Warrant issued for Cinar founder Weinberg’s arrest

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Ronald Weinberg

Ronald Wein­berg

Arrest war­rants have been issued for Ronald Wein­berg, the founder and for­mer head of now-defunct children’s ani­ma­tion stu­dio com­pany Cinar, and two busi­ness­men in con­nec­tion with the alleged fraud of $120 million.

Que­bec provin­cial police arrested Hasanain Panju, Cinar’s for­mer chief finan­cial offi­cer, on Wednesday.

Accord­ing to police, Wein­berg, 59, is out of Canada. He is believed to be in Florida.

The two busi­ness­men being sought are asset man­age­ment exec­u­tives John Xan­thoudakis, pres­i­dent of Mon­treal hedge fund oper­a­tor Nor­shield Finan­cial Group, and Lino Pasquale Mat­teo, pres­i­dent of Mount Real. Mount Real and Nor­shield both have gone through other legal pro­ceed­ings for allegedly scam­ming mil­lions of dol­lars from investors.

More Here at the Car­toon Forum

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