Jonathan Moylan should be jailed

Anti-coal activist Jonathan Moylan has admitted to issuing a hoax ANZ press statement that led to a 9 per cent fall in the price of Whitehaven Coal Limited. This would seem a cut and dried case of market manipulation and fraud – covered under the Corporations Act and the Criminal Code. The Corporations Act provides for a maximum penalty of $22,000 and/or five years jail. If Moylan had also engaged in insider trading (for example, short selling Whitehaven shares) the maximum penalty is $220,000 and/or five years jail.

Alternatively, ASIC could pursue Moylan under its civil penalty regime which allows for a fine of up to $200,000 for individuals for both market manipulation and insider trading.

ASIC’s Chairman, Tony D’Aloisio, reflected on the decision of pursuing criminal or civil proceedings in a speech to the Supreme Court of Victoria Law Conference (13 August 2010):

It is open to ASIC to pursue civil penalty proceedings instead of criminal proceedings for these offences [market manipulation and insider trading]. In making that assessment, ASIC weighs up a number of factors and works (under an Memorandum of Understanding (MOU)) with the CDPP.

Civil penalty proceedings have a number of advantages: they can be pursued by ASIC itself and not require another agency (CDPP), and they have (on the face of it at least) a lower standard of proof. In addition, civil penalty proceedings can provide quicker settled outcomes.

Nevertheless, ASIC’s approach in more recent times has been (generally) to pursue criminal proceedings for these offences. Although preparation for such cases takes longer (necessarily so with a high standard of proof and when individual freedom is at issue), ASIC’s view is that criminal proceedings and sanctions, including imprisonment, are what will ‘focus the minds’ of those who may be inclined to stray (so-called ‘general deterrence’).

UPDATE

Not only did Moylan deliberately issue a hoax press release, but he included his own phone number against the name of Tony Kent (an actual ANZ employee) and then impersonated Kent when receiving phone calls. That is outright fraud. More details here.

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202 Responses to Jonathan Moylan should be jailed

  1. Jim Rose

    Whitehaven Coal Limited might wish to sue for defamation. ANZ bank may not be none to please with the impersonation.

  2. Judith Sloan

    Agree – Moylan should go to jail. And, yes, ANZ should go after him separately for impersonating the executive.

    Moylan, no doubt thinks this is just a joke, just a prank. What a bit like the radio prank? And, yes, people are hurt by this one too.

    ASX might have to look to beefing up its checking of the bona fides of press releases.

  3. eb

    Betcha nuthin’ comes of this. Harmless prank, no personal gain, exercise of free speech; all that sorta stuff.

  4. Grey

    Lucky Orson Welles wasn’t subject to the Corporations Act.

  5. Gab

    Lucky Orson Welles wasn’t subject to the Corporations Act.

    Why would he be? He didn’t cause a loss of $300 million to a company and it’s shareholders nor did he impersonate a private citizen nor defame a bank. That’s an exceptionally daft comment you’ve made there, Grey. Keep it up.

  6. ar

    Lucky Orson Welles wasn’t subject to the Corporations Act.

    Or Al Gore???

  7. Grey

    He didn’t cause a loss of $300 million to a company

    Which company has lost $300 million dollars? Some idiots who acted on a rumor sold their shares at a discount.

  8. JC

    Lucky Orson Welles wasn’t subject to the Corporations Act.

    He didn’t focus on one single corporation with the intent of committing a fraud.

    This prick needs to go to jail.

  9. Louis Hissink

    Samuel, interesting – cui bono? There isn’t a tinckle in there somewhere?

  10. Gab

    Which company has lost $300 million dollars? Some idiots who acted on a rumor sold their shares at a discount.

    That really is a daft 2.0. You’re escalating. I see you need no encouragement to continue to bait and troll.

  11. tgs

    Which company has lost $300 million dollars? Some idiots who acted on a rumor sold their shares at a discount.

    Whether the institutions and individuals who sold their shares are idiots or not is completely and utterly irrelevant.

    What is relevant is that they took this action after Moylan illegally impersonated a staff member of ANZ and fraudulently made a statement in this person’s name and office.

    Althought I don’t know why I’m responding to you as you’re clearly trolling.

  12. Gab

    try again!

    Background:

    A COALITION of environmental activists has developed an extraordinary secret plan to ruin Australia’s coal export boom by disrupting and delaying key projects and infrastructure.

    The strategy includes mounting legal challenges to up to a dozen key mines and exploiting the Lock The Gate movement against coal-seam gas to put pressure on governments to block mining.

    A funding proposal for the Australian anti-coal movement, obtained by The Australian, declares that 2012 and 2013 are critical years to stop tens of billions of dollars of investment and says the aim of the strategy is to “disrupt and delay” projects “while gradually eroding public and political support for the industry and continually building the power of the movement to win more”.

    The document – which is believed to have been written by Greenpeace Australia Pacific’s John Hepburn and CoalSwarm’s Bob Burton – issues a call to arms for coal activists nationwide before the March 24 Queensland election and the next federal election.

    The document names philanthropic consultant Sam Hardy and a foundation set up by Wotif founder and Greens donor Graeme Wood on the cover. It’s believed Ms Hardy was consulted on some versions.

    It outlines a pitch for up to $5.92 million that would be used to fund litigation to stop coal port expansions, major rail lines and new mines; to wage a “battle of Galilee” to stop “mega-mines” in central Queensland’s Galilee Basin and expose it as a “globally significant carbon bomb”; and to discredit the NSW government’s planning process for land use in the Hunter Valley that aims to determine how to allow mining and agriculture to co-exist.

  13. Seriously, it was funny – and it attacked the death industry.

    As James Hansen would say, a win/win scenario.

  14. JC

    Which company has lost $300 million dollars? Some idiots who acted on a rumor sold their shares at a discount.

    They weren’t acting on rumors, you JFK conspiracy theorist. They were acting on information that was posted on the public record and thought to be accurate.
    Christ you’re a stupid turd, Greys.

    anyways, there are laws against that sort of thing and it will be interesting to see this turd become “Bruiser’s” (jail) “girlfriend”.

  15. Samuel J

    Which company has lost $300 million dollars? Some idiots who acted on a rumor sold their shares at a discount

    It wasn’t a rumour – it was an attempt to deceive and people who sold their shares acted on what appeared to be an authentic (official) ANZ media release. That’s a whole lot different to acting on the basis of someone’s phone call.

  16. JC

    Bryan

    I see from your bio that you’re a political economy major.

    Can i just say…”Lol”.

  17. Keith

    If ASIC can pursue a civil case, then I presume shareholders could also, for damages. The loser wouldn’t have any assets though. I’d personally like to see them go the indictable route, and cause the Woods of this world to spend money on defending the idiot.

  18. Grey

    Whether the institutions and individuals who sold their shares are idiots or not is completely and utterly irrelevant.

    The way I see it, it doesn’t really affect Mums and Dads investor. It only affects those who sit around all day ready to trade at the drop of a hat. Some of them lost money, but for everyone who lost, someone gained. Those who made the best judgement call came out ahead.

    That’s the markets for you.

  19. Samuel J

    As has been said on the Cat many times previously – all public funding for institutions such as Greenpeace should be removed (and that includes the tax deductibility for donations to such organisations). Greenpeace’s claim that it doesn’t receive taxpayers’ money is a lie since donations to Greenpeace are tax deductible.

  20. blogstrop

    Can somebody also see that this pathetic excuse for a troll called grey doesn’t get the satisfaction of seeing his dribble in print any further? Seriously, this is like some sort of PC indulgence that these goofballs have such a free run.

  21. Steve of Glasshouse

    Grey..congrats. You’ve just made the elite Cat list of people who qualify as turds on the foot path of life.

  22. Andrew Reynolds

    The only people who lost money were those that sold their shares at a depressed price. They may well have a cause of action against this idiot. Those who bought the shares can count themselves lucky.

    As this was clearly designed to manipulate the market to make a political point ASIC may want to take action against him to make an example so this does not become routine.
    That said – the those selling should have had a quick glance at the ASX news feed, where this should have appeared if it were genuine.

  23. harrys on the boat

    Thats NOT the markets for you, you fucking brain dead idiot.

