ASIC roundup: illegal phoenix activity and false crypto license claims

The Australian Securities & Investments Commission’s latest actions, August 11 – 18, 2023.

Former director sentenced to good behaviour bond – August 18, 2023

Giovanni Demasi, a former director of the long-haul trucking business Sapphire Freighters Pty Ltd, has been sentenced to a three-year good behavior bond and a A$10,000 ($6,433) recognisance after pleading guilty to one charge of making a false or misleading statement to

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