Perhaps the most explosive story of the week involves billionaire Richard White and allegations of insider trading. According to reports in both the Sydney Morning Herald and The Age, a recording has surfaced of White apparently attempting to settle with an employee who had complained about his conduct — with a reported $5 million cash offer on the table. That recording has now been forwarded to the corporate regulator, raising the stakes considerably. The case promises to draw sustained scrutiny in the weeks ahead as regulators assess the material.
A Billionaire, a Recording, and a $5 Million Cash Offer
