Former Gunns boss and convicted insider trader John Gay to pay $500,000 | The Mercury

nocookies To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Finally some common sense… This should have been done in the beginning. Posted from WordPress for Android

The Expected Result (No Surprises)

FORMER Gunns Ltd boss John Gay has avoided a jail term and been fined $50,000 for insider trading. Justice David Porter handed down the penalty today in the Supreme Court in Launceston, with Gay later describing the past four years as "among the hardest" of his life. Gay, 70, of Clarence St, Launceston, pleaded guilty […]

Why am I not surprised?

    THE Crown has told a Supreme Court Judge today it is not pushing for a full-time jail sentence for former Gunns chairman John Gay. John Eugene Gay, 70, of Clarence St, Launceston, pleaded guilty on August 5 to one count of insider trading. Gay sold more than 3.4 million Gunns shares between December […]

Gay has Sympathisers!

The rise and fall of John Gay JOHN Gay first came to the public's attention when he fronted the Royal Commission into the Edmund Rouse bribery scandal in 1991. The brash, no-nonsense boss of Gunns Kilndried Timber Industries was ordered to present his 1989 work diary, but turned up to the commission to explain he […]

Let's watch as Gay gets no punishment

The former head of the collapsed Tasmanian timber company Gunns, John Gay, is facing a maximum penalty of 10 years in prison, after admitting to insider trading. Gay was due to stand trial today, but changed his plea. The 70-year-old pleaded guilty in the Supreme Court in Launceston to one charge of insider trading after […]

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