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A financial firm director and brother of breakdancer 'Raygun' has reportedly been sentenced after pleading guilty to charges over funds suspected of being the proceeds of crime.
ASIC has raised the prospect of criminal charges linked to the Shield Master Fund, after bringing civil penalty proceedings alleging up to $530 million in retirement savings was used for unauthorised purposes.
Construction PRO
A property developer has been hit with criminal charges relating to an alleged $10 million disability housing fraud scheme following a two-year probe by ASIC.
The former boss of Metigy has been sentenced to nine years behind bars after pleading guilty to misusing company funds and providing false information to investors, who pumped $40 million into the AI start-up.
Construction PRO
A judge has refused a bid by the director of property developer Vantager to stay orders to sell his property while he appeals a decision finding him liable for a “brazen fraud” after a $45 million sale was negotiated for a Denham Court property that was only worth $10.8 million.
Clive Palmer's resort company Palmer Leisure Coolum has entered a guilty plea to one count of breaching takeover law arising from the proposed acquisition of The President’s Club.
The CDPP has dropped insider trading charges against the CFO of defunct video producer Big Un, after a hung jury couldn't reach a decision on the charges following a five-week trial.
An appeals court has shaved nine months off ex-investment banker Rodney Forrest's prison sentence for insider trading, after he accessed confidential information from the computer of Platinum Asset Management's chairman about a takeover offer.
ASIC has lost its appeal of a failed bid to strike out of parts of mining magnate Clive Palmer’s claim that he was subject to an unlawful examination by the regulator, with a judge finding the pleading properly identified the ASIC officers involved.
Former silk Norman O’Bryan has avoided jail time after pleading guilty in a criminal case over his role in the scandal-ridden Banksia Securities class action.