Former CEO of Big Un Limited charged with insider trading (ASIC, 2023)

Judgment entered

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In February 2023 ASIC announced that Big Un's former chief executive Richard Evans was charged with communicating inside information to a shareholder in January 2017. He pleaded guilty on 10 April 2026 and on 25 September 2026 the District Court of NSW convicted him and sentenced him to one year and nine months' imprisonment by intensive correction order, with 400 hours of community service.

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 charge on February 14, 2023 as release 23-025MR.

ASIC alleges Evans told a shareholder around January 10, 2017 how many customers had been onboarded to the company's promotional package and about a funding arrangement with First Class Capital. Big Un's shares were suspended in February 2018 and the company later went into liquidation.

He appeared through his lawyer at the Downing Centre Local Court with a mention listed for April 2023. The earlier record had no defendant name.

Outcome: this was a criminal prosecution by the Commonwealth Director of Public Prosecutions on ASIC's referral. ASIC's release of 25 September 2026 says Evans was convicted and sentenced that day in the District Court of New South Wales for communicating inside information to another person, receiving one year and nine months' imprisonment served as an intensive correction order with 400 hours of community service. He is automatically disqualified from managing corporations for five years. ASIC says he pleaded guilty on 10 April 2026 (release 26-069MR) after a trial was vacated. The release states no fine and no penalty in dollars, so none is recorded.

What technique is this, and how does it work?

This action is tagged with one technique 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.

Timeline

1. 2023-02-14 ASIC media release
2. 2026-04-10 Evans pleads guilty to communicating inside information (District Court of NSW)
3. 2026-09-25 Evans convicted and sentenced: 21 months, intensive correction order, 400 hours community service

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
• ASIC media release 26-069MR (guilty plea)
• ASIC media release 26-230MR (sentence)

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

Same matter

The library links these 2 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Related actions

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

Record added September 10, 2026. submit a correction.