An environmental activist who received a suspended sentence for sending out a fake press release that prompted Whitehaven Coal's share price to crash has said he is sorry and accepts the court's decision.
In January last year, Jonathan Moylan, 26, of Newcastle sent out the release, announcing that the ANZ Bank was withdrawing $1.2 billion from the Maules Creek mine project in north-west NSW.
A total of $314 million was wiped from Whitehaven Coal's share price in response.
Mr Moylan said he was sorry for the people he affected, but said it was "the right thing to do".
"I have apologised for the unintended consequences of my actions," Moylan said.
"I've always been willing to face the consequences of my actions, but I know that more and more people will face prison consequences for environmental activism.
"I maintain that it was the right thing to do. Nobody likes to affect people they don't like to intend to."
Moylan received a 20-month prison sentence after pleading guilty to disseminating false information, but Supreme Court Justice David Davies ordered his immediate release on a $1,000 bond.
The false information contained in the press release was published by some media outlets and caused the massive drop in Whitehaven Coal's market value before a trading halt was put in place and the hoax was revealed.
Moylan pleaded guilty to disseminating false or misleading information affecting market participation.
http://au.news.yahoo.com/a/-/latest/24555431/anz-hoaxer-jonathan-moylan-says-sorry-for-unintended-consequences-of-fake-press-release/
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