Former top barrister Norman O’Bryan faces jail over Banksia class action fraud
Australian Financial Review
Disgraced barrister Norman O’Bryan may face up to one year in jail for attempting to defraud retirees in the Banksia Securities class action.Summary
Former leading barrister Norman O’Bryan is expected to receive a jail sentence of up to one year after pleading guilty to fraud related to the Banksia Securities class action. Prosecutors did not seek the maximum penalty during Thursday’s sentencing hearing. O’Bryan’s conviction marks a significant downfall from his previous position as a highly respected commercial silk in Melbourne’s legal community. The case centers around his attempt to defraud retirees out of millions of dollars through the class action.
(Source：Australian Financial Review)