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Waxman ‘no contact’ list in bail terms

October 24, 2011 - 19:03 GMT Location: Toronto

KEYWORDS: Robert Waxman , Philip Services , Richard Barrese , Marvin Boughton , Henry Feder , Allen Fracassi

Former Philip Services Corp. executive Robert K. Waxman is barred from associating with 30 individuals under the terms of his release on bail.

Justice Thomas Lofchik of the Ontario Superior Court of Justice in Hamilton last week sentenced Waxman, 56, to eight years in prison and ordered him to pay about $15.5 million in fines after being convicted on fraud and theft charges (AMM, Oct. 21). Just a few hours later, Waxman was released from custody on Canadian $1 million ($984,000) bail by the Court of Appeal for Ontario in Toronto.

Ontario Superior Court of Justice documents painted a picture of how Waxman funneled millions of dollars derived from fraudulent copper trades to companies or bank accounts he controlled, at least one of which was...

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