re: grant - comsuc down again?but what? In a legitimate portfolio worth $2.82m, $180k is not a minor amount. At 6.4% of portfolio value, it is material in its own right. It would also involve 10,000 "blue chip" ANZ shares. Not a trifling amount in any scheme of things.
This exercise started out involving an on-line broker. So, selling a portfolio at market would involve executing each individual trade on-line, or calling the call centre, relaying the instructions, and listening when the instructions were called back.
The tapes retained by the call centre would demonstrate that our aggrieved offender answered in the affirmative when the instruction to sell at market was given, and when the stocks were called out to him.
What would also bring the offender undone would be if he was logged into his on-line account at any time before executing the trade over the phone (or on-line), but after the ANZ shares were erroneously credited to his account.
That's the thing, unless he was stuck somewhere north of Ularu, south of the Creek, and west of the Dingo Patch, and genuinely could not access his account details (etc), and did not do so, the offence would still be made out.
But that said, I did not realise before executing the trade that I had this number of shares, but very quickly afterwards, I realised that I had too much money.
In other words, I am too naive to know the details of my portfolio holdings, but quite cluey to know exactly how much it should be (or is) worth.
'mmm, me thinks that someone is searching for a slight technicality here which, except for the greatest of co-incidences, would not be found. Patsy would still come out of it smiling and the poor ole Dart would still do his time in penal servitude.
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