{"id":1901749,"date":"2023-03-20T19:13:07","date_gmt":"2023-03-20T23:13:07","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/former-director-of-tesla-australia-sentenced-for-insider-trading\/"},"modified":"2023-03-20T19:22:27","modified_gmt":"2023-03-20T23:22:27","slug":"former-director-of-tesla-australia-sentenced-for-insider-trading","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/former-director-of-tesla-australia-sentenced-for-insider-trading\/","title":{"rendered":"Former director of Tesla Australia sentenced for insider trading"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fformer-director-of-tesla-australia-sentenced-for-insider-trading%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1901749&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p> <br \/>\n<?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"entry-content\">\n<p>A former director of Tesla&#8217;s Australian unit has been sentenced to two and a half years in prison for insider trading but will be released immediately if he maintains &#8220;good behaviour&#8221;, according to Australia&#8217;s corporate watchdog, ASIC. This sentence comes after the former director pleaded guilty to two insider trading charges in relation to a supply deal that Tesla signed with Piedmont Lithium Inc in 2020. Kurt Schlosser bought 86,478 shares in Piedmont in two transactions after being informed of details of the\u00a0five-year spodumene concentrate supply agreement, and sold these shares for a realised profit of $28,883.53 after the agreement became public. The regulator also stated that Schlosser communicated the same information\u00a0to a friend, making it likely that the friend would acquire Piedmont shares, thereby committing\u00a0insider trading. Schlosser had already pleaded guilty in November last year, according to ASIC. Neither Tesla nor Piedmont offered any comments on the sentencing.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The former President of the United States, Donald Trump, reportedly expects to be heading for indictment this week.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Two leaders of rival nations, Russian President Vladimir Putin and Chinese President Xi Jinping, met in Moscow on Tuesday and referred to each other as &#8220;dear friends.&#8221;<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Florida Governor Ron DeSantis is among 18 state governors taking a stand against\u00a0US President Joe Biden&#8217;s environmental, social, and governance policies.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">  \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<div class=\"entry-content\">\n<p>Content moderators for Facebook in Kenya are suing Meta, the parent company of Facebook, and two outsourcing firms over the impact of the job on their mental health.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Italian sports car maker Ferrari stated on Monday that it had been threatened with a ransomware attack by a hacker.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>TikTok has announced that it has 150 million monthly active users in Europe, a fact the company revealed on Monday.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Microsoft has reportedly submitted proposals to the European Union in a bid to address antitrust concerns over the firm&#8217;s $69bn acquisition of Nuance Communications Inc.<\/p>\n<\/p><\/div>\n<p><\/p>\n<hr>\n<p>&#8216;From <a href=\"https:\/\/www.oann.com\/business\/former-director-of-tesla\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=former-director-of-tesla\">&#8220;Former director of Tesla Australia sentenced for insider trading&#8221;<\/a>&#8216;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -A former director of Tesla Inc\u2019s Australian unit was sentenced to two years and six months imprisonment and will be released immediately on the condition of \u201cgood behaviour\u201d, Australia\u2019s corporate watchdog said on Tuesday. The sentence follows the former director\u2019s guilty pleas to two insider trading offences tied to a supply deal the electric-car<\/p>\n","protected":false},"author":66,"featured_media":1901750,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[8960,6350,11362,4918,6734,3855],"class_list":["post-1901749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-australia","tag-director","tag-insider","tag-sentenced","tag-tesla","tag-trading"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1901749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1901749"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1901749\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1901750"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1901749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1901749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1901749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}