Insider Trading Charges Against Big Un’s Former CFO Dropped After Hung Jury | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis
Australian federal prosecutors have discontinued insider trading charges against Andrew Corner, former chief financial officer (CFO) of collapsed ASX-listed technology company Big Un Limited, after a jury failed to reach a unanimous verdict.
The Office of the Director of Public Prosecutions (Cth) (CDPP) confirmed the decision to drop proceedings following a five-week trial that concluded on 30 March 2026 with a hung jury. The CDPP determined not to pursue a retrial, citing the Prosecution Policy of the Commonwealth. The Australian Securities and Investments Commission (ASIC) has since declared the matter finalised.
Corner had originally been charged in April 2023 over allegations that he orchestrated the sale of approximately 1.7 million Big Un shares — worth more than $5 million — through private companies under his control while in possession of inside information.
The development marks a significant chapter in Australia’s longest-running corporate enforcement saga tied to Big Un’s spectacular 2018 collapse, which wiped out investor wealth and triggered a sweeping regulatory crackdown.
Notably, former Big Un CEO Richard Evans — previously known as Evertz — pleaded guilty in April 2026 to one charge of unlawfully communicating inside information to a shareholder, and is due to be sentenced in August 2026.
Big Un was delisted from the ASX in 2018 after being placed into voluntary administration and subsequently entering liquidation.
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