Ahh Opes Crime, a particularly unsavory and embarrassing chapter...

Ahh Opes Crime, a particularly unsavory and embarrassing chapter in the annuls of Australian financial regulation.

Lending your clients stock to a third party so they can short it and blow your client up, ......brilliant!!.

Offshore accounts and Caymen Island companies, all so dodgy you couldn't write fiction better.

And when the big boys (ANZ) realise their mistakes, they wade in with their Gov backed status, grab what they can, flog it off in a fire sale, destroying yet more individuals, realising they will only be accountable to those with pockets deep enough, or connections dangerous enough to count. (thank you very much a certain irish sounding, celeb style Lawyer, and his mates,.... all better now?)

Yep, I doubt we will ever hear the true story here, but I suspect equal measures of deeply planned criminality, and utter stupefying incompetence.