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One hoax press release, one $300 million hole in mining company

Australian bank, ANZ, is involved in funding Whitehaven Coals open cut coal mine in northwest New South Wales (NSW) It is not responsible for a press release declaring it had changed its mind about lending Whitehaven the A$1.26 billion it needed to open the new Maules Creek pit. A fake press release came from a 26 year old translator from Newcastle, NSW and environmental activist Jonathan Moylan. Moylan was facing up to 10 years in prison and/or a $765,000 fine for the fraud.”]

Source: https://nakedsecurity.sophos.com/2014/07/29/one-hoax-press-release-one-300-million-hole-in-mining-company/

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