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ASX share scandal: Former director faces 10 years’ jail – Motley Fool Australia
A mining company director and his acquaintance have appeared in court after ASIC charged them with inside information offences.
Two men face 10 years’ in prison for alleged illegal share market manipulation.
Former director of Quantum Resources Ltd (now known as Nova Minerals Ltd (ASX: NVA)) Avrohom Mordechai Kimelman and Don George Evans of Inglewood, WA, appeared in Perth Magistrates’ Court on Friday facing multiple charges.
The Australian Securities and Investments Commission (ASIC) accused Kimelman and Evans of conspiring to manipulate NVA’s share price in November 2015.
Evans, who did not work for the company, ac…
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