9 Recommend Waxman gets 8 years in $17.9m fraud
Robert Waxman Lawyer Brian Greenspan (left) and Robert Waxman leave court during earlier legal proceedings. Waxman was sentenced to 8 years in jail and was taken into custody Thursday.
Spectator File PhotoRelated Stories Waxman to learn his fate today
Prison sentence to be handed down this morning ends largest business fraud in Hamilton history.
.Hamilton businessman Bob Waxman has been sentenced to eight years in prison for stealing almost $18 million US from his former employer.
The tough sentence marks the end of a 14-year saga that contributed to the spectacular collapse of Philip Services Corp. and sent fraud investigators around the world trying to trace stolen money.
In passing sentence, Justice Thomas Lofchik of Superior Court, cited many factors he said called for a sentence at the high end of the range for major frauds.
