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Context: the case is being run by Andrew 'Twiggy' Forrest, a local billionaire, so there is a bottomless pit of money available for lawyers. A criminal breach
by femto 5y ago
Context: the case is being run by Andrew 'Twiggy' Forrest, a local billionaire, so there is a bottomless pit of money available for lawyers. A criminal breach of money laundering laws is being alleged. As an example of the possible penalties, an Australian bank was recently fined A$1.3 billion for breaches of money laundering laws. That was a civil case.
https://www.austrac.gov.au/news-and-media/our-recent-work/westpac-penalty-ordered https://www.austrac.gov.au/news-and-media/our-recent-work/we...
- jay_kyburz 5y agoI'm not a huge fan of Twiggy, but happy to see him take this on. Its ridiculous that a private citizen has to take this up and that law enforcement won't step up and enforce whatever laws we have that would prevent fraudulent ads anywhere else.
- 0xdeadb00f 5y agoThe law enforcement won't step in because they're technologically inept.