Opes Prime Latest 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

Tags: anthony blumberg, jailed, laurie emini

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

Tags: anz, opes prime, primebroker

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