MONTREAL – The co-founder of the Cinar animation company has been given a nine-year prison term for his role in a $120-million fraud case.
Ronald Weinberg’s sentence was handed down in a Montreal courtroom Wednesday afternoon.
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Former financial adviser John Xanthoudakis was sentenced shortly after to eight years in the same case, while their co-accused,ex-financial adviser Lino Matteo, is to find out his prison term
later today.
Crown prosecutor Matthew Ferguson was seeking the maximum penalty of 10 years, while Weinberg’s lawyer had told the judge she thought a more appropriate sentence would be five years.
The fraud occurred between 1998 and 2000.
Cinar created popular children’s shows such as Arthur and Caillou.
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