Rene Rivkin commits suicide.

[rick James]

He was in trouble for further breaces of the corporation law and Offset Alpine was also comming back to bite him on the A$$e. He supposedly was divorced about a month ago, probably for real but it might also help save a few assets. He began selling his personal assets of $30mil (including the house) last year, whats the bet they can't find too much of it? On the insider trading its rapant and hard to catch, Rene was very unlucky to get caught.

http://www.smh.com.au/news/Business/Sad-end-for-Rene-Rivkin/2005/05/01/1114886255223.html

This was comming too:

WHAT Rene Rivkin knew about the death of former model Caroline Byrne will never be revealed after his death yesterday.

The unresolved case of the 24-year-old woman whose body was found at the bottom of a notorious Sydney suicide spot in 1995 was just one of the scandals that surrounded the high-profile stockbroker.
Rivkin was likely to have been called as a witness in the event the NSW Director of Public Prosecutions approved a police recommendation to charge Gordon Wood, Rivkin's former chauffeur, with Byrne's murder. The decision is believed to be imminent.

http://www.news.com.au/story/0,10117,15148928-2,00.html

Well, the death of Byrne sounds more like he was merely a witness, not too well versed in the Offset Alpine stuff though, I'm sure ti will all come out in the wash.

I still stand by my comments that he was certainly not in the league of Bond or Skase though when it comes to corporate bastadry. And his death is certianly not something to laugh at considering the cause. All too often people make light of suicide as beign 'soft' or the easy way out, without understanding how serious depression and bi polar disorder really are.

 

[Falchoon]

You clearly don't understand Bi Polar disease or Manic Depression in the slightest.

Rivkin was convicted of a very MINOR case of insider trading. Do you people laugh and dance every time someone who once had a speeding fine dies from a terminal illness?

Hey?

If I had the opportunity to inside trade I probably would. I don't quite rank it up there with rape and murder. I was always wary of his Rivkin report which in some instances added to his millions whilst ripping off mom and pop investors, more immoral than illegal but his crimes probably amounted to the couple of months he spent in jail at worst.

but......

I'd have a huge amount of respect for the bloke if he said, I've been caught, convicted and sentenced by the Australian Legal Sysem for a crime committed and I've served that time. I now want to hop back on the wagon and make the best of my current situation through hard work again, or, I've learnt my lesson and will retire gracefully.

I have no problem with a greed is good mentality, none at all.

What was it that Rivkin did that makes some people say good riddance? Cause he was very succesful? Or are you just misinformed about what he was actually convicted for?

I'd much rather, particularly for his family and friends that he was still around, but I have a personal opinion that suicide is weak. "O my I can't live with myself I'll commit suicide and my 88 year old mother can find my lifeless body"

come on , that's a disgrace.

It is well documented that for many months prior to, and after his conviction he had been suffering very badly with his disease, and was unable to leave his bed, spending most of his final days just crying and sleeping. But yeah, I can see how his death should be made fun of, or even celebrated. Jerks.

Unfortunate, but would have been a huge triumph to get over, a better man may have, I don't know, but I will never condone suicide and certainly won't make fun of it, it's a serious matter.

But the guys values were clearly out of whack, what of the 88 y.o. mother, she's the one I feel sorry for, not Rivkin.

 

[hotpie]

Another ********* bites the dust.

 

[- PC -]

If I had the opportunity to inside trade I probably would. I don't quite rank it up there with rape and murder. I was always wary of his Rivkin report which in some instances added to his millions whilst ripping off mom and pop investors, more immoral than illegal but his crimes probably amounted to the couple of months he spent in jail at worst.

but......

I'd have a huge amount of respect for the bloke if he said, I've been caught, convicted and sentenced by the Australian Legal Sysem for a crime committed and I've served that time. I now want to hop back on the wagon and make the best of my current situation through hard work again, or, I've learnt my lesson and will retire gracefully.

.

If any comment sums up my feelings about Rene Rivkin these words go a long way to being as close as I feel

 

[bunsen burner]

Another ******** bites the dust.

Big call. Got proof?

 

[hotpie]

Big call. Got proof?

Just look at his lifestyle, hanging out in Kings Cross with 20 year old boys and put 2 and 2 together

 

[Grumpy Bum]

Just look at his lifestyle, hanging out in Kings Cross with 20 year old boys and put 2 and 2 together

Under 18 would constitute what you said, over 18 is consent

 

[MightyFighting]

Just look at his lifestyle, hanging out in Kings Cross with 20 year old boys and put 2 and 2 together

Rooting 20 year olds wouldn't make him a paedophile.

