Nothing Afterpay or its obstinate boosters have said about the company’s dereliction of customer ID verification – before or since AUSTRAC began dragging it to an overdue comeuppance – is ageing well.

Take, for instance, the latest from Bell Potter’s race caller Richard Coppleson (his 64,148 Afterpay shares worth $1.5 million). “The timing of [last week’s $317.2 million] placement also clouded the market, but that was really just bad luck as no one saw [AUSTRAC] coming,” Coppo told his clients on Monday.