    A twat of your ilk impersonated an ANZ employee and issued a hoax statement. How is blatant criminal activity “the market”.

    Ban this prick, ffs.

  24. Philippa Martyr

    http://www.quadrant.org.au/blogs/qed/2013/01/what-to-do-with-a-dangerous-dill

    The poor little chap is only 25 this year, and speaks French, English and Esperanto, and asks questions like ‘Would Jesus burn coal?’
    His dad was a lecturer at U Newcastle in computer engineering.

    This kid is clearly trying to be the next Julian Assange, but judging by his photos, he’ll barely make it as the next Shaggy Rogers.

    And he would have gotten away with it, too, if it hadn’t been for that pesky ASIC

  25. Grey

    Let me put it another way, if you seriously think an injustice has occurred, why not just unwind all the transactions in the period concerned.

    Of course, we could extend this excellent principle further. Suppose someone sells their shares just before a profit downgrade, the buyer then gets shares that suddenly drops in value. Now is that fair? No, the seller ought to refund some of the purchase price to the buyer.

    Moylan neither benefited or sought to benefit from this artful piece of performance art satirizing modern capitalism. If you think the market disturbances are in issue, unwind the transactions.

  26. Gab

    Greenpeace’s claim that it doesn’t receive taxpayers’ money is a lie since donations to Greenpeace are tax deductible.

    Greenpeace Australia received $17.1 million in donations, from the 2011 report.

  27. Alice

    So the market is the best judge of information at all times and the more in the market the better it judges? Doesnt seem so in this case.
    The market judged this information and it was bullshit and it didnt detect it. The market judged CDs rated triple A in the GFC and didnt detect the bullshit either.
    Maybe the market isnt quite as good as some in here might think (*at judging bullshit)?
    Case for the regulators? After all you are calling for the jailing of this guy so how come you didnt call for the hjailing of Lehman execs packaging products to sell and then shorting those and how come you arent calling for the regulating of filthy lying ratings agency execs.

    regulation for the little guy only? Huh?

    Thats na bit damn hypocritical and its no wonder some conservatives get the reputation for being bellhops for the rich.

    This really is conservative hypocrisy. Someone tell me it isnt.

  28. Sinclair Davidson

    Given that ASIC spent several years persecuting Twiggy for providing, in their view, misleading information to the market, I expect they will pursue a case of false information vigorously.

  29. Gab

    The “market”, Alice consists of real people and yes, people often do fall prey to shysters and fraudsters.

  30. Robert C

    LOL, now I’m imagining Jonathan Moylan as br’er rabbit: “puh-leeze br’er fox, please don’t throws me to ASIC!”. Maybe if there was a case that could be prosecuted by a competent agency?

  31. Alice

    I know Gab – the market often does fall prey to shysters which is why we cant not regulate the bloody thing.

  32. Andrew Reynolds

    Alice,
    The market is of course not faultless – but that is not the argument. All it has to be is better than the next possible means of having people make choices. Let’s face it – the government has not got a good record in this.

  33. Alice

    But Gab

    Back to the eternal problem – we leave regulation to government idiots who have been bribed (or lunched or seduced and cajoled and wheedled with charm) by corporations and big players and we get the pro shyster version of regulation and that does not help either.

    There are problems with regulation in government but there are bigger problems not regulating.
    Rock and a hard place? Who? The damn majority.
    Our governments need a kick up the arse and they need to regulate themselves big time before we can trust them to regulate the rest of us.

  34. Alice

    Andrew
    rock and a hard place isnt the best place to be. It shouldnt be a case of the second best evil because the first best evil is worse.
    Cant we do better than that?

  35. Louis Hissink

    Instantaneous knowledge of what the market is doing – leftwing lunacy again. Trading is managed by computers, so a drop in price like that rings an alarm bell, and the company got a speeding ticket, with trading halted until they do a please explain.

    I don’t think the sellers would have lost – mind you one can only sell at a low price if someone is waiting for someone to fill a buy order for 10% down. Smells as far as I am concerned.

    So again, cui bono?

  36. Grey

    Louis Hissink, you are going to think me an idiot, but are you suggesting Jonny was a patsy for someone who was ready to buy up cheap?

  37. Samuel J

    Alice there is no rock and a hard place. All we ask is the law to be applied equally. Fraud has long been a criminal offense. I certainly don’t argue for more regulation / laws, merely that the present laws be applied. I would reduce the amount of regulation, but certainly would not eliminate fraud as a criminal offense.

  38. Andrew Reynolds

    Alice,
    If you can come up with a better system of allocating scarce resources than allowing each individual the freedom to choose for themselves you will be up for a Nobel. Go for it.
    To me, this shows how well the markets actually react. The market price reacted to this news really quickly, true – but literally within minutes the shares had gone into a trading halt while the correct position was ascertained. Once the information had been corrected the shares were re-opened for trading and the price returned to where it should have been.

    The only ones who were likely to have lost out were the program traders and a few day-traders who were watching this. Even better, they will have a chance to get some of their losses back. Contrast that with a government process and its not difficult to see which is better.

  39. Alice

    Someone to fill a buy order for 10% down. You dont need a someone. You only need a robot computer plugged with algorithms that can trade faster than you can blink
    and speaking of regulation the fucking ASX should bnever have been permitted to park these things linked into their own systems. Why would anyone trust the electronic market for the few?

  40. Andrew Reynolds

    Alice,
    Today’s incident shows that they are not perfect, and they will lose when they get it wrong. At most other times they provide huge liquidity, allowing Mums and Dads, our super funds and many others to buy or sell with very little loss on the buy-sell spread. What’s not to like?

  41. blogstrop

    Rest assured, grey, we all think you’re an idiot on borrowed time.

  42. Dan

    Off topic, but why does the picture on that Bryan Kaposi blokes blog site look exactly like the dead Bryan on my packet of smokes?

    Is this guy forked up or what?

  43. Alice

    This Mum doesnt touch super Andy because there are too many snouts in the super funds and governments got its own snout in too. Stuff them. I self manage the majority of my retirements outside super because Im sick of the gravy train they have all created from this one law. Manacling people’s hands to save for their own retirements is the worst case of government interventionism Ive ever come across. Even if they had paid people welfare who hadnt saved they still wouldnt have lost as much has has been ripped out of funds by financial sector employees and governments along the way (oh and the bubble bursting).

    Super is na gigantic con and so is the sharemarket. It doesnt take too many brains to see there are very few individual investors and quite a few big mammoth funds doing most of the trdaing in shares robocop style on a daily basis

    You can check this share by share.

    That isnt any market of lots of individuals making free choices Andy. The sharemarket is a gridiron battleground for big banks. Its so easy for the bit player to lose you would almost have to be an idiot to go there as an individual now unless you have inside financial info.

    Its no place to save money.

  44. Grey

    Rest assured, grey, we all think you’re an idiot on borrowed time.

    You know me, blogstrop, I love a good conspiracy theory.

    Let’s say Clive Palmer’s CIA (which we know runs the Green’s anti-coal campaign) had nudged Jono into this (he is too much the pretty boy to be anything but genuine), wouldn’t it help if you had a few traders who stood to benefit and knew it was a hoax, make sure they received a copy so they could loudly propagate it and maybe sell a few small orders at a large discount to spark the panic, before moving in later like the lion pouncing on the wounded gazelle?

  45. Alice

    Grey says

    “loudly propagate it and maybe sell a few small orders at a large discount to spark the panic, before moving in later like the lion pouncing on the wounded gazelle?”

    This shit goes on all the time in the sharemarket.
    It should be called the scaremarket.
    The sharemarket is a giant hoax designed to rip off Mums and Dads suckers.

  46. Mk50 of Brisbane

    Ghey:

    I love a good conspiracy theory.

    …Clive Palmer’s CIA (which we know runs the Green’s anti-coal campaign)… nudged Jono into this (he is too much the pretty boy to be anything but genuine), wouldn’t it help if you had a few traders who stood to benefit and knew it was a hoax, make sure they received a copy so they could loudly propagate it and maybe sell a few small orders at a large discount to spark the panic, before moving in later like the lion pouncing on the wounded gazelle?

    Ghey, do you also bay at the full moon?

