Colourful Sydney lawyer and self-professed gun share trader, Chris Murphy, has had better months. The man who Kerry Packer once called a “market genius” was, apparently, a market dud, somehow managing to lose $100 million of other Opes Prime clients’ money on stocks like Challenger and Australian Pharmaceutical Industries.

By all accounts, Murphy owes Opes Prime creditors (who now include a swathe of innocent Opes clients) upwards of $100 million. It has been widely reported that Murphy was able to lose so much because he was being protected from margin calls by Opes boss, Laurie Emini, who just happened to be a co-investor of Murphy.