The RCMP have charged Vittorio (Vic) De Zen, the founder and former CEO of Royal Group Technologies Ltd., and five other former company executives with defrauding the firm of millions of dollars. - The police said Thursday the charges stem from two transactions: a land deal and the sale of a Royal Group subsidiary. - The RCMP charged De Zen, former Royal president and general counsel Douglas Dunsmuir, former chief financial officer Gary Brown and former vice-president of corporate finance and CFO Ron Goegan with defrauding the firm of more than $27 million. - Those charges stem from a land deal between October 1997 and November 1998 in which police allege Royal Group sold the property to a numbered company held by some of the executives. The land was later sold back to Royal Group "at an inflated cost," the police said. - The second set of charges were laid against De Zen, Dunsmuir, Goegan, former Royal Group vice-president Luciano Galasso and...
A bank in India is helping sex workers save their money for a brighter future. MOREINFO: The bank was started by a sex-worker collective in the heart of Mumbai's red light district. More than...
A man accused of swindling 21 Toronto daycare centres out of $800,000 appeared in court for the first time Thursday and was ordered to remain in custody until his bail hearing next week. -...
Investors bet the Federal Reserve will cut rates at its meeting on Wednesday - which helped offset lingering worries of a recession. Stocks bounced back from a lower opening to rally 176 points...
The RCMP have laid multiple charges, including fraud, against three former executives of Nortel Networks, alleging they misstated the technology company's financial statements for 2002 and the...
TiVo, the popular U.S. television-recording device, is finally arriving in Canada in early December. - The TiVo set-top device, which allows viewers to record shows and skip commercials,...
A defiant Conrad Black, facing the prospect of years in a U.S. prison, has chosen to remain anything but silent ahead of his sentencing on Monday. - Despite opinions from some legal quarters...
Three former bankers, dubbed the "NatWest Three" by British media, plead guilty to fraud in an Enron related case in a Texas court. MOREINFO: Under a plea bargain, which has yet to be accepted by...
Japan's top mobile phone player, NTT docomo, is looking for overseas acquisitions amid tough competition at home. New CEO Ryuji Yamada says a recent 30% stake in a Bangladesh carrier is just the...
Truveo video search lets you search and find videos from across the Web. Use Truveo to find all types of online video including hit television shows, full-length movies, breaking news clips, sports highlights, music videos, or the latest viral videos. If you are looking for a specific video, Truveo video search can help you find exactly the video you want. Truveo can also help you browse through video across the web and discover new videos that you might like.