    Certifiable whackjob.

  47. Keith

    It’s a bit like the road system Alice. There are rules and regulations. People still have accidents of varying seriousness, and the police prosecute where they think people have been driving outside the rules.
    Same with the share market.

    I once saw a stock behaving weirdly and stink-bid it. My order was filled and not long after I had a broker on the phone asking me to agree to rolling back the transaction. I said no, and he was sacked. The market self-corrects if you let it.

  48. boy on a bike

    Which company lost $300 million? Probably some of the funds that manage your superannuation – assuming you’ve had a job at some point of course. Probably only hurt a bunch of retirees.

  49. Grey

    Probably some of the funds that manage your superannuation – assuming you’ve had a job at some point of course. Probably only hurt a bunch of retirees.

    I checked, the Cleaners Union made the right call and made $300 million. We are sitting pretty, thanks for your concern.

    God bless capitalism.

  50. Louis Hissink

    Grey, after BrEx such possibilities come to mind. Just remarking that’s all. We in the speculative mining industry have a bit of a radar sensitivity to such things. As I said cui bono.

  51. Alice

    Keith

    You and I know an individual investor is a peanut in the sharemarket – worse an isignificant bit of fluff. These boys in there are computer trading buying thousands of one stocks shares on one day and on the same day selling and the same the next day – you dont think these stinky funds can push the price of a share way beyond its intrinsic value at their whim? Why wouldnt they be able to? They are gambling with my life savings (only the enforced bit thanks to the royal fuckers that enforced it).

    That isnt my individual free choice and I object to someone else (greedy governments and fund managers in cahoots) managing my money long term (recipe for robbery) for me.

  52. manalive

    Would Jesus burn coal?

    Messiah complex is a recognised form of mental disorder.
    I reckon this bloke could successfully plead that as a defence.

  53. boy on a bike

    Would Jesus burn coal?

    Why would he need to? Didn’t he have a burning bush?

  54. Gab

    This kid is clearly trying to be the next Julian Assange, but judging by his photos, he’ll barely make it as the next Shaggy Rogers.

    Yes, I thought that also.

    And thank you for your article link, Philippa in which you provide the Jonathon “Aww, I was just kidding” Moylan connections, associations and priors.

  55. Alice

    Manalive

    OMG. That guy really does look like – well the messiah.
    LOL

    No boy on bike – my reigion isnt that good but I think it was moses and the burning bush

  56. johno

    No doubt the ABC and the rest of the love media will treat him as a hero in much the same way that they treat Assausage as a martyr for his cause rather than as a nasty piece of work seeking to evade justice.

    It will become nauseating.

    Come on Turnbull. Show some gumption.

  57. Mk50 of Brisbane

    hahahahahahahahaaaaa….

    The little anti-coal knob-jockey was pipped at that post by Bryan Law

  58. Tom

    Tomorrow’s AM on ABC Radio will be a classic: there will actually Greenpeace vandals proclaiming this delinquent a hero. One to keep; I trust ASIC will be recording it. And Adam Ant will be on the phone to Madame Mao pleading government intervention to protect the law-breaker. This is like the Cuban revolution, only madder. Gough is bewildered; Rex Connor was never as mad as this trollop.

  59. Daisy

    Dan just checked and Bryan dies look like cigarette Bryan. Seriously weird !

  60. Mk50 of Brisbane

    Hmm..

    Brayn Law thinks he is Jesus. Link.

  61. Mk50 of Brisbane

    OK, does not like the link. Go check out http://www.cairnsblog.net/2010/11/saturday-soapblog-bryan-law-un-civil.html to see Bryan descibing himself as a jesus-like figure

  62. Mk50 of Brisbane

    Does not like the the link to cairns blog

  63. nilk

    Well, well, well, little Commie Jonnie graduated from Uni of Newcastle in 2011 with a Bachelors in Linguistics/French. There’s something entirely practical in Australia right there.

    So he’s 25, never had a real job in his life and so thinks that everyone else who has one must be evil. I guess he hates poor people, too.

    Shall we build a profile on the dear little princess? After all, he’s obviously jonesing for some attention.

  64. nilk

    Here’s a formspring account for Jonathon Moylan, so I just signed in and asked him why he wants to restrict people’s access to cheap and reliable power.

    Our little serial pest has form for getting up to mischief and there’s obviously been a lack of any sort of consequences, hence the ramping up.

    And if you check out his myspace, dude has been posting songs in esperanto. I mean is there anything more useless than that?

  65. .

    Why does the Communist Party of Australia HAVE AN ONLINE SHOP?

  66. Mk50 of Brisbane

    And can we spell gaoled properly, Samuel J?

    Hmmm?

  67. DaveF

    Dan:

    Off topic, but why does the picture on that Bryan Kaposi blokes blog site look exactly like the dead Bryan on my packet of smokes?

    Is this guy forked up or what?

    Yes it is definitely the same guy. Who apparently died in 1999 in Florida.

  68. nilk

    Dot you should see all the offers I get from the New Internationalist. I did once buy a book all about islam, and that was certainly an eye-opener.

    Nothing to do with reality, of course.

  69. entropy


    The labor market heavily rewards educational credentials even though academic curriculum is seriously disconnected from the jobs people actually do.


    do they sell those cool soviet army fur caps with the red star on the peak?

  70. Lazlo

    Let me put it another way, if you seriously think an injustice has occurred, why not just unwind all the transactions in the period concerned.

    The left just does not get the rule of law, or wealth creation, or common sense..

    Fuckwits one and all.

  71. entropy

    Actually, there was a Tom Clancy novel where that strategy was employed….although as i recall in that case the transactions during the meltdown had been actually not recorded by the malevolent perpetrator to really ensure things couldn’t be fixed. So the US President decreed that the afternoon in question at Wall St never happened.

  72. Gab

    why not just unwind all the transactions in the period concerned.

    Yes, just wave the magic wand and hey presto! the unicorns appear.

  73. DaveF

    nilk you saw that was an appeal about $100 fines and $5k compo for chaining themselves to a aluminuim firms fence.

    The Environmental Defenders Fund represents them.

    EDO:

    As a non-government and non-profit organisation, EDO NSW gratefully accepts
    support from a range of sources and, during this year, received donations of almost
    $20,000.

    Later in the annual report, edited for clarity:

    EDO NSW is overwhelmingly dependent on grants to fund its operations The major source of funding for the organisation is the Public
    Purpose Fund (PPF). the current grant is for
    the period 2009 to 2012. The PPF provided $1,642,127 or about 72% of EDO

    Commonwealth Attorney General’s
    Department and Legal Aid NSW through the Community Legal Services Program
    (CLSP). $188,824 or about 8.3% of the income of
    Commonwealth funding amounted to $93,928 or 4.2%
    of overall revenue.

    NSW was awarded $180,000 in funding for the period 2009–2012. As only
    $36,000 of this grant was taken up in the first year, $72,000 was available last
    year and this year.

    Would that be roughly $2m in tax money compared to $20k in donations?

    Non government. Non profit. But somehow we’re paying for them.

    Link.

  74. JC

    …..why not just unwind all the transactions in the period concerned.

    Because you never unwind transactions. It’s a golden rule of financial markets. The only times it’s happened is if there is an internal glitch in the operations of the exchange.

    Start unwinding transactions and you end up without a market.

    Don’t try and debate this Greys, you idiot as markets have been operating like this for 100′s of years and no one requires you facile input.

  75. entropy

    The EDO tried to extract funding from a program I was running once. I was very, very nice to the lady on the other end of the phone, but declined the opportunity. Somehow i did not think the EDO would approach the issue with disinterest and objectivity.

  76. DaveF

    And you’d be right entropy.

    Are you govt?

  77. Raven

    Ahh …what a handsome young lad , I’m sure he’ll enjoy jail , when he’s able to sit down again …don’t drop the soap young fella ….
    LMFAO ! . What a dipshit !

  78. Honesty

    If you wanted to be an idiot troll what comments would you make to piss off a capitalist libertarian blog? You would quote left wing economists and misquote right wing free marketeers. Now what if you didn’t read much, didn’t understand economics and had the IQ of a twelve year old? You would be Grey. Unless he puts up a supported argument or he can be mocked he serves no purpose. He is a useful (just) idiot of the left.

