Sudbury company hopes to move on after $24M fraud

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Net Patrol International Inc.  Data Investigation and Forensic Services
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The Sudbury mining supply company at the centre of a $24 million fraud is trying to move on now that perpetrators are behind bars. Last week, the final two men who were part of of a scheme to overbill Atlas Copco for employee benefits and pocket the extra money were sent to jail.

A lengthy jury trial

Montreal stockbroker Paul Caron, 72, was sentenced last week to six and a half years and ordered to pay back $10 million, while former Sudbury office manager Dirk Plate, also 72, received five years in prison, plus an order to re-pay $77,000. The sentences came at the end of of lengthy jury trial, which sat for 40 days in a Sudbury courtroom this spring.

Forfeiture order to seize money and property

Louka Geladi, the president of Atlas Copco Canada, says so far none of the $24 million has been recovered, but he says the company does have a civil suit against the men involved and last week’s sentencing included a forfeiture order giving the court power to seize money and property connected with the crime. 

Read more about the Atlas Copco fraud case at CBC News.

This article is summarized by Canadian Fraud News Inc.