 

[hotpie]

Rooting 20 year olds wouldn't make him a paedophile.

Of course not.

 

[Grumpy Bum]

Of course not.

Well, it doesnt in any aspect of the law. Can you change our minds?

 

[Qsaint]

Under 18 would constitute what you said, over 18 is consent

I think the age of consent is lower in NSW

 

[hotpie]

If its a well known fact that a wealthy 60 year old hangs out in seedy Kings Cross with 20 year olds, its not much of a stretch of the imagination to take it one step further.

I guess you all think he's squeaky clean? That he had nothing to do with the murder of a girl at North Head? That all the wealth he obtained was legally gained?

The world is better off without him.

 

[Grumpy Bum]

If its a well known fact that a wealthy 60 year old hangs out in seedy Kings Cross with 20 year olds, its not much of a stretch of the imagination to take it one step further.

I guess you all think he's squeaky clean? That he had nothing to do with the murder of a girl at North Head? That all the wealth he obtained was legally gained?

The world is better off without him.

You cant base a slanderous statement on "a stretch of the imagination". You need proof.

Not arguing for or against his personality, dont really care, but, your statement stands out like dogs balls

 

[hotpie]

You cannot slander the dead.

 

[bunsen burner]

If its a well known fact that a wealthy 60 year old hangs out in seedy Kings Cross with 20 year olds, its not much of a stretch of the imagination to take it one step further.

1. homosexuality and pedophilia are different things.
2. Put yourself in his shoes: 60 years old and rich. You don't think you'd be trying to shag 20 year old girls if you could? If not, do you see anything wrong with it? Would you call a 60 year old wa nking to a Mayfair mag full of 20 yo girls a pedo? Same difference, except he prefers guys (allegedly).

For some reason you confuse homos with pedos.

That all the wealth he obtained was legally gained?

Why all the envy and jealousy?

The world is better off without him.

Then the world is better off without 90% of the population, including yourself. Or have you never committed a crime before?

 

[bunsen burner]

You cannot slander the dead.

Sure you can. He has a family that has survived him and by slandering him you are slandering them.

 

[Qsaint]

Well, the death of Byrne sounds more like he was merely a witness, not too well versed in the Offset Alpine stuff though, I'm sure ti will all come out in the wash.

I still stand by my comments that he was certainly not in the league of Bond or Skase though when it comes to corporate bastadry. And his death is certianly not something to laugh at considering the cause. All too often people make light of suicide as beign 'soft' or the easy way out, without understanding how serious depression and bi polar disorder really are.

Offset Alpine was a printing company with contracts to PBL, Rivkin and some well known mates bought into it through a hidden swiss structure. ASIC only found out by mistake. The place burned down very suspiciously and Rivikin and co made a motza because they insured the clap out presses for replacement value shortly before the fire. He may have gone full time to the big house. There are issues of breaches of the corporation act, fraud and tax avoidence. The guy in the Byrne case is somehow connected as well, so Rivikin was never going to be a mere witness. I agree that he is not as bad as Skase and Bond, but Offset Alpine and the Byrne case are a hell of alot more serious than insider trading.

http://www.theage.com.au/news/Business/ASIC-drops-Rivkin-inquiry/2005/05/02/1114886295126.html

ASIC drops Rivkin inquiry
May 2, 2005 - 12:35PM

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The corporate watchdog says it will drop its line of inquiry into Rene Rivkin's relationship to Offset Alpine Printing Group.

The Australian Securities and Investments Commission was investigating whether Mr Rivkin, businessman Trevor Kennedy and former Labor powerbroker Graham Richardson owned an undisclosed 38 per cent interest in Sydney business, which was destroyed by fire in 1994.

ASIC is still investigating the matter but said today that, in light of Mr Rivkin's death, it would drop its line of inquiry into his relationship to Offset Alpine.

A spokeswoman said this was because ASIC would not be able to take action in the event of any adverse finding against Mr Rivkin.

"Our investigation is continuing, but obviously we can't comment on operational matters," the spokeswoman said.

"We wouldn't be pursuing charges against Mr Rivkin now."

The 60-year-old convicted insider trader was found dead yesterday in his mother's Sydney apartment, just weeks after splitting up with his wife Gayle.

Advertisement
AdvertisementASIC's Offset Alpine investigation began in November 2003.

