Rodney Adler: Difference between revisions
No edit summary |
Sentence has been served - cannot be described as a criminal |
||
| Line 14: | Line 14: | ||
}} |
}} |
||
'''Rodney Stephens Adler''' (born 19 August 1959) is an Australian |
'''Rodney Stephens Adler''' (born 19 August 1959) is an Australian businessman and former director of telecommunications company [[One.Tel]] and insurance company [[HIH Insurance|HIH]], both of which collapsed in 2001. He was jailed in 2005 for his conduct related to the collapse of HIH. |
||
== Early life == |
== Early life == |
||
Adler is the son of [[Hungary|Hungarian]] [[Jewish]] immigrant, Larry Adler, who founded the insurance company [[FAI]] in 1960. {{Citation needed|date=September 2008}} He was educated at [[Cranbrook School Sydney|Cranbrook School]], where One.Tel founder [[Jodee Rich]] was a classmate. He obtained degrees of Bachelor of Commerce from the [[University of New South Wales]] and Master of Economics from [[Macquarie University]] and |
Adler is the son of [[Hungary|Hungarian]] [[Jewish]] immigrant, Larry Adler, who founded the insurance company [[FAI]] in 1960. {{Citation needed|date=September 2008}} He was educated at [[Cranbrook School Sydney|Cranbrook School]], where One.Tel founder [[Jodee Rich]] was a classmate. He obtained degrees of Bachelor of Commerce from the [[University of New South Wales]] and Master of Economics from [[Macquarie University]] and is a qualified chartered accountant. |
||
He is married to Lyndi and has four children: Jason, Romi, Natalie and Charlotte.<ref>{{cite news | first=Rodney | last=Adler | coauthors= | title=From the inside | date=11 December 2007 | publisher= | url =http://bulletin.ninemsn.com.au/article.aspx?id=332123 | work =The Bulletin | pages =20–26 | accessdate = {{date|2008-01-10}} | language = }}</ref>. |
He is married to Lyndi and has four children: Jason, Romi, Natalie and Charlotte.<ref>{{cite news | first=Rodney | last=Adler | coauthors= | title=From the inside | date=11 December 2007 | publisher= | url =http://bulletin.ninemsn.com.au/article.aspx?id=332123 | work =The Bulletin | pages =20–26 | accessdate = {{date|2008-01-10}} | language = }}</ref>. |
||
Revision as of 05:39, 31 October 2010
 |
Rodney Adler | |
|---|---|
| Born | 19 August 1959 |
| Nationality | Australian |
Rodney Stephens Adler (born 19 August 1959) is an Australian businessman and former director of telecommunications company One.Tel and insurance company HIH, both of which collapsed in 2001. He was jailed in 2005 for his conduct related to the collapse of HIH.
Early life
Adler is the son of Hungarian Jewish immigrant, Larry Adler, who founded the insurance company FAI in 1960. [citation needed] He was educated at Cranbrook School, where One.Tel founder Jodee Rich was a classmate. He obtained degrees of Bachelor of Commerce from the University of New South Wales and Master of Economics from Macquarie University and is a qualified chartered accountant.
He is married to Lyndi and has four children: Jason, Romi, Natalie and Charlotte.[1].
Business
The case relates to a series of stock trades Mr Adler made in mid-2000 with HIH funds, less than a year before the insurance giant collapsed under a debt of more than $5 billion in what is still Australia's worst corporate disaster.
The trades involved the company Pacific Eagle Equity of which Rodney Adler was the sole director and beneficiary. In 2004, Adler bought close to $4 million worth of shares, in at least three separate transactions. The transactions had an inflationary effect on HIH's share price.
Adler was originally imprisoned in a low security facility but was subsequently moved to the higher security Bathurst Jail when it was discovered he was conducting prohibited business transactions from his cell.
Prison
On 13 October 2007 at 8:30 am, Adler was released from the St Heliers Correctional Centre in the Upper Hunter Valley on parole, after serving only two and a half years of his sentence, spending time in nine different correctional facilities. Adler was reunited with his wife, Lyndi, and their four children at their mansion in the eastern Sydney suburb of Vaucluse. Adler described the prison system as "Darwinian, degrading, outdated, boring and pointless" in an article written for The Bulletin magazine in December 2007.[2][3]
He had been made a member of the Order of Australia in 1999, but surrendered it after his criminal conviction.[4]
References
- ^ Adler, Rodney (11 December 2007). "From the inside". The Bulletin. pp. 20–26. Retrieved 10 January 2008.
{{cite news}}: Cite has empty unknown parameter:|coauthors=(help) - ^ [1][dead link]Template:Wayback
- ^ "Rodney Adler released from jail". Fairfax. 13 October 2007.
{{cite web}}: Cite has empty unknown parameter:|coauthors=(help) - ^ Herald Sun: Billionaire Richard Pratt surrenders Order of Australia awards
External links
See also