Cinar fraud trial: Guilty verdicts for Weinberg, Matteo, Xanthoudakis - News Summed Up

Cinar fraud trial: Guilty verdicts for Weinberg, Matteo, Xanthoudakis


The verdicts bring to a conclusion a criminal trial that began more than two years ago, in May 2014, making it the longest jury trial in Canadian history. Panju later testified for the Crown in the trial of Weinberg, Xanthoudakis and Matteo. Weinberg was found guilty of nine of the 16 charges against him, including three for fraud. Dozens of chargesWeinberg, who founded Cinar with his late wife, Micheline Charest, in the mid-80s, and his associates originally faced dozens of charges, including fraud, forgery, using fake documents and publishing a false prospectus. A jury has found the founder of Cinar, Ronald Weinberg, and his associates Lino Matteo and John Xanthoudakis guilty on most of the charges they faced for orchestrating an elaborate, $120-million fraud at the defunct children's television production company.


Source: CBC News June 02, 2016 18:09 UTC



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