Julius Melnitzer

From Wikipedia, the free encyclopedia

Julius Melnitzer is a freelance legal writer and former lawyer. In 1992, he pled guilty to 42 counts of fraud in relation to defrauding five Canadian banks out of $67 million. He was sentenced to 9 years in jail.[1] It was the largest personal loan fraud in Canadian history.[2]

Crime and punishment

Melnitzer was a successful lawyer in London, Ontario, when he began a scheme to print fake stock certificates to be used as collateral to get loans from major Canadian banks. He was caught when an officer at National Bank of Canada became suspicious and asked for an inspection of the certificates. Melnitzer was arrested three days later. He was later disbarred, and at his sentencing the judge read a "scathing" indictment on his actions.[3] Melnitzer was given day parole two years later, and then full parole in 1995.[1] Among people duped by this scheme was former partner Fletcher Dawson, now a Judge. He was duped out of $100,000.

References

  1. ↑ 1.0 1.1 Livesey, Bruce (March 2010). "When temptation bites". Canadian Lawyer. Retrieved 3 April 2012. 
  2. ↑ Department of Justice (5 December 2011). "A Typology of Profit-Driven Crimes". Research and Statistics. Retrieved 3 April 2012. 
  3. ↑ Borcea, Dana (5 November 2005). "William Maloney, 75: Judge heard many tough cases". Toronto Star. Retrieved 3 April 2012. 


This article is issued from Wikipedia. The text is available under the Creative Commons Attribution/Share Alike; additional terms may apply for the media files.