Benjamin Heath Cooper of Bexley NSW appeared on Friday 12 March 2021 in the Perth Magistrates' Court charged with conspiracy with others to manipulate the market for the shares of Quantum Resources Limited.
ASIC alleges that, on 16 November 2015, Mr Cooper conspired with Avrohom Kimelman and Don Evans to manipulate Quantum's share price, in contravention of sections 1041A and 1311(1) of the Corporations Act 2001 (Cth) and section 11.5(1) of the Criminal Code (Cth) (20-223MR).
Quantum is now known as Nova Minerals Limited.
At the time of the alleged offence, market manipulation carried a maximum penalty of ten years' imprisonment. In March 2019, the maximum penalty for this offence was increased to 15 years imprisonment.
The matter is being prosecuted by the Commonwealth Director of Public Prosecutions and has been adjourned until 5 May 2021 for mention at the Stirling Gardens Magistrates Court.
