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Rodney Adler Sentenced To Four And A Half Years Jail

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.

Rodney AdlerHIH 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”. [Read more…]