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Secrets of ASIC raids on EverBlu, ASX Wolf revealed

Secrets of ASIC raids on EverBlu, ASX Wolf revealed

Here’s what prompted the corporate regulator to seize documents and data from a Sydney stockbroker and flashy Gold Coast sharetrader.

Liam Walsh, Jonathan Shapiro and Jemima Whyte
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Suspicions that controversial stockbroker Adam Blumenthal and his firm EverBlu may have rigged trading in cannabis shares and persuaded directors of a mining company to act dishonestly drove spectacular corporate regulator raids across two states last November.

The suspicions were revealed in a search warrant obtained exclusively by AFR Weekend, which also lists concerns that Mr Blumenthal and EverBlu may have worked with flashy sharetrader Tyson “ASX Wolf” Scholz in potentially creating a false share-trading market around cannabis company Creso Pharma.

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Liam WalshReporterLiam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
Jonathan Shapiro
Jonathan ShapiroSenior reporterJonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
Jemima Whyte
Jemima WhyteSenior reporterJemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com

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Original URL: https://www.afr.com/companies/media-and-marketing/secrets-of-asic-raids-on-everblu-asx-wolf-revealed-20221020-p5brf9