Former Quantum Resources director convicted of insider trading and market manipulation offences (ASIC, 2021)

Judgment entered

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In November 2021 former Quantum Resources director Avrohom Kimelman was sentenced to 18 months' imprisonment, released on a A$5,000 recognisance, after conviction in the Victorian County Court for insider trading and conspiring to manipulate Quantum's share price.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

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Alleged gain

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A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The Australian Securities and Investments Commission announced the sentence on November 9, 2021 as release 21-297MR.

Kimelman conspired on November 16, 2015 to manipulate Quantum's share price and procured the purchase of 1,990,963 Quantum shares while holding inside information.

The record previously showed the matter as filed.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

What technique is this, and how does it work?

This action is tagged with 2 techniques in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Insider trading — see how it works, what statute it engages, and every other action tagged the same way.
• Price manipulation — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2021-11-09 ASIC media release

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• ASIC media release

The linked release is published by the issuing regulator under its own terms. Our summary and narrative above are our own writing.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.