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.
