The accused pleaded guilty to fraud over $5,000 contrary to s. 380(1)(a) of the Criminal Code.
He used his position as an investment advisor at a bank to steal approximately $9 million from the bank's clients over a six-year period.
He was sentenced to four years imprisonment.
The court issued a ruling on restitution, determining the appropriate amount to be ordered as part of the overall sentence.
The Crown sought restitution of $5,255,850, while the defence argued for a reduced amount of $4,695,871.39, accounting for recovered funds and the civil judgment against the accused.
The court ordered restitution in the amount of $4,695,871.39.