8. December 2011 10:55
11-285AD Appeal on sentence upheld for John Hartman
Wednesday 7 December 2011
The New South Wales Court of Criminal Appeal today upheld the appeal of Mr John Joseph Hartman against the severity of a sentence imposed on him last year for insider trading and tipping offences.
On 2 December 2010, Mr Hartman was sentenced to four years and six months imprisonment with a non-parole period of three years after pleading guilty to 19 insider trading charges and six tipping charges brought by ASIC. The offences were committed while Mr Hartman was employed by Orion Asset Management Limited as its equities dealer.
The Court of Criminal Appeal re-sentenced Mr Hartman to an overall term of three years imprisonment with a single pre-release period of 15 months. Mr Hartman must enter into a recognisance to observe and comply with conditions set by the court upon his release.