Sometimes you wonder.The judge said it was difficult to calculate the loss to creditors caused by their actions.
http://www.abc.net.au/news/2011-07-2...jailed/2812154Opes Prime directors jailed
The judge can only sentence within the parameters given to him by legislation and precedent. However 12 months jail seems a pittance for a fraud of $600,000,000
I do not believe this a sentence that will act as a deterent for other stockbrokers to commit fraud on their clients.Laurie Emini admitted he used his position as founding director to gain financial advantage and was reckless in using his power.
Today in the Victorian Supreme Court he was sentenced to serve two years in jail.
He will be released on a good behaviour bond after 12 months.
They were jailed, but were they punished?Opes Prime directors jailed
Opes joins a long list of frauds against investors from stockbrokers and financial advisers.
When will it stop and should they have a health warning on their premises and documents.
"Beware all ye who invest here "