Jonathan Moylan is being investigated by authorities for serious offences. He has apparently admitted impersonating a bank and as a result of his hoax against a company and the ANZ bank he wiped $314 million off the value of Whitehaven Coal. And Christine Milne endorses his actions.
I'm sure that was just hilarious to the investors whose capital was tied up in the company.
We live in a free market society. Markets have to operate without fraudsters and hoaxers. I don't think it makes a jot of differences whether this bloke impersonated a bank with his hoax press release for the purpose of making a few million shorting the stock - or whether his intention was some other personal benefit like promoting Global Warming and feel-good-greenism.
He is a goose who should be made to repay his debt to society.
But Senator Christine Milne and Lee Rhiannon are something of an altogether different hue. They are law-makers, legislators, members of the parliament. And they both endorse this man's actions.
Greens MPs congratulate hoaxer whose deceit triggered sharemarket turmoil
Jonathan Swan, Judith Ireland, Damien Bright January 09, 2013
THE Greens leader, Senator Christine Milne, has endorsed a controversial hoax by an anti-coal activist, saying his actions were ''part of a long and proud history of civil disobedience, potentially breaking the law, to highlight something wrong''.
Her comments came after a tweet by her colleague Lee Rhiannon, who publicly congratulated Jonathan Moylan, an activist under scrutiny for impersonating a bank and temporarily wiping $314 million off the value of Whitehaven Coal.
''Congrats to Jonathan Moylan, Frontline Action on Coal, for exposing ANZ investment in coalmines,'' Ms Rhiannon tweeted on Tuesday night.
Mr Moylan orchestrated an elaborate hoax on Monday in which he tricked investors into thinking that a recent $1.2 billion loan arranged by ANZ for Whitehaven had been cancelled on ethical grounds.
Shares in Whitehaven, which counts the struggling coal baron Nathan Tinkler as its biggest shareholder, fell from $3.52 to $3.21 in rapid time before the stock was put into a trading halt.
Mr Moylan designed a fake ANZ press template, website and dummy email inbox online and impersonated a company spokesperson to callers, including Fairfax Media. Moylan is now obtaining legal representation, and has received calls from ASIC.
The Greens make their true intentions very, very clear - Christine Milne and Lee Rhiannon say crimes OK for climate change - Michael Smith News