The famed short-seller has in recent months conducted two training sessions for ASIC staff.

Hempton schooling ASIC on spotting frauds

Clarification

Quite unbelievable that ASIC invited John Hempton to train their staff when he profits from ASIC targeting companies. But they did. Another great decision, Karen. Maybe next time Ms Chester should give Mr Hempton the keys to ASIC's offices, all their passwords, and the power to go after any business he feels like.

Chester, before she was a contender for the ASIC chairmanship, spent the 1990s working at the Commonwealth Treasury. Hempton was there working on tax policy at the same time. In fact, we understand that at one point, Chester was Hempton’s immediate supervi

It is a small world. Their relationship extends back decades.

Hempton has in recent months provided two hour-and-a-half-long sessions to several hundred ASIC staff, grouping together mostly foreign examples of corporate skullduggery

Not just a few staff, an enormous group of them.

we’ve had him in for some training to spot fake cash and fraud

Accurate

Quite unbelievable that ASIC has done this.