Former Sonray Capital Exec Charged With $6M Theft

Law360, New York (September 27, 2011, 5:38 PM EDT) -- The Australian Securities and Investment Commission said Tuesday that the former director of Sonray Capital Markets Pty Ltd. had been arrested on charges that he stole AU$5.78 million (US$5.73 million) from the now-liquidated brokerage company.

Russell Andrew Johnson, of Toorak, Australia, appeared in the Melbourne Magistrates' Court after being arrested on 24 criminal charges in connection with the alleged theft. He faces a maximum of 10 years in prison on each charge if convicted, according to the ASIC.

The regulator accuses the former director of conspiring...
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