Feb 4, 2013

High-flying investor Oliver Curtis could land with a thud

Oliver Curtis -- a former Bachelor of the Year who settled down with a high-flying Sydney PR queen -- has now been charged with conspiring on insider trading. It could be a heavy fall from the social set.

Adam Schwab — Business director and commentator

Adam Schwab

Business director and commentator

It’s positively titillating, the story that’s rocked the Sydney social set: two attractive young men, educated at Sydney’s finest establishments, a tragedy in the vein of Dumas or F. Scott Fitzgerald, all coming unwound in the public eye.

John Hartman was sent to prison more than two years ago for insider trading. The son of wealthy Sydney obstetrician Keith Hartman, John had been detected by the Australian Securities and Investments Commission “front running” shares — that is, he would purchase or sell contracts for difference (CFDs — effectively a highly leveraged contract on an asset). Hartman was sentenced to more than four years in prison, the harshest sentence ever handed down for insider trading in this country. He served his (later reduced) sentence in a grim facility alongside murderers and war criminals.

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3 thoughts on “High-flying investor Oliver Curtis could land with a thud

  1. David Symons

    The headline on this story should not refer to “John Curtis” as no such person exists, at least in the context of this story. It should be changed to “Oliver Curtis”.

  2. Kevin Herbert

    A couple of lightweight silver spoon Hooray Henry’s get caught stealing from the public.

    More a tabloid news value story, n’est-ce pas Adam.

    I reckon their amateurish scam must have been hatched over a silver spoon….if you know what I mean…

  3. dunph

    There is a world of difference between these two “tip-off-toffs”:

    Boy 1 (Hartman) knows he’s doing wrong, takes counsel from his family and fesses up;

    Boy 2 (Curtis) knows he’s doing wrong, gets counsel from Dad and denies everything!

    Boy 1 does the time and gets on with his life; Boy 2 takes a leaf from Dad’s book – it’s just another deal – and will likely spend a fortune on lawyers to prove that these is no case to answer.

    In the state that gives us the Obeid ICAC drama, this one will be consigned to midday soap opera … but Ollie & Nick Curtis will live large to prove that low ethics and business acumen are not mutually exclusive.

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