Stronach Group Founder Faces Extra Intercourse Assault Expenses
Posted on: June 28, 2024, 06:31h.
Final up to date on: June 28, 2024, 06:31h.
Canadian billionaire and Stronach Group founder Frank Stronach has been charged with eight extra counts of sexual assault after police mentioned extra victims had come ahead.
The 91-year-old was arrested once more Wednesday, three weeks after his preliminary detention on expenses of rape, indecent assault on a feminine, sexual assault, and forcible confinement.
The brand new expenses embrace six counts of sexual assault, one rely of tried rape, and one rely of indecent assault on a feminine, in response to courtroom paperwork. The alleged incidents occurred from 1977 to February this 12 months, per the filings.
Stronach Denies Allegations
The Stronach Group is the largest thoroughbred racetrack proprietor within the US. It additionally has coaching facilities and simulcast operations throughout the nation. These embrace California’s Santa Anita racetrack and Golden Gate Fields, the latter of which closed earlier this month.
Gulfstream Park in Florida, in addition to the Pimlico Racecourse, the Laurel Racecourse, and Rosecroft Raceway, all in Maryland, are additionally Stronach belongings.
Stronach is not concerned with the group, which now trades as 1/ST. His daughter, Belinda Stronach, is the present chairman, CEO, and president of the corporate.
Stronach’s lawyer, Brian Greenspan, mentioned his shopper “denies and can vigorously defend these additional untested allegations relationship again to 1977.”
“He has spent his lifetime dedicated to the betterment of the Canadian group and business,” Greenspan added.
Rags to Riches
Austrian-born Stronach got here to Canada within the late Thirties with little to his identify. In 1957, he opened a machine store, which he remodeled into a worldwide auto elements enterprise that turned Magna Worldwide.
Magna is now one of many largest firms in Canada and the largest auto elements producer in North America.
A eager racing fanatic and thoroughbred proprietor, Stronach purchased Santa Anita in 1998 for $127 million and launched the Stronach Group in 2011 with Belinda Stronach. He resigned two years later to pursue a political profession in his native Austria as an advocate of free-market neoliberalism.
Household Schism
In 2018, Stronach filed a lawsuit in opposition to his daughter and different relations alleging company mismanagement. It was settled in 2020, with Stronach being awarded a stallion and breeding enterprise.
In 2017, he had an estimated web value of C$3.06 billion (US$2.2 billion), in response to Canadian Enterprise.
The Stronach Group is conscious of the intense expenses which were introduced in opposition to Frank Stronach,” the corporate mentioned in an official assertion Thursday.
“Frank Stronach has not held a proper position or been concerned with firm operations in any capability for a number of years. This matter is now earlier than the courts and shall be handled within the acceptable discussion board. The corporate has nothing additional so as to add.”