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Aussie Skips accepts cartel conviction but will fight $3.5M penalty
Competition & Consumer Protection 2024-04-24 1:41 pm By Cindy Cameronne

Aussie Skips is not appealing a finding that it engaged in serious criminal cartel conduct but will challenge the size of the $3.5 million penalty, a court has been told.

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Eneco Refresh founder sentenced for market manipulation
Securities 2024-04-22 11:59 pm By Andy Sidler

The founder of ASX-listed bottled water company Eneco Refresh has been slapped with an 18-month suspended sentence after pleading guilty to market manipulation.

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Prosecutors drop criminal case against Meta over scam crypto ads
White Collar 2024-04-12 4:27 am By Cat Fredenburgh

A criminal case against Facebook owner Meta sparked by mining magnate Andrew Forrest over scam cryptocurrency ads has been dropped, while a similar case by the Australian Competition and Consumer Commission remains on foot.

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Settlement reached in class action against NSW law firm
Class Actions 2024-04-12 10:44 pm By Cindy Cameronne

A class action seeking to hold a regional NSW law firm liable for the actions of a former employee who was sentenced to a term of imprisonment for fraud offences in 2021 has reached a settlement. 

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Mayfair 101 founder James Mawhinney charged with dishonest conduct
Financial Services 2024-04-09 3:24 pm By Christine Caulfield

Mayfair 101’s James Mawhinney has been arrested and charged with four counts of engaging in dishonest conduct in running his beleaguered wealth management business.

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Jan Cameron fined $8,000 for failing to disclose interest in Bellamy’s
White Collar 2024-03-28 10:32 pm By Cat Fredenburgh

Former Bellamy’s Australia director Jan Cameron has been fined $8,000 after being found guilty of two counts of breaching the Corporations Act for failing to disclose her stake in the baby formula company. 

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Airport employee first official targeted by National Anti-Corruption Commission
Public Corruption 2024-03-28 11:41 pm By Cat Fredenburgh

A former employee of the Western Sydney Airport has been arrested and charged with allegedly soliciting a bribe of $200,000 during the procurement process for a $5 million contract for services at the new airport.

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Aussie Skips appeals cartel judgment socking it with $3.5M fine
Competition & Consumer Protection 2024-03-27 3:15 pm By Christine Caulfield

Aussie Skips is fighting a court’s ruling that imposed a $3.5 million penalty against the waste company and sentenced its boss to an 18-month intensive corrections order, in a criminal cartel case that also implicated Bingo Industries.

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Perth adviser jailed for insider trading in Genesis Minerals shares
Securities 2024-03-27 3:34 pm By Sam Matthews

A former corporate adviser will spend at least nine months in jail after pleading guilty to trading in Genesis Minerals shares in September 2021 with insider knowledge, netting almost $60,000 in profits. 

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ASIC wins another guilty plea in relation to $180M Ponzi scheme
White Collar 2024-03-20 3:33 pm By Cat Fredenburgh

The Australian Securities and Investments Commission has secured a third guilty plea stemming from its investigation into a $180 million Ponzi scheme run by the Courteney House group of companies.

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