Victorian man sentenced in market manipulation case

25-302MR

criminal11 Dec 2025

Respondent

Behzad Eghrari

Facts

A Victorian man has been sentenced in the County Court of Victoria yesterday to a total of 15 months imprisonment for trading $7.14 million of ASX-listed securities between his own brokerage accounts, despite repeated warnings.

Outcome

ASIC criminal conviction/sentence — Behzad Eghrari: 15 months' imprisonment, released forthwith on a recognisance to be of good behaviour for 2 years, after pleading guilty to three market manipulation (wash trading) charges (County Court of Victoria, 2025-12-11). See the ASIC source for the full terms.

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Read the source

https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2025-releases/25-302mr-victorian-man-sentenced-in-market-manipulation-case

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