“THE ACCOMPLICE”

THE LUKAS KAMAY AND CHRIS HILL WORST CASE OF INSIDER TRADING IN
AUSTRALIA.
 1.QUICK SUMMARY OF THE CASE .

• One of the largest insider trading cases in Australian history

involved over $7 million in illegal foreign exchange trades.
Lukas Kamay was sentenced to seven years and three months
in prison with a four-and-a-half year non-parole period.
 II. HOW DOES THE INSIDER TOOK PLACE?

• The illegal insider took place when Chris hill bumped into his old
university friend Lukas kamay at a reunion party in 2013 .A
chance conversation led to deal Chris to share yet to release the
data from the Australian bereau of Statistics or ABS , Then Lukas
kamay one of the master mind of this worst case insider trading in
Australia used the information to trade the Australian dollar on the
foreign exchange market.
 III.WHAT ARE THE NON PUBLIC INFORMATION
INVOLVING IN THIS CASE?

• Kamay used confidential and price sensitive ABS economic data

provided by his university friend, Hill, to trade in foreign exchange
derivative contract and is alleged to have made profits of over $7
million.
 IV.ARE THERE ANY MATERIAL INFORMATION
SHARED?HOW?

• Material nonpublic information is news or

information about a company that has not yet been
made public but could affect its stock price. Material
information in this instance was the sensitive and
public data that Chris Hill transferred with his friend
Lukas, utilizing a piece of paper he kept in his
pocket to obtain the data and a burner phone
registered under a different name to conduct a
massive trade.
V. WHO IS/ARE THE INSIDERS?

• NAB banker Lukas Kamay and

Australian Bureau of Statistics
employee Christopher Hill.
 VI.HOW WAS THE ILLEGAL TRADING BEEN
RESOLVED?
• -It was resolved when the AFP Australia had their chance to
caught up what Christopher Hill and Lukas Kumay are planning
to do. And that's a big help for the AFP to conduct a raid after
hearing all their coversations.
 VII. WAS IT AN EASY CASE? EXPLAIN.

• No, its not .

 VIII. WHAT IS OPINION ON HOW THE CASE WAS
HANDLED?
• The case was handled so smoothly because the AFP had their
constructive steps and actions on how they will going to resolve it. All
types of shreds of evidence were taken and they used it in the case. 
Eventually, everything fell into the right place and the operation has
been successful.
 IX. WHAR ARE YOUR KEY TAKE AWAYS FROM
THE CASE?
• Never think of doing something illegal. We have to think first of the
consequences of the actions we’re about to take and the things that will get
affected. 
• There’s no easy way of gaining profit. Everyone has to work hard for it. 
• Never trust someone you barely know. We should learn how to prevent
ourselves from possible fraud and from being betrayed. 
• Nothing’s going to work if done illegally. 
• Cooperation is the key for the cases to be resolved. 
• A constructive plan should be done before proceeding with the operation.