Opes Prime Stockbroking News
Former Opes Prime boss Laurie Emini and fellow director Anthony Blumberg have been jailed after the security and lending firm’s 2008 collapse left creditors owed more than $630 million. Emini, 48, was jailed for two years. One year is to be served immediately behind bars and the rest as a excellent behaviour bond. He pleaded [...]
Continue Reading Opes Prime directors jailed
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TWO former directors of failed stock lender Opes Prime have formally pleaded guilty to breaching their duties as company directors. Opes Prime Stockbroking Ltd, which specialised in borrowing and lending securities, collapsed in March 2008 after cash and stock passage irregularities allegedly were uncovered in a small number of accounts. Creditors were owed about $630 [...]
Continue Reading Opes Prime directors plead guilty in Court
A SENIOR ANZ risk management committee examined the bank’s controversial securities lending program and approved its associated risks 16 months before the collapse of margin lender Opes Prime. In 2006, the bank’s powerful credit and trading risk committee (CTC) was briefed on a plot to increase ANZ’s exposure to margin lending through its “equity financing” [...]
Continue Reading ANZ cleared the way for Opes risk
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Gain an insight into: • The role of litigation funders • Recent developments in Australian class actions including: Multiple claims; The NSW Supreme Incite or the Federal Incite of Australia?; The Opes Prime mediation/machinate of arrangement covenant develop and the future; Contingency fees • The fantastic argument: is the Australian class action regime a slave [...]
Continue Reading Class actions & litigation in uncertain times
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Businesses Prepare for Decade with 22 Million New Jobs, But Only 17 Million New Workers (PRWEB) August 10, 2005 PRWEB) August 10, 2005 — According to the Society for Human Pile Management (SHRM), it is estimated by in the next ten years, about [...]
Continue Reading Businesses Prepare for Decade with 22 Million New Jobs, But Only 17 Million New Workers
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Businessman Laurie Emini has appeared in a Melbourne court over his involvement in the collapse of stockbroking company Opes Prime in 2008. ANZ Bank called in the receivers to Australian brokerage group Opes Prime on Friday after it found irregularities in its accounts and massive losses. ANZ Bank was owed A0 million by Opes [...]
Continue Reading Former Opes Prime director faces court
Opes Prime Directors Plead Not Guilty Two former directors of the collapsed stockbroking business Opes Prime Stockbroking Limited (OPSL), Anthony Blumberg and Julian Smith, have pleaded not guilty to charges brought by ASIC The two men have been ordered to appear in the Victorian Supreme Court in March to stand trial on several charges relating [...]
Continue Reading Opes Prime Latest News
Tags: blumberg, julian smith, lirim emini, opes prime
Opes Prime collapsed in March 2008. Here is a short article about what happened and how it collapsed. Opes Prime was formed as a specialist securities lending and margin lending broker- it started its operations in 2003 by Laurie Emini and Julian Smith. Anz and Merrill Lynch were Opes Prime’s bankers. The clients borrowed money [...]
Continue Reading Opes Prime Collapse
Signs of fraud in Opes Prime collapse CEO Laurie Emini told staff to top up Accounts of big clients with margin calls ANZ, Merrill dumping A.2 bln of stock 9 firms called trading halts Home loan growth slowed in February Still grew 12.1% despite housing slump S&P affirms finance company ratings All depends on liquidity [...]
Continue Reading Signs of fraud in Opes Prime collapse
14th August 2009 Melbourne Dealer Dealer Online announced today it has executed over .65 billion in trades since the company’s acquisition by MDS Financial Group in April 2008, demonstrating a noteworthy growth in trade volumes and values. Tom Boland, Manager of Dealer Dealer Online said, “Since the acquisition of Dealer Dealer Online from the Opes [...]
Continue Reading Low cost online trading company reaches $1.65 billion mark
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$1.65 actions anthony blumberg anz ASIC billion blumberg Businesses Class Collapse company cost court Decade director faces Former fraud jailed Jobs julian smith laurie emini lirim emini litigation mark Million online Only Opes opes prime Prepare Prime primebroker reaches Signs tiger Times toothless trading uncertain Workers
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