HomeBusiness NewsMelbourne man’s sentence for insider trading suspended after forfeiting $65,000 windfall

Melbourne man’s sentence for insider trading suspended after forfeiting $65,000 windfall

September 16, 2025

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A Melbourne man who used insider knowledge to score a $65,000 windfall from Wesfaremers’ (ASX: WES) $776 million takeover of Kidman Resources in 2019 has received a suspended sentence of 18 months.

He has also been ordered by the County Court of Victoria to forfeit all the profits from the…

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Melbourne man’s sentence for insider trading suspended after forfeiting $65,000 windfall

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