News

Nathans directors sentenced

Friday 2nd of September 2011

Doolan, Moses and a third director, Don Young, were convicted in July of five criminal offences involving offer documents containing untrue statements.

Nathans went into receivership in August 2007 owing 7,082 “mums and dads” investors about $174 million. Investors have been repaid 3.7 cents in the dollar of their principal with the last distribution in December 2009.

Justice Paul...

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