  79. nilk

    DaveF, I reckon it’s about time government departments stop funding ‘charities’ and ngos. As a thought experiment I once tried tracing the funding for a non-profit mob (can’t remember who) and it did my head in.

    So many of them get government money and then they show up as sponsors on each other’s websites and in the reports.

    That’s an awful lot of money down the drain for the bottom feeders.

  80. Cold-Hands

    As predicted by Johno (8.37 pm), “Our ABC” is happy to interview this “activist” so he can further disseminate his platform (ABC 774 this morning). According to Moylan the fall in the Whitehaven share price is the fault of the ANZ for not cottoning onto him sooner. He voices all the usual Green delusions and sounds like he doesn’t believe that there will be any adverse consequences for his little ‘hoax’. I hope he’s wrong…

  81. Alfonso

    Jonno is going to get touched up.
    Otherwise this will become a weekly occurrence.
    The more something pays the more of it you get.

  82. lotocoti

    I once tried tracing the funding for a non-profit mob (can’t remember who) and it did my head in.

    The Prince of Swearblogging began looking into fake charities a couple of years ago.
    Rummaging through the annual accounts of our own versions has become my default first action whenever one of them receives encouraging nods from the government over their latest missive.

  83. cohenite

    Can’t seem to find a photo of this Moylan dickhead; anyone got a link?

  84. 1735099

    Ah…the sanctity of the market.
    The last person who chased the shysters out of the temple went on to better things, but in the end was crucified.
    Given that hypermaterialsism is the current deathcult, crucifixion remains a possibility.

  85. Can’t seem to find a photo of this Moylan dickhead; anyone got a link?

    Blair’s got a photo. Well-captioned, too: “Jonathan’s been working on this look for years”.

  86. .

    Ah…the sanctity of the market.
    The last person who chased the shysters out of the temple went on to better things, but in the end was crucified.
    Given that hypermaterialsism is the current deathcult, crucifixion remains a possibility.

    Must be why the Commos have an online store.

    Everyone is a believer in a loving and all powerful God when they are at sea.

  87. .

    Whitehaven Coal lost more than $276 million in market value after coal activist Jonathan Moylan issued a fake press release suggesting that ANZ had withdrawn its $1.2 billion loan to help Whitehaven build a new mine, because of environmental concerns. Within minutes Whitehaven shares plunged spectacularly by 31c, or 8.8 per cent, from $3.52 to $3.21 shortly after midday …

    Fucking oath. Send him to gaol. The downside is he’d call himself a “political prisoner”.

  88. cohenite

    Thanks sdog; methinks this parasite Moylan will get away with this just as Gillard has so far escaped being charged with a plethora of potential charges like misprison when this felony charge is currently being used against the catholic church.

  89. blogstrop

    You just don’t care how loopy you look, do you numbers?

  90. Sinclair Davidson

    The last person who chased the shysters out of the temple went on to better things

    Yes – I like this idea. Crucify all troublemakers. :)

  91. .

    Yeah dickhead Numbers…I want to own a lot of stuff.

    Do you want to put me to death for such aspirations? We know Grey and Bragg will back the idea as it minimises “positional externalities”.

    Sinc, liberty quote numbers. He needs eternal punishment comprising of sweet, sweet constancy and comeuppance.

  92. cohenite

    Given that hypermaterialsism is the current deathcult, crucifixion remains a possibility.

    Numbers has potential; currently he is a dickhead; if he keeps this florid prose up he will quickly graduate to serious dickhead.

  93. Token

    F*cking oath. Send him to gaol. The downside is he’d call himself a “political prisoner”.

    ASIC has a choice, send the man to gaol to make clear the seriousness of using a hoax to defraud investors, or do nothing and encourage a series of esculating copy cat crimes.

    Based upon the past performance of government agencies dealing with lefty law breakers, I trust they’ll do the latter.

  94. JC

    Fucking oath. Send him to gaol. The downside is he’d call himself a “political prison

    Brusier, the jail tough, wouldn’t care. He’d call him his little bitch.

    He’s an idea. The other side should begin destroying renew ball installations. Get thor’s hammer to solar plants and wreck windmills.

  95. Token

    Has Numbers gone all biblical on us and decided to post while speaking in toungues?

  96. Lazlo

    Can’t seem to find a photo of this Moylan dickhead; anyone got a link?

    Tim Blair has a photo of SpongeJon SmugPants

  97. JC

    Do you want to put me to death for such aspirations? We know Grey and Bragg will back the idea as it minimises “positional externalities”.

    Wear a nice suit to an interview and Crazy Braggs would have you locked up. Wear a fetching new outfit showing some leg and cleavage to attract men and Craze would say it’s unfair on less attractive gals and it would be off to prison.

    I’m starting to figure the reasons the Left like extreme Islam is because they like how they operate.

  98. JC

    See:

    Given that hypermaterialsism is the current deathcult, crucifixion remains a possibility.

    This is really how some of them think.

  99. .

    I know my tone can put some people off, but Moylan basically reckons he’s above the law because he’s a deranged far leftist.

    If the courts agree, it’s pitchfork crazy time.

  100. Leigh Lowe

    I checked, the Cleaners Union made the right call and made $300 million. We are sitting pretty, thanks for your concern.

    Standby for me to mathematically prove you are a dickhead, Grey.
    Just on 9,000,000 shares in WHC changed hands yesterday at a trading range of $3.21 to $3.60.
    For your Cleaners Union to have made $300 meg you would have to have traded the entire volume at a profit of $33/share.
    Please essplain?
    Then again, if you are, in fact, a lefty union scumbag type, maths wouldn’t be your strong suit would it?

  101. Token

    If the courts agree, it’s pitchfork crazy time.

    The link between financial loss and the actions of this lefty tool are so strong it would take an agency as useless as Fair Work Australia to screw this persecution up.

    All Moylan needs is the AFP to investigate…

  102. Myrrdin Seren

    wreck windmills

    Well yeah.

    If you don’t like despoiling of the landscape;

    are appalled by crony capitalists soaking energy consumers via subsidies, tax breaks and mandates to unjustly line their pockets; and

    detest the pointless slaughter of harmless avian species ( follow the linkies )

    then it is hard to understand why Eco-Comrade Moylen is not leading a charge of radical direct action against the whirling symbols of oppression – unless he is a raving hypocrite or seriously delusional of course ?

    Which of course is a nice defense – “I am not an economic terrorist Your Worship, here instead is a certificate proving I am a raving loon !”

    Case dismissed.

  103. Keith

    The last person who chased the shysters out of the temple went on to better things, but in the end was crucified.

    Different venue, he did the job in-person, and he didn’t lie or pretend to be someone else to achieve his aims.

    Trust you do misrepresent the context numbers.

  104. Leigh Lowe

    Given that hypermaterialsism is the current deathcult,

    And there speaks the retired potato peeler, who would love to be able to not only participate in hyper-materialism, but also to spell it correctly.
    Alas his spud peeling career yielded little in the way of earthly riches.

  105. JC

    You know MS

    You could really destroy the renew ball industry pretty easily if there were people prepared to take action.

    If a group of people decided to take serious action as a reprisal against concerted attacks by the totalitarian left on our industries by wrecking just a few of them.. insurance hikes would basically render the rest useless and stop further encroachment in its tracks.

    The left knows how to hit the underbelly. Others should hit theirs too.

  106. Myrrdin Seren

    I’m starting to figure the reasons the Left like extreme Islam is because they like how they operate.

    Well there is indeed the attraction of the totalitarian absolutism of Sharia to warm the cockles of the Cult of Latter Day Leninists.

    But I have also seen it suggested that the Left is in awe of Islamists as the uber-Victim Group de Jour, because they trump everyone else in terms of outrage.

    Not only are they so outraged that they will form rampaging mobs at the drop of a hat; not only do they actively seek to kill their perceived enemies at every opportunity BUT they will cheerfully blow themselves up to make the point.

    Now THAT is outrage that places the jihadis at the top of the Left’s Hierarchy of Awesomely Admirable Victims.

  107. Louis Hissink

    9 million shares traded? That would definitely prompt a speeding ticket.

