Leaked Recording Challenges White's Insider Trading Defense

0:00A leaked phone recording has landed with Australia's corporate regulator, challenging billionaire Richard White's defense against insider trading, claims at Wise Tech Global. In early February 2025, White is her promising an ex-employee at least $5 million tax-free to settle her board complaint and sign a release deed. This came after Wise Tech directors warned him in December 2024 not to sell shares as they viewed him as key management during a trading. Blackout, yet White offloaded shares worth about $229 million around that time, insisting he was just a consultant with legal clearance. The recording suggests White was still point strings at the company, discussing border approvals and payment split between Wise Tech and his own funds. It also reveals he settled with another woman demanding $30 million over similar issues. Former tensions boiled over three weeks later, with four independent directors resigning a May clashes over White's role.

1:00In October 2025, Raid by regulators on Wise Tech's Sydney office, targeted potential insider trading by White and others, following his. Four CEO Exit in 2024 over conduct allegations? White returned as executive chairman by the time the employee settled with the company, with no admissions of fault. The regulator's probe continues without comment from involved parties, leaving questions about White's influence hanging in the air.