Former Big Un CEO pleads guilty in insider trading case (ASIC, 2026)

Judgment entered

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In April 2026 ASIC announced that Richard Evans, formerly Evertz, former chief executive of the collapsed ASX-listed Big Un, pleaded guilty in the Sydney District Court to one charge of communicating inside information to a shareholder around 10 January 2017 about customer numbers for its promotional package and a $20 million funding arrangement. The trial was vacated; sentencing was part heard on 21 August 2026 and adjourned to 25 September 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 plea in release 26-069MR; the Commonwealth Director of Public Prosecutions prosecutes after ASIC's referral.

The offence is communicating inside information where the recipient was likely to trade, not trading by Evans. No sentence 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.

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. 2026-04-09 ASIC media release

Primary documents

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• 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.

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.