Mount Real
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Investors delighted but insurers concerned
A ruling that ordered an insurance company to pay $460,000 to a Quebec couple raises questions over the scope of professional liability insurance coverage. Continue reading
Categories: Business, Financial services, Quebec, Quebec Court of Appeal, Rulings, White-collar crimes -
Mount Real scandal: Three more convicted
Several weeks after three more individuals linked with the bankrupt Montreal financial group Mount Real Corp. were ordered to pay fines ranging from $7,000 to $104,500, its former president now faces charges in an another alleged fraud that dates back to 1998. Continue reading
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Mount Real financial scandal – Conviction #19
When Paul Messier Jr. pled guilty in mid-January to 10 counts before Court of Quebec Justice Jean-Pierre Boyer, it marked the nineteenth conviction against individuals in the Mount Real financial scandal. Continue reading
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Do jail sentences deter future white-collar crimes?
“Jail sentences do not deter future white-collar crimes. What discourages future white-collar criminals is the fear of getting caught, not the length of sentence,” according to an accounting professor. Continue reading