The 10 worst electorates for National Disability Insurance Scheme provider compliance issues are all traditionally Labor-held outer suburban seats in western Sydney and north-west Melbourne.
Those are the results of the Kismet Care Index, which uses public data on enforcement actions against providers and utilisation rates of NDIS packages to shed new light on where the $50-billion-a-year scheme is going off the rails.
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Investment fraud targets the human desire for financial growth by promising high returns with “low to no risk.”
Ponzi Schemes: Named after Charles Ponzi, these schemes pay “returns” to earlier investors using the capital brought in by newer investors. There is no actual underlying business; the system collapses when new recruitment slows down.
Pyramid Schemes: Similar to Ponzi schemes, but participants are usually required to sell a product or service. The primary “profit” comes from the recruitment fees of new members rather than actual product sales.
Pump and Dump: Fraudsters spread false, positive rumors about a cheap stock (the “pump”) to drive up the price. Once the price peaks, they sell their shares (the “dump”), leaving other investors with worthless stock.
