Legally Condoned Stockbroker Fraud - Aussie Stock Forums

Results 1 to 3 of 3
  1. #1
    Garpal Gumnut's Avatar
    Join Date
    Jan 2006
    Ross Island Hotel, South Townsville, Citizen.
    Blog Entries

    Default Legally Condoned Stockbroker Fraud

    The judge said it was difficult to calculate the loss to creditors caused by their actions.
    Sometimes you wonder.

    Opes 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

    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.
    I do not believe this a sentence that will act as a deterent for other stockbrokers to commit fraud on their clients.

    Opes Prime directors jailed
    They were jailed, but were they punished?

    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 "

    "I refuse to join any club that would have me as a member." Quote Groucho Marx
    Je suis Charlie

  2. #2

    Default Re: Legally Condoned Stockbroker Fraud

    Strange world GC

  3. #3

    Default Re: Legally Condoned Stockbroker Fraud

    China gave the death penalty for a $4m fraud by 2 people of a government owned company.

Similar Threads

  1. Buying gold coins - Can they be legally smelted?
    By Sunder in forum General Chat
    Replies: 27
    Last Post: 14th-June-2009, 02:29 PM
  2. Which stockbroker are you using?
    By billv in forum Trading/Investing Resources
    Replies: 14
    Last Post: 10th-March-2009, 05:17 PM
  3. Election Fraud
    By moneymajix in forum General Chat
    Replies: 1
    Last Post: 9th-February-2008, 12:13 PM
  4. Becoming a stockbroker
    By mattlach in forum Beginner's Lounge
    Replies: 5
    Last Post: 18th-July-2007, 05:16 PM
  5. Stockbroker Fight
    By scsl in forum General Chat
    Replies: 3
    Last Post: 30th-October-2006, 09:25 AM

Tags for this Thread


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Aussie Stock Forums