Monday, March 24, 2008

Senators Owner Melnyk Charged with Accounting Fraud


Well the Senators are back in the headlines again. As if there weren't already enough blackmarks on the Senator's season already with the inconsistent play, Ray Emery issues and firing of John Paddock. Seems like it all stems from the top down:
TORONTO - Canadian and U.S. regulators slapped Biovail Corp. founder Eugene Melnyk and three company executives with charges of accounting fraud, saying they misled investors about the pharmaceutical company's financial results.
Read the Vancouver Province article here.

Well good luck Eugene, you and your team need it.

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