor, received a record $300 million fine from Australia's Federal Court on Thursday for defrauding thousands of investors. The online trading house, also known as USGFX, systematically exploited customers across Australia and China through complex financial derivatives between 2010 and 2018.
Summary by OZbrief · Brisbane Times
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