The CINAR scandal was a major accounting scandal in Canada that came to light in March 2000 at CINAR one of the world's most successful children's television production companies at the time.[1] It was exposed when investigators revealed that US$122 million was invested into Bahamian bank accounts without the board members' approval. The scandal resulted in Canada's longest criminal trial ever brought before a jury, lasting from May 2014 to 2016.[2][3]
In 2004, following the scandal, CINAR was sold to a group led by Nelvana founder Michael Hirsh, and former Nelvana president Toper Taylor for CA$190 million.[4] The company was subsequently renamed to Cookie Jar Group.[5]
- ^ Yakabuski, Konrad. "The tattered Cinar legacy is a lesson in humility". The Globe and Mail. Archived from the original on 8 November 2020. Retrieved 20 April 2020.
- ^ "Cinar verdict sets example for white collar crime". Montreal Gazette. 22 June 2016. Retrieved 20 April 2020.
- ^ "Jury finds three accused in Cinar trial guilty of fraud". montrealgazette. Archived from the original on 2017-11-16. Retrieved 2023-04-14.
- ^ "CINAR sold for $143.9 million US; new owner outlines growth strategy". CBC News. October 31, 2003. Archived from the original on November 7, 2012. Retrieved September 7, 2006.
- ^ "CINAR turns into Cookie Jar". Variety. 28 March 2004. Archived from the original on 14 March 2017. Retrieved March 14, 2017.