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ABS insider trader was âsusceptible to blackmailâ
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One of the men at the centre of Australiaâs biggest insider trading heist, Christopher Hill, failed a psychological evaluation for a job at the countryâs digital spy agency because he was deemed too âsusceptible to blackmailâ.
In the months after failing the test, Hill began passing confidential information from his workplace, The Australian Bureau of Statistics, to his university friend, Lukas Kamay.
Kamay used the yet-to-be released government data to place bets in the foreign exchange market, which saw the former National Australia Bank trader turn $10,000 of seed money into $7.8 million, before both men were arrested in May 2014.