Perth trader Don Evans nods to Quantum Methods conspiracy as section of plea offer with Federal watchdog

The Australian Securities and Investments Commission has landed a 2nd conspiracy conviction around converse about junior explorer Quantum Methods.

Perth trader Don George Evans has pleaded guilty to one demand of conspiracy to manipulate Quantum’s share value in 2015.

But Mr Evans’ deal with Federal prosecutors has resulted in 9 other expenses getting dropped.

The offer unveiled in the Stirling Gardens Magistrates Court docket on Wednesday will come 10 months just after Mr Evans’ co-accused Avrohom Mordechai Kimelman struck a deal with Federal authorities more than alleged events at Quantum.

The Victorian County Courtroom imposed an 18-month suspended jail sentence of Mr Kimelman in November final yr.

The ASIC investigation was joined, in element, to communicate in November 2015 of a takeover offer between Quantum and an Israeli technologies enjoy that could have led to a listing on the US’s NASDAQ exchange.

ASIC experienced hit Mr Evans with 6 insider trading fees in September 2020 for allegedly getting shares though in possession of what the regulator claimed was inside data about the Israeli deal.

It also hit him with three prices of speaking this allegedly insider facts to other folks in November 2015.

Individuals insider trading and speaking within information prices from Mr Evans had been dropped as component of the plea offer nailed down this 7 days.

Mr Evans is scheduled to deal with a sentencing hearing in the WA Supreme Courtroom on January 31 on his sole conspiracy charge.

He declined to comment when named by The West Australian.

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