middle.news

Income Asset Management Uncovers $1.5m Fraud, Resumes ASX Trading

9:29am on Monday 22nd of September, 2025 AEST Financial Services
Read Story

Income Asset Management Uncovers $1.5m Fraud, Resumes ASX Trading

9:29am on Monday 22nd of September, 2025 AEST
Key Points
  • Approximately A$1.5 million fraudulently transferred to former employee
  • Client assets remain secure with current custodian, unaffected by fraud
  • Investigation involves forensic accountants and multiple regulatory authorities
  • Potential restatement of FY25 accounts under auditor review
Read Story
middle.

Tap to Read

Tap the card to read the full analysis
about Income Asset Management (ASX:IAM)
OPEN ARTICLE