Tag: ASIC charges

asic charges
February 12, 2019 BY Valentina Kirilova

Former Deutsche Bank FX trader jailed for fabricating trade entries

A former FX Options and futures trader at Deutsche Bank’s Sydney branch, Andrew Donaldson, was today sentenced to 18 months in prison by the Sydney District Court for fabricating trade entries within the bank’s internal documents and systems, Australian regulator ASIC stated earlier today. Donaldson, who now resides in New Zealand, pleaded guilty to the…

Read more
ASIC office
November 08, 2018 BY Valentina Kirilova

Queensland liquidator committed on fraud charges

Mr David John Leigh, 56, of Sherwood, Queensland, has been committed by the Brisbane Magistrates’ Court on fraud charges and will be sentenced by the Brisbane District Court following an investigation by ASIC. ASIC alleges that between 25 July 2017 and 9 November 2017, Mr Leigh, as the co-liquidator of Neolido Holdings Pty Ltd (Neolido),…

Read more
October 22, 2018 BY Valentina Kirilova

ASIC charges former financial services responsible manager

Mr Andrew Law, of Biggera Waters, Queensland, has been charged with three offences under the Corporations Act after allegedly making false or misleading statements in documents submitted to Australian regulator ASIC. Mr Law’s charges were first listed before Queensland’s Southport’s Magistrates Court on 15 October 2018. ASIC also alleges that in December 2013, Mr Law…

Read more
May 02, 2018 BY Valentina Kirilova

ASIC charges Rio Tinto Limited and former CEO and CFO

ASIC has expanded its legal proceedings recently filed in the Federal Court in Sydney against Rio Tinto Limited (RTL) and its former Chief Executive Officer, Mr Thomas Albanese, and its former Chief Financial Officer, Mr Guy Elliott. The new allegations relate to RTL's failure to recognise an impairment of a wholly owned subsidiary, Rio Tinto…

Read more
April 18, 2018 BY Valentina Kirilova

ASIC charges NSW director with unlicensed financial services business

Mr Senen Pousa, of Byron Bay, was today sentenced in the Brisbane District Court on charges brought by ASIC. Mr Pousa was sentenced after earlier pleading guilty to one charge of aiding and abetting his company, Investment Intelligence Corporation (IIC), to carry on a financial services business without holding an Australian financial services (AFS) license.…

Read more
April 17, 2018 BY Valentina Kirilova

ASIC charges former financial adviser charged with dishonesty

Following an ASIC investigation, former financial adviser Mr Trevor William Martin, has today been charged with twenty-one counts of dishonestly obtaining client funds and five counts of using false documents to obtain a financial advantage under the NSW Crimes Act. ASIC alleges that on twenty-one occasions between 1 June 2011 to April 2015 Mr Martin,…

Read more
April 10, 2018 BY Valentina Kirilova

ASIC charges South Australian day trader for market manipulation

ASIC has announced today that Stefan Mark Boitcheff of South Australia, has been convicted and sentenced after pleading guilty to two market manipulation-related charges in the District Court of South Australia. Mr Boitcheff was last week sentenced to one year and nine months imprisonment, with an order that he be released immediately upon entering into…

Read more
April 03, 2018 BY Valentina Kirilova

ASIC charges former chair of G8 Education Limited

The Australian Securities and Investments Commission (ASIC) has informed the public that, following its earlier investigation, Ms Jennifer Joan Hutson, 50, of Red Hill in Queensland, has appeared before the Brisbane Magistrates’ Court on 3 April 2018 charged with: one count of dishonestly failing to exercise her powers and discharge her duties as a director…

Read more
ASIC office
March 08, 2018 BY Valentina Kirilova

ASIC takes civil action against Antares Energy Limited

ASIC informed the public that it has commenced civil penalty proceedings in the Federal Court of Australia against Antares Energy Limited ('Antares') and one of its directors, former CEO and Chairman James Cruickshank regarding Antares' announcements made in September 2015 about the proposed sale of its oil and gas interests in the Permian Basin of…

Read more