In this case, arrested.
A friendly correspondent directed our attention to this:
Quebec provincial police have issued an arrest warrant for Ronald Weinberg, the former head of defunct children's television production company Cinar, in connection with a $120-million fraud.
Warrants have also been issued for the arrest of two asset management executives. John Xanthoudakis, president of Norshield Financial Group, and Lino Pasquale Matteo, president of Mount Real, are sought by police in connection with the alleged fraud.
So maybe these folks will end up in a fine Canadian jail ...
But that's Canada for you. Down here, they'd get a government bailout and a nice plaque from the U.S. Chamber of Commerce.
Posts
5 comments:
But don't forget! Elementary school teachers' pensions are too damn big!
Cinar has been embroiled in scandal for years. In 2000 the company's co-founders resigned after allegations the company had hired American writers to work under the names of Canadians, thus cheating the Canadian government out of domestic-content film subsidies.
Their problem was that they were too brazen/stupid about it. They claimed that their adolescent children were the writers, while shuttling the money to American writers in Los Angeles.
The smart producers insist that the American writers and animators actually relocate to Canada, and then it's all legal, even though it subverts the intent of Canadian subsidies leading to the hiring of Canadian workers.
"Elementary school teachers' pensions are too damn big!"
Yes. They are. Lets put it to a vote shall we?
As soon as we fully tax churches of all kinds, and close all corporate tax loopholes, and install regulation that would chew their balls off.
Post a Comment