A jury has convicted Perth businessman Chris Marco of defrauding six investors out of $34 million, but acquitted his former executive assistant.
The CDPP has dropped charges accusing former executives of collapsed Bruck Textile Technologies of scheming their way out of making more than $3 million in redundancy payments, following an appellate ruling in their favour clarifying when it’s a crime to prevent the payout of employee wages.
A geological consultant has been sentenced to a suspended 12 months’ prison after pleading guilty to insider trading using information obtained through his work with Beacon Minerals.
Sydney investment manager Rodney Forrest has pleaded guilty to two counts of insider trading in relation to the trading of $2.6 million in shares of funds manager Platinum Asset Management while in position of inside information about a takeover offer.
A judge has made winding up orders against companies connected to Lion Property Group and allowed Victoria Police to access a confidential report from the luxury Melbourne developer’s provisional liquidators.
AUSTRAC has launched proceedings against gaming club group Mounties, alleging the company engaged in serious and systemic non-compliance with anti-money laundering and counter terrorism financing laws.
The former chairman of BBY has been charged with aiding and abetting dishonest conduct while head of the board at the defunct stockbroking firm.
A former director of collapsed Melbourne derivatives broker Berndale Capital Securities will spend a year in jail after pleading guilty to offences connected to his misuse of company funds.
A judge has rejected bids by former Keystone director Paul Chiodo and developer Robert Filippini to stay a $150 million suit, citing investors’ interests as a “powerful” factor weighing against the stay.
Property developers Paul Chiodo and Robert Filippini want to stay proceedings by Keystone’s receivers over $150 million allegedly laundered through City Built’s construction projects, citing “quite likely” criminal charges.