Copying and distributing are prohibited without permission of the publisher

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...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

subscribe to this feed Comment & analysis

Upcoming Events

MB Glossary

From Aluminium to Zinc...
Search this free glossary on metals

Try the new Metal Bulletin BETA site...

We've added some great new features and tools which we think you'll find useful:

  • Easier to use navigation including links to new sections
  • Cleaner interface for the Price Book with easier to use data views
  • More dedicated pages for specific metals e.g chrome, antimony, nickel
  • Better search tools for news and prices with handy filters

Simply click 'Yes please' below to go straight to the BETA site
(Please note: you will need to log into the BETA site on your first visit. Plus you can return to the original site any time you wish)