Jonathan Moylan: Whitehaven hoax doesn’t fit usual mould, his lawyer says

Sentencing has been deferred, and the prosecution has said it is not pressing for Moylan to actually serve time

The case of an environmental activist whose hoax Australian Stock Exchange email temporarily wiped $314m off the value of Whitehaven Coal does not comfortably fit with other cases of market manipulation, his lawyer says.

Sentencing of Jonathan Moylan has been deferred to a date yet to be announced by Justice David Davies, with the court seeming to grapple with the fact that Moylan’s actions fitted the definition of white collar crime, but lacked the motivation of greed and profit usually associated with it.

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