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Former Lazarus broker accused of fraud, investigated by ASIC

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The corporate regulator is investigating a former senior broker at Lazarus Capital Partners after he was accused by his one-time employer of issuing fraudulent invoices and funnelling funds into his personal account.

Correspondence sent to clients of Lazarus Capital clients by investigators at the Australian Securities and Investments Commission outlines the allegations against Dylan Curtis, including the issuance of “a number of fraudulent invoices” with the payment details amended “to redirect the invoice payment to his personal bank account” between 2020 and 2023.

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Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/former-lazarus-broker-accused-of-fraud-investigated-by-asic-20250120-p5l5v5