Anne Squires, the former high-flying businesswoman who presided over the Exit Realty on the Rock empire, has been sentenced to two years less a day for stealing from her now-defunct firm and defrauding a payday loan-style company that serves the real estate industry. Sheriff's officers lead a handcuffed Anne Squires out of court Thursday afternoon, after Squires was sentenced for fraud, theft, forgery and breach of trust. In early 2016, the province suspended Exit Realty on the Rock's licence amid allegations of financial irregularities. Exit Realty on the Rock had its licence suspended by the Newfoundland and Labrador government on Feb. 4, 2016. Soon after, the behind-the-scenes financial woes became public, and Exit Realty on the Rock abruptly shuttered.

Source: CBC News September 10, 2020 19:52 UTC