Regulatory Alerts2025-12-22
Four ASX pump and dump conspirators sentenced to intensive correction orders
The Sydney District Court sentenced four co-conspirators to intensive correction orders ranging from 14 months to 2 years for their roles in an ASX pump and dump scheme executed via Telegram. The offenders, Larisa Quinlan, Kurt Stuart, Emma Summer, and Syed Yusef, pleaded guilty to conspiracy to commit market rigging and dealing with proceeds of crime, resulting in additional fines and community service requirements. ASIC Chair Joe Longo emphasized that this prosecution demonstrates the regulator's ongoing priority to target market manipulation and protect consumers from schemes that undermine financial market integrity.
Share