The Age
·general
·8 hours ago
Former Rabbitohs and EPL sponsor cops largest ever fine from ASIC case
Union Standard International Group received a record A$300 million fine from Australia's Federal Court on Thursday for systematic fraud affecting thousands of investors in Australia and China. The online trading house, formerly sponsoring Sheffield United and the South Sydney Rabbitohs, defrauded customers of roughly A$300 million through complex financial derivatives between 95 and 99 percent lost money.
Summary by OZbrief · The Age
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