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Politician charged with insider trading of Australian biotech stock
Securities 2018-08-08 11:58 pm By Cat Fredenburgh

A New York politician who was one of the earliest supporters of President Donald Trump has been indicted on charges of insider trading related to his investments in Australian biotech firm Innate Immunotherapeutics.

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Former Healthe Care exec charged with insider trading
White Collar 2018-07-23 5:42 pm By Cat Fredenburgh

A former executive of hospital operatorĀ Healthe Care Pty has been charged with three counts of insider trading, the Australian Securities and Investments Commission said Monday.

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Kalus Kenny Intelex dodges contempt charges in ASIC case
White Collar 2018-07-19 10:22 pm By Christine Caulfield

Boutique law firm Kalus Kenny Intelex has escaped contempt of court charges sought by the corporate watchdog alleging it breached orders freezing the assets of clients allegedly involved in a binary options scam.

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Stalemate broken over docs from AFP raid of mining magnate Tony Sage
White Collar 2018-07-16 10:54 pm By Miklos Bolza

A judge has issued a ruling on the procedure for reviewing documentsĀ for legal professional privilege that were seized from mining magnate Tony Sage by the Australian Federal Police, after a stalemate over the review process left the documents in legal limbo for five years.Ā 

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Sydney exec fights extradition to US over Iran weapons embargo violations
White Collar 2018-07-04 11:38 pm By Cat Fredenburgh

A Sydney executive is fighting plans to extradite him to the US to face charges that he supplied military technology to Iran in violation of a weapons embargo.

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Ex-Kimberley Diamonds exec acquitted in ASIC case
Securities 2018-06-27 4:30 pm By Cat Fredenburgh

The former head of Australian mining company Kimberley Diamonds has been acquitted of charges that he signed off on market statements that assumed luxury retailer Tiffany & Co would pay higher prices for the company’s rare yellow diamonds.

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CBA’s $700M AUSTRAC settlement gets court OK
Financial Services 2018-06-20 5:56 pm By Miklos Bolza

A Federal Court judge has signed off on a $700 million settlement between AUSTRAC and Commonwealth Bank of Australia for violating anti-money laundering and counter-terrorism financing laws, saying the penalty showed the court’s “strong disapproval” of the bank’s actions.

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Judge scolds lawyers for ‘epistolary grenades’ in $8M fraud case
White Collar 2018-06-13 11:07 pm By Christine Caulfield

A judge has chided lawyers for lobbing “epistolary grenades” in the form of “ill-advised” emails in a civil case connected to an $8 million fraud by a former solicitor with law firm Atanaskovic Hartnell.

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Ex-Citi, Deutsche CEOs among 6 charged over alleged ANZ cartel
White Collar 2018-06-05 6:07 pm By Christine Caulfield

High-ranking bank officials, including the former CEOs of Citigroup and Deutsche Bank in Australia, are among the executivesĀ charged over a cartel involving a $2.5 billion ANZ institutional share placement.

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Abalone boss jailed for 3.5 years for misleading board, investors
White Collar 2018-06-01 5:32 pm By Cat Fredenburgh

The former chief executive of Australian Bight Abalone has been sentenced to three-and-a-half years in jail for making misleading statements to board members and potential investors about the company’s abalone farming operation.

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