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

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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 … Continue reading The Expected Result (No Surprises)

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 … Continue reading Why am I not surprised?

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 … Continue reading Gay has Sympathisers!