Overview

• The WA Supreme Court jury returned the verdict after about a week of deliberations in the marathon trial.
• Justice Natalie Whitby refused bail, with sentencing scheduled for October 30 in Perth.
• Prosecutor Steven Whybrow argued no genuine investments were made and purported returns were paid using other investors’ money.
• The charges covered roughly $30–34 million, while evidence referenced up to $250 million received and nearly $200 million paid out before ASIC shut the operation in 2018.
• Defence lawyer Luka Margaretic said the verdicts will be appealed.