    The Oz has a good article on it today emphasising the gullibility of the media. What’s new about that? Our media swallow most what they are fed by the political class, the CO2 pollution hoax being one more conspicuous hoax.

  108. entropy

    CORPORATIONS ACT 2001 – SECT 1041E

    False or misleading statements
    (1) A person must not (whether in this jurisdiction or elsewhere) make a statement, or disseminate information, if:

    (a) the statement or information is false in a material particular or is materially misleading; and

    (b) the statement or information is likely:

    (i) to induce persons in this jurisdiction to apply for financial products; or

    (ii) to induce persons in this jurisdiction to dispose of or acquire financial products; or

    (iii) to have the effect of increasing, reducing, maintaining or stabilising the price for trading in financial products on a financial market operated in this jurisdiction; and

    (c) when the person makes the statement, or disseminates the information:

    (i) the person does not care whether the statement or information is true or false; or

    (ii) the person knows, or ought reasonably to have known, that the statement or information is false in a material particular or is materially misleading.

    Note 1: Failure to comply with this subsection is an offence (see subsection 1311(1)). For defences to a prosecution based on this subsection, see Division 4.

    Note 2: Failure to comply with this subsection may also lead to civil liability under section 1041I. For relief from liability under that section, see Division 4.

    (2) For the purposes of the application of the Criminal Code in relation to an offence based on subsection (1), paragraph (1)(a) is a physical element, the fault element for which is as specified in paragraph (1)(c).

    (3) For the purposes of an offence based on subsection (1), strict liability applies to subparagraphs (1)(b)(i), (ii) and (iii).

  109. entropy

    CORPORATIONS ACT 2001 – SECT 1041H

    Misleading or deceptive conduct (civil liability only)
    (1) A person must not, in this jurisdiction, engage in conduct, in relation to a financial product or a financial service, that is misleading or deceptive or is likely to mislead or deceive.

    Note 1: Failure to comply with this subsection is not an offence.

    Note 2: Failure to comply with this subsection may lead to civil liability under section 1041I. For limits on, and relief from, liability under that section, see Division 4.

    (2) The reference in subsection (1) to engaging in conduct in relation to a financial product includes (but is not limited to) any of the following:

    (a) dealing in a financial product;

    (b) without limiting paragraph (a):

    (i) issuing a financial product;

    (ii) publishing a notice in relation to a financial product;

    (iii) making, or making an evaluation of, an offer under a takeover bid or a recommendation relating to such an offer;

    (iv) applying to become a standard employer-sponsor (within the meaning of the Superannuation Industry (Supervision) Act 1993 ) of a superannuation entity (within the meaning of that Act);

    (v) permitting a person to become a standard employer-sponsor (within the meaning of the Superannuation Industry (Supervision) Act 1993 ) of a superannuation entity (within the meaning of that Act);

    (vi) a trustee of a superannuation entity (within the meaning of the Superannuation Industry (Supervision) Act 1993 ) dealing with a beneficiary of that entity as such a beneficiary;

    (vii) a trustee of a superannuation entity (within the meaning of the Superannuation Industry (Supervision) Act 1993 ) dealing with an employer-sponsor (within the meaning of that Act), or an associate (within the meaning of that Act) of an employer-sponsor, of that entity as such an employer-sponsor or associate;

    (viii) applying, on behalf of an employee (within the meaning of the Retirement Savings Accounts Act 1997 ), for the employee to become the holder of an RSA product;

    (ix) an RSA provider (within the meaning of the Retirement Savings Accounts Act 1997 ) dealing with an employer (within the meaning of that Act), or an associate (within the meaning of that Act) of an employer, who makes an application, on behalf of an employee (within the meaning of that Act) of the employer, for the employee to become the holder of an RSA product, as such an employer;

    (x) carrying on negotiations, or making arrangements, or doing any other act, preparatory to, or in any way related to, an activity covered by any of subparagraphs (i) to (ix).

    (3) Conduct:

    (a) that contravenes:

    (i) section 670A (misleading or deceptive takeover document); or

    (ii) section 728 (misleading or deceptive fundraising document); or

    (b) in relation to a disclosure document or statement within the meaning of section 953A; or

    (c) in relation to a disclosure document or statement within the meaning of section 1022A;

    does not contravene subsection (1). For this purpose, conduct contravenes the provision even if the conduct does not constitute an offence, or does not lead to any liability, because of the availability of a defence.

  110. entropy

    The liability also probably requires consideration of sections of the Criminal Code Act 1995

    Division 6 — Cases where fault elements are not required

    6.1 Strict liability

    (1) If a law that creates an offence provides that the offence is an offence of strict liability:

    (a) there are no fault elements for any of the physical elements of the offence; and

    (b) the defence of mistake of fact under section 9.2 is available.

    (2) If a law that creates an offence provides that strict liability applies to a particular physical element of the offence:

    (a) there are no fault elements for that physical element; and

    (b) the defence of mistake of fact under section 9.2 is available in relation to that physical element.

    (3) The existence of strict liability does not make any other defence unavailable.

    6.2 Absolute liability

    (1) If a law that creates an offence provides that the offence is an offence of absolute liability:

    (a) there are no fault elements for any of the physical elements of the offence; and

    (b) the defence of mistake of fact under section 9.2 is unavailable.

    (2) If a law that creates an offence provides that absolute liability applies to a particular physical element of the offence:

    (a) there are no fault elements for that physical element; and

    (b) the defence of mistake of fact under section 9.2 is unavailable in relation to that physical element.

    (3) The existence of absolute liability does not make any other defence unavailable.

    9.2 Mistake of fact (strict liability)

    (1) A person is not criminally responsible for an offence that has a physical element for which there is no fault element if:

    (a) at or before the time of the conduct constituting the physical element, the person considered whether or not facts existed, and is under a mistaken but reasonable belief about those facts; and

    (b) had those facts existed, the conduct would not have constituted an offence.

    (2) A person may be regarded as having considered whether or not facts existed if:

    (a) he or she had considered, on a previous occasion, whether those facts existed in the circumstances surrounding that occasion; and

    (b) he or she honestly and reasonably believed that the circumstances surrounding the present occasion were the same, or substantially the same, as those surrounding the previous occasion.

    Note: Section 6.2 prevents this section applying in situations of absolute liability.

    9.3 Mistake or ignorance of statute law

    (1) A person can be criminally responsible for an offence even if, at the time of the conduct constituting the offence, he or she is mistaken about, or ignorant of, the existence or content of an Act that directly or indirectly creates the offence or directly or indirectly affects the scope or operation of the offence.

  111. Splatacrobat

    They gave that other aussie serial pest Trenton Oldfield 6 months prison for disrupting a boat race. Surely this twerp will get a custodial sentence as an example not to commit fraud?

  112. Supplice

    Give him a sentence of hard labour, pickaxe and sledge, at the local Whitehaven Coal operation, until such a time as he personally digs up $300 million worth of coal to compensate for damages done.

  113. Grey

    Because you never unwind transactions. It’s a golden rule of financial markets. The only times it’s happened is if there is an internal glitch in the operations of the exchange.

    Start unwinding transactions and you end up without a market.

    Don’t try and debate this Greys, you idiot as markets have been operating like this for 100′s of years and no one requires you facile input.

    Made a bundle, JC?

    Good for you, God bless capitalism!

  114. Myrrdin Seren

    Pity he can’t be sent to the mines

    Irony much t’would be.

  115. Mark

    The dopey little twerp has just spoken on Sydney radio 2GB. As well as the matter under discussion he started to crap on about the coal industry causing unprecedented weather events such as today’s heat. When Luke Grant corrected him about the world not warming over the last sixteen years he responded, “some people believe that”.

    Methinks he needs a stint in “the big house”.

  116. Leigh Lowe

    9 million shares traded? That would definitely prompt a speeding ticket.

    Louis. There are about 1 billion shares on issue, so turnover of 9,000,000, whilst high-ish, is less than 1% of shares on issue.

