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Canadian Billionaire Frank Stronach Is Convicted of Sexual and Indecent Assault
The New York Times • • world
Key Points:
- Frank Stronach, founder of Magna International and one of Canada’s richest men, was found guilty of sexual assault and indecent assault in two cases dating back decades.
- He was acquitted on three other sexual assault charges involving two different women, with allegations spanning from the 1970s to the 1990s.
- Stronach, who built Magna from a garage startup into a global auto parts and vehicle assembly company, faced a total of a dozen charges from seven complainants.
- The verdict marks a significant fall from grace for Stronach, a recipient of Canada’s highest civilian honor, who has a history of making inappropriate public remarks about women.
- The assaults involved women he met through Magna or other companies he controlled, and the trial was presided over by Justice Anne Molloy in Toronto.
