June 2024
iSignthis vindicated, according to shell of iSignthis
Piercing John Karantzis’ indomitable self-narrative was difficult in Melbourne. Now that he’s based in Nicosia, it’s nigh-on impossible.
Federal Court rules iSignthis misled the market
A Federal Court judge says payments company iSignthis and its former managing director John Karantzis misled the market, but ASIC had failed to prove that the boss knew about performance milestones and deliberately structured revenue to trigger share bonuses.
September 2023
Got a problem with ASIC? Call Andrew Bragg
The Coalition Senator functions as a public clear-house for ASIC grievances, including from his associates in the crypto sector.
June 2023
iSignthis boss misled market on revenues: ASIC
John Karantzis misled the market about the company’s revenue and failed to correct it for more than a year, the corporate regulator alleged in court.
Visa termination letter wasn’t a final decision, iSignthis says
Lawyers for iSignthis argue the payments company did not breach disclosure laws related to a termination of its deal with payments giant Visa.
Experts clash over market expectations of iSignthis
An expert for iSignthis doesn’t believe an analyst who used revenue for a single quarter to calculate an annualised figure was making any type of forecast.
iSignthis boss ‘lying’ about Visa termination: court
iSignthis CEO John Karantzis lied to Clayton Utz about the nature of a letter from Visa, terminating the Australian fintech’s agreement, a court has heard.
iSignthis inflated revenue to get share bonus, court told
iSignthis chairman Tim Hart defended the company’s use of agreements where it recognised revenue collected for external licensees on its own books.
iSignthis believed ASX was leaking to the media, court told
A lawyer hired to advise iSignthis described mistrust between the company and the ASX amid questioning about its disclosure of a contract termination with Visa.
March 2023
iSignthis chairman says market was informed about big contracts
Tim Hart, the chairman of iSignthis, said investors should have paid more attention to the company’s cash flow statements and not comments made by CEO John Karantzis.
RBA’s digital $A could be legislated within five years
The chairman of the RBA-backed CBDC steering committee has outlined how an eAUD might work and a potential timeline for its implementation.
Visa termination would not have hurt iSignthis shares, court hears
ASIC alleges iSignthis misled the ASX when it told it in May 2020 that Visa had not made a final decision related to a partnership partly due to COVID-19 delays.
Accounting standards made us do it, iSignthis tells court
The corporate regulator had alleged the payment services group booked last-minute revenues in order for management to realise lucrative performance rights.
February 2023
Court hears iSignthis boss John Karantzis misled investors
The Federal Court heard John Karantzis failed to disclose that Visa had terminated a partnership and misled investors over the level of recurring revenues.
January 2023
New NSX investor has history with Jack Dorsey, Sam Bankman-Fried
Michael Giles, a Melburnian living in the US, has taken a 19.99 per cent stake in the fledgling exchange challenger.
December 2022
John Karantzis gets Grinched
This is the first time the ACCC has refused to accredit a company seeking to be accredited.
John Karantzis: amateur historian
The former iSignthis CEO is a modern marvel, a man born devoid of shame.
November 2022
John Karantzis must be taken at his word
We’re beginning to get a sneaking suspicion we can’t take everything John Karantzis says at face value.
September 2022
Grant Thornton auditor faces criminal charges over iSignthis audit
ASIC is pursuing Grant Thornton and a partner at the firm over its audit of the controversial 2018 accounts that led to a bonus share issue bonanza for iSignthis executives.
August 2022
iSignthis’ ASX lawsuit stalls over unpaid bond
The newly named Southern Cross Payments has left the Federal Court order unfilled for a month.