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Jonathan Moylan: Nothing to be guilty of

 

Jonathan Moylan had his own Mega Mosque moment when he created a parody email system called ANZcorporate and sent out fake press releases claiming a col mining project had lost  it line of credit from ANZ, of course the share price when tumbling because all this is fake  money and can disappear in  an instant. Then the banksters got angry that  people were figuring out their dirty tricks, his ‘roumortrage’  (rumor and arbitrage) had done real damage, but he unlike banksters had refused to take monetary advantage from it all.

Court case ensues, found guilty but unlikely to face jail because these kinds of finance crimes always have precedent and are usually accompanied by light sentences.

http://www.crikey.com.au/2014/07/11/will-whitehaven-coal-hoaxer-jonathan-moylan-go-to-jail/

 

Amazing the kind of damage you can do with a few dollars, a clever idea and stone cold bluff.

Because absolutely nothing can be a real cool hand.

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