Days after lawyers accused Shohei Ohtani’s longtime interpreter Ippei Mizuhara of “massive theft” to pay off gambling debts, Major League Baseball has announced that they are launching their own formal investigation into allegations surrounding the Dodgers star player. 

“Major League Baseball has been gathering information since we learned about the allegations involving Shohei Ohtani and Ippei Mizuhari from the news media. Earlier today, our Department of Investigations (DOI) began their formal process investigating the matter,” said the statement from MLB. 

The exact circumstances surrounding the course of their investigation remain unclear, though ESPN reports that they will likely request interviews from all of the people involved…

Insolvency practitioner John Vouris reflects on his 50 years in the industry and the recent boom in insolvency driven by the economy.

Following events such as COVID-19, the Australian economy and small business industry are still trying to regain normal operations, with some SMEs still struggling to reverse the negative impacts.

Hall Chadwick Partner and insolvency practitioner John Vouris said the insolvency continues to see increasing demand for insolvency services as the ATO chases down debts post the global pandemic, which businesses are struggling to pay back.

“In the aftermath of COVID, the tax office wasn’t chasing their debts, and now not only are they…

News.com.au can reveal that eight companies which made up Victorian-based business Pact Services Group collapsed into liquidation two months ago. Pact Services has been around as a whole for nearly 50 years, news.com.au understands.

The companies, headquartered in Dandenong in Melbourne’s southeast, owe more than $2 million to over 100 creditors once all their debts are added up.

Steven Atkinson was the sole director of all the Pact companies, which specialised in offering solar, heating, and airconditioning to customers and had contracts in place with builders around Melbourne.

The list of…

A new financial year looms. The government is reportedly in the mood for pre-election tax cuts; the opposition talks of iron fiscal discipline. And all around us, a familiar disaster grinds on: constant increases in demand on our most crucial public services, which the financially blitzed councils charged with providing them simply cannot meet. The result is a story that speaks volumes about Westminster’s state of contorted denial: increasing numbers of our cities, towns and counties now face municipal bankruptcy, but no one in any position of national power and influence seems to want to talk about it.

The dire predicament of councils all over England now invites an obvious question: at what point might we collectively realise that…

The shocking decision ends two days of speculation about the future of the country’s third largest airline after Rex suspending trading on the ASX 200 on Monday.

According to The Australian, the company was losing close to $1 million a week between July 2023 to December 2023 in its public transport services.

In a short statement on the Rex website, the airline confirmed all domestic flights between major cities are cancelled but regional flights will continue as scheduled. 

The statement confirmed Regional Express Holdings Limited and a number of its…

This has already been a topic of discussion around baseball for a few days, but I wanted to wait a bit and digest all the information out there regarding the betting situation involving Dodgers star Shohel Ohtani and his interpreter Ippei Mizuhara, or at least as much as I could, before writing about it.

What we know is this: Mizuhara apparently had a gambling addiction which put him somewhere around $4.5 million in debt. This debt somehow got covered by funds in an account controlled by Ohtani. Mizuhara gave an interview about this to ESPN:

Initially, a spokesman for Ohtani told ESPN the slugger had transferred the funds to cover Mizuhara’s gambling debt. The spokesman presented Mizuhara to ESPN for a 90-minute interview Tuesday…

The widow of underworld figure Carl Williams has been declared bankrupt by the Federal Court, after it was reportedly revealed there was almost $300,000 owing in unpaid taxes.

The court on Tuesday ordered that the estate of Roberta Merieca Williams be sequestrated, following an application by the deputy commissioner of taxation.

Carl Williams’ widow Roberta has been ordered to pay $300,000 to the ATO based on money made from selling her story to the media. Pictures: AAP

Registrar Daniel Caporale ordered that costs of $7,203 be paid from the estate to the ATO.

According to News Corp the gangland widow owes the ATO $295,632 in unpaid taxes.

The convicted drug dealer was the wife of murderer and drug kingpin Carl Williams, who was beaten to…

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Aryza, a leading provider of financial software solutions, announces the appointment of Tom O’Connoras its Head of Corporate Insolvency.

With an extensive career spanning over a decade in the insolvency sector and a proven track record in product development and client engagement, Tom brings invaluable experience and expertise to Aryza.

Tom’s journey in insolvency began at Robson Cotter Insolvency Group, where he served as an Insolvency Accountant.

During his tenure, he demonstrated exceptional proficiency in managing individual case administration, overseeing liquidations, receiverships, bankruptcies, and Personal Insolvency Agreements….

Millions of Australians are set to have $3 billion worth of HECS-HELP debt wiped under a plan to revamp student loan indexation. The move was confirmed as Treasurer Jim Chalmers outlined the 2024 Federal Budget on Tuesday night.

Instead of interest, student debts rise each year in line with the consumer price index (CPI). But after an inflation blow-out, and millions being saddled with big increases, the government has moved to cap indexation to whichever is lowest out of CPI and the wage price index (WPI).

Yahoo Finance has put together a simple explainer to help you understand all the changes and how they will impact you.

Find out how the 2024 Federal Budget will impact you by following Yahoo Finance’s live coverage here.

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The Australian Digital 12 Month Plan costs $416 (min. cost) for the first 12 months, charged as $32 every 4 weeks. This automatically renews after the first 12 months to be charged as $32 (min. cost) every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. No cancellations during the first 12 months. Each payment, once made, is non-refundable, subject to law. Not in conjunction with any other offer. Prices after the first 12 months may be varied as per full Terms and Conditions. See www.theaustralian.com.au/subscriptionterms for full details.