Judge: RBA guilty of “shameful deceit”

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Via Banking Day:

A suspended sentence of three months is the punishment for a former sales director of Securency International convicted on a charge of false accounting.

Clifford John Gerathy, 67, of Maroubra, will have the sentence suspended for six months, Justice Kevin Bell of the Supreme Court of Victoria ruled on Friday.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.