Oliver Curtis, investment banker and husband of Sydney PR queen Roxy Jacenko, has been sentenced to jail for minimum one year today.
He was found guilty of conspiracy to commit insider trading along with his former best friend, John Hartman. The insider trading ring that the pair operated led to Curtis profiting over $1.4 million.
Hartman told authorities that the money was spent on holidays to Las Vegas and Whistler, helicopter rides, $20,000 Ducati motorcycles, Mini Coopers and bachelor pad weekends at Bondi.
In the lead up to his conviction for the heavy insider trading charges, Justice Lucy McCallum said Curtis had declined multiple opportunities to cooperate with ASIC, and had shown “no contrition to any degree whatsoever” and “had not embraced responsibility for his offending”.
#BREAKING: Oliver Curtis has been sentenced to a maximum of 2 years in jail. #TMS7 https://t.co/BDna0GRueY
— The Morning Show (@morningshowon7) June 24, 2016
Jacenko and Curtis arrived in court for the sentencing to crowds of media and photographers:
Roxy Jacenko and her husband Oliver Curtis arrive at court ahead of his sentencing for insider trading #KIISnews pic.twitter.com/mtYQ0X5FWn
— KIIS 1065 (@kiis1065) June 23, 2016
Curtis was facing up to five years in prison, and a fine of $220,000. He was sentenced to maximum two years in jail, with at least one year without parole.
When handed the sentence, he handed his wedding ring to his wife Jacenko, and they kissed before he was led away.
Source: SMH.
Photo: 9 News.
