Jul 11, 2014

Will Whitehaven Coal hoaxer Jonathan Moylan go to jail?

The man who caused chaos on the stock exchange with a hoax faces sentencing today.

Paddy Manning

Crikey business editor

The defence team for Whitehaven Coal hoaxer Jonathan Moylan, facing a possible jail sentence for disseminating false information to the market in 2013, has used a sentencing hearing today to raise the case of Richard Macphillamy. Macphillamy was banned from providing financial services for 18 months after an investigation into rumourtrage (the spreading of false rumours to affect share prices) surrounding Macquarie Bank at the height of the financial crisis.

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