Knowledge (XXG)

CINAR scandal

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Mr. Weinberg and Ms. Charest set out to make non-violent, non-sexist children's programming because they wanted to foster socially progressive attitudes and feelings of self-worth in their own sons and a generation of kids with far too many bad TV choices. But by the time their own kids had outgrown
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was invested into Bahamian bank accounts without the board members' approval. CINAR had also paid American screenwriters for work while continuing to accept federal grants and tax credits for the production of domestic content, although the names of Canadian citizens (generally non-writers connected
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On May 12, 2014, Weinberg, John Xanthoudakis of Norshield Financial Group and Lino Matteo of Mount Real Corp. were charged with 26 counts of fraud in Montreal Superior Court. They were convicted on most of the counts on June 2, 2016, and in the trial Panju acted as a key Crown witness. On June 22,
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There was some speculation that CINAR's CFO Hasanain Panju was the mastermind behind the investment scheme. Other individuals believed to have helped with the scheme include John Xanthoudakis of Norshield Investment Group and Lino Matteo of Mount Real Corporation. It was alleged that Charest and
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CINAR's shows, the couple's motivations seemed to have slid down the well-greased path of basic greed and avarice. If it took breaking the rules to enrich themselves, so be it. Success had gone to their heads. They acted (if not felt) invincible.
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On January 17, 2014, former CFO Hasanain Panju pleaded guilty to undisclosed crimes. The judge noted these crimes were "disgraceful" and placed a publication ban on details surrounding the trial. Panju was sentenced to four years in prison.
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Weinberg (and later Panju) used CINAR as a personal 'piggy bank' and schemed to transfer funds out from the company to the Bahamas through a series of complicated transactions to their own offshore holding companies.
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was invested into Bahamian bank accounts without the board members' approval. The scandal resulted in Canada's longest criminal trial ever brought before a jury, lasting from May 2014 to 2016.
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2016, Weinberg was sentenced to 8 years and 11 months in prison, and the other two received sentences of 7 years and 11 months each. On May 3, 2019, Weinberg was fully paroled.
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While criminal charges were not filed, CINAR denied any wrongdoing, choosing instead to pay a settlement to Canadian and Quebec tax authorities of
397: 423:. Sanford Law Schooenson was awarded $ 5.2 million in damages, in a suit that resolved a 14-year dispute between the two parties. Archived from 331: 27:, one of the world's most successful children's television production companies at the time. It was exposed when investigators revealed that 302: 1268: 1142: 1245: 982: 464: 528: 1568: 584: 341: 697: 1553: 1150: 96: 770: 84: 177:
to Telefilm Canada, a Canadian federal funding agency. The value of CINAR's stock plummeted, and the company was soon delisted.
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In 2001, Charest and Weinberg agreed to pay $ 1 million each, and were fired from the company's board of directors.
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in 1976 in New York City after organizing an event for a women's film festival, and later moved its operations to
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of the children's television market. In 1996, CINAR acquired the library of the British animation studio
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was a major accounting scandal in Canada that came to light in March 2000 at CINAR, renamed to
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On March 10, 2011, co-founder Ronald A. Weinberg returned to Montreal from vacationing in the
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after a warrant was issued for him to be taken into custody earlier that month.
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to CINAR, including Charest's sister Helene) were credited for their work.
1527: 633:"CINAR founder Ronald Weinberg, two others found guilty on fraud charges" 336: 147: 69: 1325: 1134: 966: 894: 332:"CINAR sold for $ 143.9 million US; new owner outlines growth strategy" 108: 38: 1532: 755: 132: 73: 698:"Cinar founder Ronald Weinberg gets full parole on 9-year sentence" 1485: 37:
In 2004, following the scandal, CINAR was sold to a group led by
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The company collapsed in 2001, when an internal audit revealed
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one year later. By 1999, CINAR boasted annual revenues of
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Marotte, Bertrand; Van Praet, Nicolas (June 2, 2016).
