Tweed Concedes Share Case, Agrees To Pay $400,000

Share scammer David Tweed has abandoned his court bid to sue Commonwealth Bank for up to $80 million and has agreed to pay $400,000 to the bank and share registry group ASX Perpetual Registrars. ASIC is due to front Justice Arthur Emmett on Monday in the Federal Court in Sydney and allege that below-market offers that Mr Tweed's company, National Exchange, recently sent to shareholders of aged-care provider Aevum were misleading, deceptive and unconscionable.

Cba Delighted As Tweed Walks Away From Court Case And Pays Costs

SHARE scammer David Tweed has abandoned his court bid to sue Commonwealth Bank for up to $80 million, and has agreed to pay $400,000 to the bank and share registry group ASX Perpetual Registrars.

Tweed's Letter Illegal, Bank Tells Court

CBA claims it had legitimate reasons for releasing the share register in a difficult software format.

Cba Chiefs Knew Of Ploy To Foil Tweed

COMMONWEALTH Bank chief executive David Murray, the bank's chief financial officer, its then company secretary and senior legal counsel were all kept informed of efforts by the bank's officers to frustrate share scammer David Tweed as he tried to get a copy of the share register in March 2003.

Cba Officer Tells Of Plan To Block Tweed

The Commonwealth Bank's chief executive, chief financial officer, company secretary and senior legal counsel were all kept informed of efforts by bank officers to frustrate share scammer David Tweed as he tried to get a copy of CBA's share register last year. Mr Tweed's company, National Exchange, is suing the Commonwealth Bank and ASX Perpetual Registrars for up to $80 million, claiming they deliberately thwarted his attempts to send unsolicited offers to unwitting shareholders at below-market prices.

Share Scammer Rakes In $10m From Four Deals

DAVID Tweed, the millionaire recluse who makes a living from exploiting naive investors, made a profit of about $10 million in 2003 from just four of his below-market price share scams.

Sharemarket Scavenger Reveals Offer Tactics

SHARE scammer David Tweed yesterday admitted that off-market offers he made to unwitting investors before 2003 purposely did not include the market prices of the securities because it weakened his chances of getting acceptances.

Tweed Targets Ignorant, Not Elderly, Investors

Share scammer David Tweed on Friday admitted that off-market offers he made to unwitting investors before 2003 purposely did not include the market prices of the securities because it weakened his chances of getting acceptances.

Tweed Lawyers Say Which Bank Image Was A Bad Sort

DAVID Tweed, the share scammer whose below-market offers to thousands of unwitting shareholders have infuriated some of Australia's biggest companies and corporate regulators, is due to take the stand in the Federal Court today as he fights his own battle against Commonwealth Bank.