    There will be no legal consequences for this slug. The “right to protest” is enshrined, if not formally in the law, at least in the mindsets of most of the shit we have wearing ermine and horse-hair these days.
    If me and 50 of my colleagues want to block Collins St at peak hour on Friday night for fun, we will cop a whack from Plod.
    If 50 Socialist Left students want to block Collins St to protest about Julian Assange/cattle exports/gay whales/whatever, they will get a police escort.

  117. Grey

    Louis. There are about 1 billion shares on issue, so turnover of 9,000,000, whilst high-ish, is less than 1% of shares on issue.

    So when you guys were bloviating about causing a loss of $300 million you actually meant causing $2.7 million to change hands between traders?

  118. .

    You’re an innumerate shithead.

    Those who hold shares suffer a change in value.

    ‘It’s only fraud by means of stock manipulation against investors if losses are crystalised’

    Once again, deranged left wing activists believe they are above the law and can write it by opening their bucket mouths.

  119. Grey

    Dot, I haven’t gone and checked, but have you finally ‘fessed up to misreading that graph from the Treasury paper?

  120. JC, (1050) what do you think I’ve been doing for the last two years?

  121. JC

    So when you guys were bloviating about causing a loss of $300 million you actually meant causing $2.7 million to change hands between traders?

    Greys, you’re an idiot and here’s why.

    The number of shares that actually changed hands was small to the number of shares issued so the losses incurred is quite possibly $2.7 million. (Just going on the numbers on the thread.)

    That’s not how it’s worked out though, you nimbus.

    Say there are 1 billion shares on issue and the market price is 10 bucks. That means the value of the company is $10 billion right.

    Say of there’s a drop of 50%. The market capitalization drops by $5 billion.

    The 300 million loss in this case means the market capitalization dropped by that amount because this worthless piece of shit committed a fraud.

  122. Grey

    JC, (1050) what do you think I’ve been doing for the last two years?

    Errrr, vandalizing renewable energy businesses on behalf of Big Coal, perchance?

  123. JC

    JC, (1050) what do you think I’ve been doing for the last two years?

    Really… You’ve been getting a hammer to useless solar panels, Winston?

    Dude, if you are , you’re doing the Load’s work on earth. You should be sainted while you’re alive.

    CL should nominate you to the pope.

  124. brc

    When Luke Grant corrected him about the world not warming over the last sixteen years he responded, “some people believe that”.

    So now the alarmists think that the temp records have been doctored to hide the heat?

    I think we should do a thought experiment. We will impersonate the public sector union and issue a press release saying they have agreed to cut 100,000 positions, effective immediately. Later on in the day we will admit it was a hoax protest about the number of worthless public servants. Under this new regime, that should be ok, right?

  125. Grey

    The number of shares that actually changed hands was small to the number of shares issued so the losses incurred is quite possibly $2.7 million. (Just going on the numbers on the thread.)

    I love JC, he is so stupid he actually plagiarizes my very own on screen calculation.

  126. Good Lord, no.
    Not a hammer, JC. That would be malicious damage, and that’s a criminal offence.
    Surprising how much damage hail does even when you don’t see much on the ground.

  127. JC

    Errrr, vandalizing renewable energy businesses on behalf of Big Coal, perchance?

    Nope. Just good old fashioned pay back, doofus.

    The renew balls “assets” ( they aren’t really assets of course… just liabilities) are actually quite vulnerable.

    Concerted attacks on them would put those sniveling rent seekers and their supporters outta business because they wouldn’t be able to incur higher insurance charges. I’m sure the contract clauses in the policies would most likely include terror attacks because the assessed risk would be low as no one has attacked them… Yet.

    Raise the cost of insurance and the present assets would incur higher insurance while new projects would unlikely not get built.

    Two sides could play this game, Greys and your side would lose, you fucking moron.

  128. Gab

    he is so stupid he actually plagiarizes my very own on screen calculation

    Actually, you make it clear you know not what you speak. JC highlights you have no knowledge on the issue. But keep at it as you are providing us amusement. Nothing funnier than a clueless Grey pretending to know what he’s talking about.

  129. Louis Hissink

    Leigh,

    True but hardly indigent day trader numbers either – I remain suspicious.

  130. candy

    Hoaxing and impersonation can be dangerous. That nurse in the UK had emotional problems already and it only took one bad incident to tip her over. I guess this is a different setting, but same idea.

  131. JimD

    “So when you guys were bloviating about causing a loss of $300 million you actually meant causing $2.7 million to change hands between traders?”.
    No dickhead.The shares dropped 30cents which wiped 300 million off the market value of the company.About 3 million shares traded before the trading halt ie:some $10 million. Some people lost a lot of money thanks to your lefty fuckwit mob.

  132. JC

    I love JC, he is so stupid he actually plagiarizes my very own on screen calculation

    What was supposed to have plagiarized, Greys? I saw you last comment which suggested you don’t understand the difference between a realized loss and paper losses from a fall in market cap.

    Don’t flatter yourself, you dummy as you’re the last person I’d plagiarize.

  133. Dr Faustus

    It will be interesting to watch the ASIC investigation – particularly as it relates to Fairfax’s role in propagating young Jonathon’s clever wheeze and accelerating the market run on Whitehaven.

    The quality journalists at the Fin Rev would have been well aware that a person commits an offense by disseminating information when:

    the person knows, or ought reasonably to have known, that the statement or information is false in a material particular or is materially misleading.

    In capital markets, a ‘reasonable person’ would surely have checked with the ASX platform and the Company before going the disseminate. This may be an interesting test of how much fact checking the Corporations law requires.

  134. Grey

    Don’t flatter yourself, you dummy as you’re the last person I’d plagiarize.

    Right you are, I misread what you wrote. Apologies.

    [See, dot, how easy it is?]

  135. Ain’t blow back a bitch, Dr Faustus?

  136. JC

    Right you are, I misread what you wrote. Apologies.

    You really are an idiot, Greys.

  137. Grey

    Nothing funnier than a clueless Grey pretending to know what he’s talking about.

    Gab, trust me when I say if ever I appear to know something about the markets, that is entirely by chance.

    Honest, I am so stupid that when you said this “He didn’t cause a loss of $300 million to a company and it’s shareholders “, referring to Orson Welles, a reasonable implication being that Moylan had, I believed it.

    How about $2.7 million in market value changing hands? Is that better?

  138. JC

    How about $2.7 million in market value changing hands? Is that better?

    No! Market value didn’t change hands you idiot. The number of stocks did.

  139. JimD

    Samuel J,
    Your article could lead the ignorant to think that it’s up to ASIC whether or not any action is taken.
    Clearly the prick, and the “we” he referred to, broke the criminal code, corporations etc law aside, and has admitted to it, no further proof required, guilty as carged, straight to the slammer with extra time for contempt of court if he refuses to dislose who the “we”is( his co criminal conspirators).

  140. Grey

    JC

    Nope. Just good old fashioned pay back, doofus.

    The renew balls “assets” ( they aren’t really assets of course… just liabilities) are actually quite vulnerable.

    If I understand what Winston is claiming here “Surprising how much damage hail does even when you don’t see much on the ground.” He seems to be saying he goes around damaging solar panels in a way he thinks can’t be proved in order that people will buy more coal generated electricity, thereby increasing his stock portfolio. Do correct me if I am wrong.

    [Can I just add here I think Winston Smith is a nutter, not a criminal]

  141. Dr Faustus

    WS: Judging by today’s rather weaselly Chanticleer, I’d say scorched.

  142. JC

    Do correct me if I am wrong.

    Dunno, can’t be bothered to think it out. Whatever, he’s doing the lord’s work on earth though and ought to be sainted.

  143. kevin

    Does anybody have this clown’s address?

  144. Keith

    JC,
    It might be considered pay back, but it would lead to escalation – greenfilth attacks on transmission lines for instance. Everyone would be ramping security and insurance and passing it on to the consumer of course.

  145. Grey

    Dunno, can’t be bothered to think it out. Whatever, he’s doing the lord’s work on earth though and ought to be sainted.

    Maybe Winston had a darker meaning in mind. Returning to Clive Palmer’s theme of the CIA running Greenpeace, perhaps Winston Smith is engaged in cognitive infiltration of the green movement.
    This would involve long periods living in the forest, smoking dope, banging a drum and sleeping with unwashed bisexuals with hairy legs.

