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A man who was convicted in two of the biggest financial scams uncovered in Canada is not even allowed to advise his family on investments or financial matters as he continues to serve his sentence for his role in the Cinar scandal.
Lino Matteo, 59, the former CEO of the financial management company Mount Real Corp., is still serving the eight-year sentence he received after he was convicted for his role in the elaborate fraud scheme in which Ronald Weinberg, founder of the Montreal-based television production company Cinar, hid $123 million of investors’ funds in the Bahamas.
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Posted: Feb 25, 2021 4:00 AM ET | Last Updated: February 25
Ronald Weinberg, a former Montreal TV executive, is facing allegations from the Canada Revenue Agency that he filed false tax returns and hid assets in offshore accounts in Bermuda and other foreign locations.(CBC/Radio-Canada)
A disgraced Montreal TV executive convicted of fraud is facing allegations from the Canada Revenue Agency (CRA) that he filed false tax returns and hid assets in offshore accounts in Bermuda and other foreign locations.
In 2016, Ronald Weinberg was sentenced to nine years in jail after being convicted in a highly publicized trial of defrauding investors in Cinar, the children s entertainment production company that he co-founded in Montreal in the 1980s.