SFO charges options trader Greg Arnott with $2.5M fraud

Tue, 23 Oct 2012

Oct. 23 (BusinessDesk) - The Serious Fraud Office has charged options trader Greg Arnott for using some $2.5 million of investor funds for other purposes, and expects to charge another person soon. The charges come after the white-collar crime investigator completed its probe into Derivatek New Zealand, which traded options on the ASX on behalf of New Zealand clients. Arnott faces five charges under the Crimes Act of theft by a person in a special relationship and making a false statement by promoter. The SFO alleges Arnott used investor f...

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