Rene Rivkin - theif and liar

(illustrated: Rivkin illegally traveling without a seat belt, no fine)

Rene Rivkin is a migrant to Australia from Russian-Jewish heritage.

In the later years he was most famous for his cheap (i.e. cheap TV advertising rate from 0:00 - 5:00) commercials.

In his commercial he promoted his trading business, and how his Rivkin Report gave information to buy low and sell high, one of the most well known fundamentals, that you did not need to buy his report in order to know.

What was unknown to the public at the time is that he was insider trading, a practice that is (not only illegal, but) common amongst the higher echelon of business. Other examples that did not see jail time for anyone are:

ABC Learning
Norwood Abbey (AX:NAL),
Visyboard
Multimedia LTD (AX:MUL)

What Rivkin did to fraudulently obtain his 'millions' was to buy an old printing company. for approx. $3,000,000 and together with the help of the insurance personnel that were in on it, politicians and solicitors, they then insured the company for $52,000,000 and then burned it down (a common practice)

When this became public knowledge, the scapegoat was Rivkin, with the other business people out of sight.

Since there was to be public trial, as the matter could not get resolved internally within the lodge, the official version given to Rivkin's death was suicide.

Case CLOSED no need to look into the missing millions.

At the trial the implication of others involved, was to name politicians, lawmakers and others which was very uncomforatble to the involved.

Rivkin was therefore murdered, and he did NOT commit suicide as the official version stands.

As in this case and many others, at the end of the day, the people got defrauded, as the insurance company will recoup their losses through higher insurance premiums.