    If so, he has well and truly earned his money

  146. Token

    Whatever Winston said is pure speculation about statements made on the web. YAWN.

    By contrast, the legislation Entropy listed indicates that Moylan and anyone/organisation that assisted in the fraud is in a lot of trouble.

  147. brc

    Smashing solar panels would have zero effect on coal because they don’t provide any meaningful contribution to power generation. If a country-wide hailstorm came down tomorrow and smashed every single panel, the price of electricity would not change one single bit.

  148. JC

    Keith

    Ordinarily that would be true. However the green-scum would have tried that stuff on by now as they haven’t shown any limitations.

    It’s hard to attack a coal plant because there are fences and security. They don’t try anything with transmission wires because they probably realize they would be zapped.

  149. Grey

    By contrast, the legislation Entropy listed indicates that Moylan and anyone/organisation that assisted in the fraud is in a lot of trouble.

    Dream on, then the EDO could issue subpoenas to the ASX to see who made the trades in that 30 minute trading period.

    This one isn’t going anywhere.

  150. JC

    BRC

    Actually smashing solar panels and wrecking windmills would lower the price of energy.

    Think about that for a second folks. Think about it.

    It’s like the broken windows fallacy in reverse. Wreck a large number of solar panels and the nation’s wealth would actually increase. This is how much the green-scum has actually distorted our energy supplies.

  151. DaveF

    In related news the Sea Shepherd leader Paul Watson has resigned as skipper but will stay on as crew.

    They appear to think this will side step the US court injunction in some way that I can’t fathom.

    Is the ship now transferred to SS Australia given that SS US is injuncted along with the Pirate in Chief?

    Bob Brown is now a Director of the piratical organisation.

    “I am honored to serve the great whales of the Southern Ocean and Sea Shepherd in this way,” said former Greens Party leader and former Senator Brown. My admiration for Paul Watson is inversely proportional to the Japanese government’s anger at Sea Shepherd’s success at preventing the slaughter of almost 4,000 whales in recent years,” he added. “I ask Australians to support generously so that this great mission can continue.”

    TL;DR: I’m back to my old destructive ways. Send money.

  152. Keith

    My admiration for Paul Watson is inversely proportional to the Japanese government’s anger at Sea Shepherd’s success at preventing the slaughter of almost 4,000 whales in recent years

    Mad Bobby failed maths, I see.

  153. candy

    Impersonation might be a crime, identity theft or something.

  154. brc

    Actually smashing solar panels and wrecking windmills would lower the price of energy.

    Think about that for a second folks. Think about it.

    It’s like the broken windows fallacy in reverse. Wreck a large number of solar panels and the nation’s wealth would actually increase. This is how much the green-scum has actually distorted our energy supplies.

    Of course you’re right and I thought of that not long after I hit submit.

    Just halting the FIT payments to the solar panel owners would present a very positive addition to the nations wealth, somewhat offset by having to pay people to remove the broken eyesores.

    It would also release a large amount of small businesses to get back to constructive work instead of choking up trade shows with their displays on how to get free money from the government.

    I wonder if we can calculate a NPV for using the desal plants for bombing practice?

  155. Louis Hissink

    CIA running Greenpeace – puh I recall Hugh Morgan of WMC relating the fact that WMC’s competitors in the US were sicking the greens onto WMC because at the time, WMC was not hampered by green grunge. A means of equalising the green pain apparently. So Clive’s belief isn’t all that bizarre. The Environment movement was initially bankrolled by Maurice Strong via the UN years ago. God knows who are financing it these days – apart from the taxpayers.

  156. Token

    Dream on, then the EDO could issue subpoenas to the ASX to see who made the trades in that 30 minute trading period.

    This one isn’t going anywhere.

    Ah, the prose of a puritanical lefty zealot in sermon mode is something to behold.

  157. .

    Dream on, then the EDO could issue subpoenas to the ASX to see who made the trades in that 30 minute trading period.

    This one isn’t going anywhere.

    Yeah right. Someone selling their shares because they were spooked by the fraud is now assisting the fraud.

    Fuck. Head.

  158. Leigh Lowe

    Grey you innumerate nuff-nuff.
    My calculation addressed your claim that the Mop and Bucket Retirement Fund had made $300 meg on the roughly 1% of shares traded – clearly an impossibility.
    Any diminution in value impacts ALL shareholders, not just those who traded on the day.
    The market cap is around $3,500 meg, so a paper loss of over $300 meg was in play after the little scam.
    OK, the price recovered, but no thanks to the indolent dole-bludger who triggered it all.
    Why don’t you stick to something within the bounds of your capability, like Leggo for example.

  159. entropy

    why would they need to subpoena them? aren’t those sort of records public?

    Anyway:
    1.there would be a large number of shareholders temporarily affected: their shares returned to the previous values that afternoon once the fraud was exposed. I don’t know if this group would have any grounds for action.
    2. there would be a small group who dumped their shares at a lower value in response to the fraud, but bought back in, maybe even at a lower price. They made money. would this group want to do anything?
    3 there is a really small group would didn’t have any shares in the first place, but bought in knowing it was fraudulent. thus making money when the price rose. Will anyone go after them?
    4.there would be a larger group who dumped their shares at a lower value as a result of the alleged fraud, but did not buy back at the same or lower price. The alleged fraud has reduced their property as surely as theft. This group would be aggrieved and could pursue civil action if ASIC doesn’t do anything.

  160. JimD

    “This group would be aggrieved and could pursue civil action if ASIC doesn’t do anything”.
    Wot? Sue a fn dole bludger for monetary restitution?
    As IF. Further, the pricks broke the law and it’s not ASIC’s prerogative as to whether other persons can take action or not.They breached the crimes act and a formal complaint to the wallopers should result in Wacko in 5 minutes. ASIC’s got no overiding say in that.

  161. Paul

    “Betcha nuthin’ comes of this. Harmless prank, no personal gain, exercise of free speech; all that sorta stuff.”

    Not forgetting “young and naive”.

  162. .

    “Young, naive and communist

  163. Steve of Glasshouse

    Keith wrote..” My admiration for Paul Watson is inversely proportional to the Japanese government’s anger at Sea Shepherd’s success at preventing the slaughter of almost 4,000 whales in recent years

    Mad Bobby failed maths, I see.”
    Also, just how big are the scientific/factory ships. 4000 whales is a lot of sashimi..

  164. Paul

    Also, just how big are the scientific/factory ships. 4000 whales is a lot of sashimi..

    Ask Google. That’s what it does best.

  165. blogstrop

    Once again, grey fades to black. He has nothing.

  166. Steve of Glasshouse

    Paul..
    ‘Also, just how big are the scientific/factory ships. 4000 whales is a lot of sashimi..

    Ask Google. That’s what it does best.”

    just taking the piss at Saint Bob the Brown’s maths. The Japanese go down there to “harvest” 200 ( guess) whales. If 4000 whales dodge a harpoon but the harvest is still 200, it’s a zero sum media game.
    I’m praying a for a rogue wave..

  167. Cold-Hands

    Hoaxing and impersonation can be dangerous. That nurse in the UK had emotional problems already and it only took one bad incident to tip her over. I guess this is a different setting, but same idea.

    Similarly, if the fall in share value precipitated a margin call on a margin-lending portfolio, leading to further sell offs, losses to an investor could be magnified, tipping them over the edge. These sort of hoaxes can lead to all sorts of unintended consequences and thus Moylan should be dealt with severely to stamp this fraudulent activity out.

  168. H B Bear

    The Sea Shepherd cabin boys will be sleeping less well tonight. I wonder if Bob can still hoist a jolly roger?

  169. stackja

    “market manipulation and fraud” sounds like climate hoax. Why do the climates face sanctions?

  170. stackja

    “market manipulation and fraud” sounds like climate hoax. Why do the climates not face sanctions?

  171. Leigh Lowe

    The Sea Shepherd cabin boys will be sleeping less well tonight. I wonder if Bob can still hoist a jolly roger?

    Enough H.B.!

    I am sure the cabin boys have no reason to fear any Jolly Rogering activities from Bob.

  172. Leigh Lowe

    I’m praying a for a rogue wave..

