Perth accountant charged over alleged insider trading in Genesis Minerals shares (ASIC, 2024)

Alleged — pending

These are allegations. ASIC has filed an action; nothing in it has been proven, and the respondents have not been found liable. Everything described on this page is what the regulator alleges, not what a court has found. See our editorial policy.

✓ Checked against the primary document on October 4, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

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In December 2024 ASIC announced that Perth accountant Vittorio Letizia had been charged in the Perth Magistrates' Court with five counts of insider trading, alleging he bought Genesis Minerals shares on five occasions in September 2021 while in possession of inside information. ASIC's later notes record committal to the Federal Court of Australia and a three-week trial listed for 30 November 2026.

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 charges in release 24-289MR after a court appearance on 20 December 2024; the Commonwealth Director of Public Prosecutions prosecutes the charges, which arise under s1043A(1) of the Corporations Act.

The charged offence was punishable at the time by up to 15 years in prison, or alternatively a fine equal to the greater of $999,000 and triple the benefit. The release is updated through December 2025; no verdict is recorded.

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.

Checked on 2026-10-04: no outcome found on ASIC pages. ASIC's release 24-289MR records committal in January 2025, committal to the Federal Court of Australia in November 2025, a pre-trial hearing set for February 16, 2026, and a three-week trial listed to start on November 30, 2026. No plea, verdict or sentence is recorded, so the charges remain unproven.

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. 2024-12-23 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. If this matter has since resolved, been withdrawn or been dismissed, we want to know: submit a correction.