Rodney Adler was today sentenced to jail for four years and six months for his role in the HIH insurance collapse, with a non-parole period of two and a half years.
HIH collapsed in March 2001 with liabilities of $5.3 billion.
Adler, 45, pleaded guilty to four criminal charges of making false statements about a purchase of HIH shares and lying to obtain money from HIH for a company in which he had an interest.
Justice John Dunford said Adler’s offences displayed “an appalling lack of commercial morality”.