    Q. What do you call an activist who falls overboard in heavy seas?
    A. Bob.

  173. Leigh Lowe

    The Sea Shepherd cabin boys will be sleeping less well tonight. I wonder if Bob can still hoist a jolly roger?

    Will the cabin boys be promoted to the rank of Able Semen if they perform well at Jolly Roger?

  174. Paul

    Sorry Steve. That’s the trouble with the Net. You can’t always make out the raised eyebrow so easily. Statements on a forum can look so matter-of-fact.

  175. Ian Roberts

    There was nothing noble about little Johathan’s fraud.

    He engaged in formal publishing across all Australian states, and every overseas country that could receive those online media reports. As such he clearly breached publishing laws in each of those places – some more so than others.

    He published libellous literature that affected the reputation of two companies; he committed identity fraud by impersonating someone; he breached telecommunication laws by transmitting fraudulent material; he breached telecommunication laws by impersonating someone; he breached the ANZ Bank’s copyright; he probably breached hate laws in some countries; by an illegal act, he fraudulently published material with the potential of misleading overseas investors; he knowingly and actively encouraged media outlets to publish fraudulent material; by inference, he defammed the reputation (sic) of individual journalists; by actively attempting to cripple national infrastructure, he may well have overstepped anti-terrorism laws.

    And by publicly supporting him, I wonder if certain politicians could be party to illegal behaviour after the act.

    Juvenile behaviour, but hardly clever and certainly not harmless. This one cannot be allowed to pass.

  176. Myrrdin Seren

    And as perhaps the post-script to leave on this thread before we all flock to Doomlord’s new posts on Moylan:

    Mr Moylan told ABC radio today: “ASIC turned up at the camp and I don’t know how much I’m allowed to say because there are offences for revealing details of an investigation … I’ve been asked to attend questioning and they’ve seized my phone and computer”.

    On Monday Mr Moylan, who lives at the camp about 25 kilometres from Boggabri

    http://www.theaustralian.com.au/business/companies/asic-seizes-jonathan-moylans-phone-pc-amid-whitehave-hoax-probe/story-fn91v9q3-1226550074368

    So ASIC are taking this seriously – a roadtrip to some bush squat at Boggabri in +40 deg C heat !

  177. .

    Well said Ian. Hammer the smug little prick.

  178. Saxon

    Ian Roberts,
    hear hear! and not one f*** or s*** word.

  179. Paul

    “This one cannot be allowed to pass.”

    He’ll be praised as a hero among the globalist club…oh look, they’re praising him up as I type.

  180. Cracklier

    The hoaxer really needs to understand that in the modern world he first needs to set up a corporation , then find a good public relations adviser and finally an even better lawyer. The he can lie with FULL impunity.

  181. Bort

    Everybody should be thanking this man, his concerns are the sustainability of planet Earth, and he has taken a huge risk to inform everybody that the world is full of greedy money-hungry Ceo’s that just don’t give a fu k whether you live or die, or whether their will be a next generation. How many examples through history do these people need, of civilisations rising then falling because they’ve chopped all their trees down, it’s countless. We are global now, and we are still chopping trees down, we face the same problem that our species has always faced, except this time it will be Global. What’s the point of paying taxes, avoiding weed, and obeying the law, if nobody actually cares about the planet. Mr Moylan is a hero, put him in jail and I’ll break him out with unlimited force.

  182. Fred

    I think a lot of people are missing the point and accepting this grub at his word. Many investors have lost money, but other investors have made a killing on the market rebound which left Whitehaven Coal only a few cents down at the end of trading. Notice Moyen’s claim that he didn’t benefit financially. He was well aware that some people would make a killing. I don’t think you could believe a word that comes out of his mouth. I do hope the ANZ officer is looking at charges of identity theft

  183. James

    Well aside from the fraud committed against Whitehaven and the ANZ. He illegally used an ANZ employees name to perpetrate his crime. So surely he should also be charged with identity theft.

    This is what the AFP says about identity crimes.
    “Identity crime is a critical threat to the Australian community. This crime type generates significant profits for offenders and causes considerable financial losses to the Australian Government, private industry and individuals.”

    http://www.afp.gov.au/policing/fraud/identity-crime.aspx

  184. Anon

    And how much are the mining companies costing my daughters future lifestyle? If I put a value on that it would be far more than the 9 percent drop in share price that the wealthy faced.

  185. LW

    All I want to say, is that I simply pay into my super, and I expect my fund, to do a capable job.

    When a hoax can upset the apple cart like this, it dosn’t hurt anyone but the poor bastard like me, that just wants a few bucks to retire on – I don’t want swimming pools, luxury boats, etc, I just want enough to survive.

    The guy could have upset his own family, but wouldn’t care – probably lives on the dole, and never worked in his friggin life.

  186. To Bort, You seem to be the only evolved, thinking human being on this blog.
    If the earth is not warming up too fast, why are icebergs melting ? and where will water be found when the Hymalaya, Andes, etc, are ice-free ?
    What is the INTRINSIC value of market shares ? Is not the stock-market the biggest GAMBLING house ? Those who panicked and sold hurriedly may be the most fervent, greedy followers of the “Market” ???
    I refuse to invest my savings with for the higher returns, i want to know how they are used : staying in the local community, helping it per the local Credit Union.
    Totally by chance, twelve years ago i met this young man in a country railway waiting room. We struck up a conversation. As a great-grand-mother, i wish there were a few billions Jonathans. Maybe then there would be some hope of a livable future on Earth.

  187. JC

    Great gran

    Curious…we’re you an early teen mother?

  188. .

    Mr Moylan is a hero, put him in jail and I’ll break him out with unlimited force.

    Come on hero, let’s see you do that.

    Totally by chance, twelve years ago i met this young man in a country railway waiting room. We struck up a conversation. As a great-grand-mother, i wish there were a few billions Jonathans. Maybe then there would be some hope of a livable future on Earth.

    He was 12 at the time, you old perv.

  189. candy

    He might have been a good kid, Grand-grand-mother but no-one’s above the law, last time I checked.

  190. .

    Great gran

    Curious…we’re you an early teen mother?

    Not teeth, no year 10 leaving certificate, pensioned since 15 and no fucking idea.

  191. Token

    Holy moley.

    How long is the list of “long time lurker, first time posters” types who contributed with deranged lefty fruitbat comments to this thread?

  192. nilk

    I suspect that the bleating hordes like Bort and Great-Grandma would be the first to call the police in the event of a burglary or assault.

    I don’t know why – it’s not as if they advocate actually holding to the Law.

    On the contrary, they’re happy for it to be broken so long as it fits in with their idea of what is ‘for the greater good*.’

    *for some reason I’m thinking of the movie Hot Fuzz. If you’ve not seen the film, the link is for a snippet from towards the end, so consider this a spoiler alert.

  193. I was 21, and had been married for 17 months when my first child was born.
    Not many teeth left, i grew up in Europe during WWII, quite undernourished; so, i empathize with the hungry people.
    No Leaving certificate. But its European equivalent. And started work at 14 as sole earner in the family. In 1945, my father’s business and most of his customers having been bombed out by our Liberators, he could not readily find work.
    Would you call your own grand-mothers “pervs” for talking to a child ? He looked hungry and cold; my motherly heart went out to him; but soon i was most surprised at the wisdom emanating from him. At that young age, he could have lived carefree and jolly in his good family home, but he was concerned and revolted at so much misery in the world, all created through greed. He deeply regretted that his strong views caused pain to his parents. Isn’t it odd, how we can sometimes unburden our heart to complete strangers and yet can’t communicate with our nearest and dearest ? But then, isn’t that what bloggers do?

    Investors CAN have a lot of influence, by investing in truly ethical companies. Shouldn’t we care whether our savings are being used for good purposes or for making cluster bombs or mines ? For destroying the forests or the fish stocks ? Most of the contributors to this blog appear to have no concern for the coming generations. Please reassure me !

  194. Cindy Eiritz

    Jonathan is a strong, courageous, creative person. ANZ should not be funding coal projects. Coal projects are morally wrong in this day and age of climate change. Coal exports are causing global warming. Global warming is causing the increase in frequency and intensity of fires, floods, cyclones and superstorms. Wake up ANZ, you can do better!

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