A former banker who ran an insider trading scheme described as the worst to ever come before an Australian court has been jailed for seven years after making $ 7 million . Lukas James Kamay , 26 , used leaked market sensitive data provided before its official release by Christopher Russell Hill , 25 , to make millions on the stock market . He used some of the money to buy an apartment renovated on the Nine Network 's television show The Block , before his assets were frozen by federal police . Scroll down for video . Lukas James Kamay , 26 , used market sensitive data to make $ 7 million on the stock market to try to buy an apartment renovated on the Nine Network 's television show The Block . Kamay from Clifton Hill , north-west of Melbourne , pleaded guilty to six charges of insider trading , one charge of money laundering and two charges of identity theft . He must serve four years and six months before being eligible for parole . Hill , from Belconnen in the ACT , was jailed for three years and three months , with a minimum of two years to be served , for providing embargoed Australian Bureau of Statistics data to Kamay . However , he was unaware of the extent of Kamay 's trading . Kamay and Hill had agreed to use the ABS data to make about $ 200,000 which , after the proper taxes were paid , would result in a net profit of about $ 50,000 each . Kamay used some of the money to buy an apartment renovated by twins Alisa and Lysandra on the Nine Network 's television show The Block . The market sensitive data from the Australian Bureau of Statistics was provided to Kamay before its official release by Christopher Russell Hill ( pictured ) After a series of trades that netted the pair about $ 195,000 , including some deliberate losses to mimic a normal trade , Kamay opened additional accounts he hid from Hill . The former banker used some of the money to successfully bid $ 2.375 million on a three bedroom apartment renovated by twins Alisa and Lysandra on The Block . He paid a $ 500,000 deposit on the Albert Park apartment . Victorian Supreme Court Justice Elizabeth Hollingworth said Kamay 's earnings constituted the largest insider trading profit to come before an Australian court . 'Mr Hill had no idea you , Mr Kamay , had gone so far beyond the original $ 200,000 limit , ' she said . Kamay used some of the money to buy an apartment renovated on the Nine Network 's television show The Block , before his assets were frozen by federal police . The 26-year-old successfully bid $ 2.375 million on a three bedroom Melbourne apartment renovated by twins Alisa and Lysandra on The Block . The former banker reportedly paid a $ 500,000 deposit on the renovated Albert Park apartment . Kamay made a net profit of $ 7 million over a series of 45 trades . For his role in the scheme , Hill was paid about $ 20,000 . 'Insider trading is a serious criminal offence because it can undermine the integrity of markets and diminish public confidence in the commercial world . ' Justice Hollingworth said is was a form of cheating . 'Your motivation was personal greed , pure and simple , ' she told the pair .
Lukas James Kamay , 26 , used politically sensitive data to raise $ 100 million . data was leaked before its official release by Christopher Russell associates . Kamay , a former banker , tried to buy apartment on The Block with money . His insider trading scheme was the ' worst ever ' to come before a court .