Shareholder's Association tribute

Rene Rivkin contributed greatly to the education the Australian public about sharemarkets, the Australian Shareholders' Association said.

ASA deputy chairman John Curry said Mr Rivkin, who was found dead yesterday, was a flamboyant stock market figure.

"He put a lot into his shareholder newspaper the Rivkin Report and he made a positive contribution to the market with that," Mr Curry said.

"At the same time the case in which he was convicted for insider trading sent a strong message to company directors of their duties.

"He was a character in the market and the market does need characters," Mr Curry said.

 

[Qsaint]

Sure you can. He has a family that has survived him and by slandering him you are slandering them.

If it cause them quantifiable damage

 

[Qsaint]

Further:

Rene Rivkin's once fabulous Midas touch has crumbled like the ash of one of his huge cigars.

His family have taken control of his affairs in a $27 million-plus assets sale to rein in his extravagant lifestyle.

For sale are his $16 million Point Piper mansion, his $6 million cruiser Dajo Shadita and commercial real estate worth about $5 million. Gone already is his fleet of more than 100 cars, including a Bentley, several Porsches, Ferraris and a Humvee, reduced to about five by auctions over the past four months.

And it is not just Rivkin's personal wealth that is undergoing a drastic reduction. With its staff reduced from 35 to half a dozen, the Rivkin Group is moving at the end of the month to smaller offices in Rushcutters Bay, where the rent is one-third of the $3000 a week it pays at Double Bay.

The dramatic readjustment is being directed by his wife, Gayle, 53, and eldest son, Damien, 31, while his second son, Jordan, 30, has taken control of the banned stockbroker's wide business interests, including the Rivkin Report, Rivkin Discount Stockbroking and Rivkin Financial Services.

It is a situation that would not have been possible or even contemplated before Rivkin lost his broker's licence and was sentenced last year to three months weekend jail for corporate fraud.

He then came under investigation by the Australian Securities and Investments Commission for allegedly concealing behind Swiss bank accounts the true ownership of a big block of shares in a former Rivkin company, Offset Alpine Pty Ltd. Rivkin and his partners, businessman Trevor Kennedy and former Labor powerbroker Graham Richardson, could face charges that carry a seven-year jail sentence.

To add to his woes, police last week reopened an investigation into a fire which destroyed the Offset Alpine premises in December 1993, leading to a $53.5 million insurance payout.

Police are checking allegations that his former chauffeur and personal aide, Gordon Wood, claimed the fire was a set-up and tried to borrow money to buy Offset Alpine shares. Police want to charge Mr Wood with the murder of his fiancee, 24-year-old model Caroline Byrne, in 1995 when he was working for Rivkin.

http://www.insider.com.au/inside/html/modules.php?name=News&file=article&sid=2162

So Arson, Insurance Fraud, corporation law breach ( possible 7 years jail) and he lied to ASIC investigators

 

[Swifty_446]

 

[Swifty_446]

 

[Clark Kent]

Here's a hypothetical:

You're in a concentration camp, you are being starved to death and all around you is death and misery. You know your time is coming, whether it be the furnaces, gassing, firing squad, starvation or disease ....

Is suicide in this situation gutless? I think not, for what that is worth. Just my take.

........

Suicide is gutless whether it's a bum in the street or a convicted white collar criminal, or even an honest man .........

 

[Clark Kent]

Couldn't have said it better myself, Rick.

You clearly don't understand Bi Polar disease or Manic Depression in the slightest.

Rivkin was convicted of a very MINOR case of insider trading. Do you people laugh and dance every time someone who once had a speeding fine dies from a terminal illness?

It's quite sad that we can see that someone who apparently had everything can still fall victim to these diseases. But hopefully it will raise a bit more awareness about the issue.

What was it that Rivkin did that makes some people say good riddance? Cause he was very succesful? Or are you just misinformed about what he was actually convicted for?

It is well documented that for many months prior to, and after his conviction he had been suffering very badly with his disease, and was unable to leave his bed, spending most of his final days just crying and sleeping. But yeah, I can see how his death should be made fun of, or even celebrated. Jerks.

 

[TheBloods]

Theres a school of economic thought out there that believes insider trading isnt such a bad thing. But thats another story...

Ah, they'd be those 'special schools' for 'special children'...

Who cares if the crooked rich old coot topped himself.

 

[Ray Nolan]

You cannot slander the dead.

Yes you can and that's why I've edited your posts. Please check your PM's.