WR1 2.86% 51.0¢ winsome resources limited

WR1 General Discussion, page-13189

  1. 354 Posts.
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    A reminder to anyone that thinks this is okay - the last guy that got caught doing exactly this on HC was sentenced to 2.5 years jail this month.

    "He used techniques known as wash trading – buying and selling between accounts he controlled – which has or is likely to create a false or misleading appearance about active trading in the market. ASIC said Govinda also used dummy bids for company shares, which falsely increased the perceived demand and so price for the stocks."

    "A trader and online personality has been sentenced to two-and-a-half years imprisonment after pleading guilty to 23 charges of market manipulation and 19 charges of illegal dissemination of information relating to the manipulation."

 
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