1453: 1354: 1318: 1292: 1261: 728:"The tattered Cinar legacy is a lesson in humility" 521:"Montreal animator wins $ 5.2M in copyright battle" 281:"Cinar verdict sets example for white collar crime" 255:"The tattered Cinar legacy is a lesson in humility" 52:. The company was subsequently renamed Cookie Jar. 60:CINAR was founded by the husband and wife team of 45:, and former Nelvana president Toper Taylor for 232: 491:"Cinar to pay $ 5.2M for plagiarizing cartoon" 439:"CINAR to pay $ 5.2M for plagiarizing cartoon" 1239: 771: 8: 581:"Former CA sentenced to four years in jail" 1246: 1232: 1224: 778: 764: 756: 1159:Facebook–Cambridge Analytica data scandal 871:Bank of Credit and Commerce International 678:from the original on September 20, 2022 245: 224:The CINAR affair was described thus by 501:from the original on December 24, 2013 209:islands and was promptly arrested for 740:from the original on November 8, 2020 400:from the original on 27 November 2021 344:from the original on November 7, 2012 7: 261:from the original on 8 November 2020 726:Yakabuski, Konrad (June 23, 2016). 664:Marotte, Bertrand (June 22, 2016). 445:from the original on 11 August 2020 467:. Montreal Gazette. Archived from 374:from the original on 14 March 2017 14: 1151:Wells Fargo account fraud scandal 561:from the original on May 21, 2021 527:. August 26, 2009. Archived from 97:The Adventures of Paddington Bear 645:from the original on May 3, 2017 85:The Busy World of Richard Scarry 16:2000 Canadian accounting scandal 1119:Saradha Group financial scandal 1079:National Herald corruption case 708:from the original on 2020-06-06 313:from the original on 2017-11-16 935:Lysine price-fixing conspiracy 1: 807:Panic of 1890 (Baring crisis) 583:. The Gazette. Archived from 465:"Norshield CEO led 'cleanup'" 364:"CINAR turns into Cookie Jar" 1143:1Malaysia Development Berhad 1055:Volkswagen emissions scandal 951:Long-Term Capital Management 911:Towers Financial Corporation 394:"Cinar seeks Nasdaq listing" 1300:WildBrain Worldwide Limited 1191:Facebook company files leak 1103:Indian coal allocation scam 91:Are You Afraid of the Dark? 1630: 1461:List of WildBrain programs 1569:2000s in economic history 1331:Shortcake IP Holdings LLC 1201: 793: 192:On August 26, 2009, in a 131:in 1993, and then on the 127:CINAR went public on the 1554:2000 in economic history 1476:Nerd Corps Entertainment 1087:News Corporation scandal 887:Indian stock market scam 1523:Wildbrain Entertainment 1506:Cookie Jar Kids Network 79:Papa Beaver's Storytime 1293:WildBrain (UK) Limited 1015:Bayou Hedge Fund Group 257:. The Globe and Mail. 237: 129:Toronto Stock Exchange 1336:House of Cool Studios 823:Kinney Services, Inc. 1466:Studio B Productions 1346:Decode Entertainment 1262:WildBrain Television 927:Sumitomo Corporation 613:The Montreal Gazette 396:. Variety. Reuters. 340:. October 31, 2003. 1579:Accounting scandals 1212:Accounting scandals 587:on January 12, 2016 497:. August 26, 2009. 253:Yakabuski, Konrad. 1609:Scandals in Canada 1589:Corporate scandals 1367:Ronald A. Weinberg 903:Metallgesellschaft 787:Corporate scandals 733:The Globe and Mail 671:The Globe and Mail 638:The Globe and Mail 531:on August 30, 2009 283:. Montreal Gazette 227:The Globe and Mail 1594:Crime in Montreal 1574:2000s in Montreal 1541: 1540: 1518:DIC Entertainment 1481:Colossal Pictures 1437:Charles M. Schulz 1362:Micheline Charest 1341:WildBrain Studios 1326:Peanuts Worldwide 1221: 1220: 799:South Sea Company 557:. March 2, 2011. 370:. 28 March 2004. 62:Micheline Charest 1621: 1511:Cookie Jar Toons 1496:Cookie Jar Group 1471:Epitome Pictures 1392:Andrew Davenport 1310:WildBrain London 1248: 1241: 1234: 1225: 1214: 1207: 1194: 1186: 1178: 1170: 1162: 1154: 1146: 1138: 1130: 1122: 1114: 1106: 1098: 1090: 1082: 1074: 1071:2G spectrum case 1066: 1058: 1050: 1047:Anglo Irish Bank 1042: 1034: 1026: 1023:Société Générale 1018: 1010: 1002: 994: 986: 978: 970: 962: 954: 946: 938: 930: 922: 914: 906: 898: 890: 882: 874: 866: 858: 850: 842: 834: 831:Banco Ambrosiano 826: 818: 810: 802: 780: 773: 766: 757: 750: 749: 747: 745: 723: 717: 716: 714: 713: 702:Montreal Gazette 694: 688: 687: 685: 683: 661: 655: 654: 652: 650: 628: 622: 621: 620:on May 13, 2014. 616:. 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Schuyler 1399: 1394: 1389: 1384: 1379: 1374: 1369: 1364: 1358: 1356: 1352: 1351: 1349: 1348: 1343: 1338: 1333: 1328: 1322: 1320: 1316: 1315: 1313: 1312: 1307: 1305:WildBrain CPLG 1302: 1296: 1294: 1290: 1289: 1287: 1286: 1281: 1276: 1271: 1269:Family Channel 1265: 1263: 1259: 1258: 1253: 1251: 1250: 1243: 1236: 1228: 1219: 1218: 1216: 1215: 1208: 1202: 1199: 1198: 1196: 1195: 1187: 1179: 1171: 1163: 1155: 1153:(2016–ongoing) 1147: 1145:(2015–ongoing) 1139: 1131: 1129:(2013–ongoing) 1123: 1115: 1107: 1099: 1091: 1083: 1075: 1067: 1059: 1051: 1043: 1035: 1027: 1019: 1011: 1003: 995: 987: 979: 971: 963: 955: 947: 939: 931: 923: 915: 907: 899: 891: 883: 879:Robert Maxwell 875: 867: 859: 855:Bofors scandal 851: 843: 835: 827: 819: 811: 803: 794: 791: 790: 785: 783: 782: 775: 768: 760: 752: 751: 718: 689: 656: 623: 606:Delean, Paul. 598: 572: 542: 512: 482: 456: 430: 427:on 2012-06-28. 419:Swift, Allan. 411: 385: 355: 323: 294: 272: 244: 243: 241: 238: 189: 186: 155: 152: 103:Wimzie's House 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Index

Cookie Jar Group
US$
Nelvana
Michael Hirsh
CA$
Micheline Charest
Ronald Weinberg
Montreal
Quebec
Papa Beaver's Storytime
The Busy World of Richard Scarry
Are You Afraid of the Dark?
The Adventures of Paddington Bear
Wimzie's House
Caillou
Zoboomafoo
Arthur
Toronto Stock Exchange
Nasdaq
CA$
FilmFair
US$
separate case
Robinson Sucroe
Caribbean
securities fraud
The Globe and Mail
"The tattered Cinar legacy is a lesson in humility"
Archived
"Cinar verdict sets example for white collar crime"

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