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Canadian auto parts billionaire Frank Stronach, 93, found guilty of sexual assault, indecent assault Police arrested and charged Stronach in 2024 with criminal ⁠offenses, including sexual assault and rape, for alleged crimes dating from ​the 1970s to 2024.

Canadian auto parts magnate Frank Stronach found guilty of sexual ... Austrian-Canadian billionaire Frank Stronach has been found guilty of sexual assault and indecent assault TORONTO --Austrian-Canadian billionaire and automotive business founder Frank Stronach was found guilty Friday of sexual assault and indecent assault of two woman decades ago. Stronach, who is 93, had been accused of alleged incidents involving seven complainants, and pleaded not guilty to 12 charges. Ontario Superior Court Justice Anne Molloy foundStronach guiltyon Friday on two charges related to two complainants. Stronach became one of Canada’s wealthiest people by creating auto parts giant Magna in his garage in 1957. He also founded The Stronach Group, a company that specializes in horse racing. Stronach resigned as Magna’s chairman in 2011 and founded his own political party in his native Austria the following year. His trial started in February, and by the time arguments wrapped up in April, prosecutors had withdrawn one charge and agreed Stronach should be found not guilty on four more. He was found guilty of two of the remaining charges Friday 24/7 coverage of breaking news and live events

Billionaire Frank Stronach found guilty of sexual assault Read: < 1 min A jury in Toronto found Austro-Canadian billionaire Frank Stronach guilty of sexual assault on Friday. The 93-year-old founder of Magna International, one of the world’s largest auto parts suppliers, had pleaded not guilty to charges that dated back as far as 1977. Stronach faced five sex-related charges, and was ultimately found guilty of two of them — indecent assault and sexual assault. He was acquitted of three charges after the court deemed the complainant’s testimony not credible. Seven other charges were also dropped by the prosecutor during the trial for lack of evidence. Canada has no statute of limitations on sex-related charges. Over the course of the trial, seven complainants testified against Stronach. He will be sentenced on Sept. 17, but will remain free until then, having posted bail upon his arrest in 2024. He faces another case in Newmarket, near Toronto, in 2027, in which six additional complainants are expected to testify about alleged sexual assaults. Stronach was born in Austria but moved to Canada in 1954. He expanded Magna International from a small tooling company into one of the world…

Billionaire businessman Frank Stronach found guilty of sexual assault ... Open this photo in gallery: Frank Stronach, left, arrives at a Toronto court on Friday. He had pleaded not guilty to 12 charges stemming from alleged incidents involving seven complainants. Chris Young/The Canadian Press Share Save for later Please log in to bookmark this story. Log In Create Free Account Billionaire businessman Frank Stronach, who was accused of sexually assaulting several women decades ago, has been found guilty of sexual assault and indecent assault. Stronach, who is 93, showed no reaction as the verdict was read in a Toronto courtroom Friday morning. The founder of the auto parts giant Magna International had pleaded not guilty to 12 charges stemming from alleged incidents involving seven complainants. The allegations spanned from the late 1970s to the 1990s. The trial started in February, and by the time arguments wrapped up in April, prosecutors had withdrawn one charge and agreed Stronach should be found not guilty on four more. The judge overseeing the case, Superior Court Justice Anne Molloy, then said she couldn’t convict the businessman based on the evidence of one of the remainin…

Canadian Billionaire Frank Stronach Is Convicted of Sexual and Indecent Assault Frank Stronach arriving at a Toronto court on Friday.

Canadian billionaire Frank Stronach found guilty on 2 charges related ... An Ontario judge has found Frank Stronach guilty of indecent assault and sexual assault involving two women in his high-profile trial, though other charges against the Canadian businessman did not end in convictions. Stronach is the founder and former head of Magna International, a major Canadian company that makes auto parts. He was charged with 18 offences involving 12 complainants by Peel Regional Police in 2024. Those charges were split into two trials and related to alleged incidents of sexual assault spanning the 1970s, ’80s and ’90s. Stronach, 93, pleaded not guilty to 12 charges related to seven complainants that were heard in Toronto beginning early in 2026. As the trial progressed, prosecutors withdrew five of the charges, related to three of the women. Get breaking National news Get breaking Canada news delivered to your inbox as it happens so you won't miss a trending story. By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy . Ontario Superior Court Justice Anne Molloy, who is presiding over the case, then said she “couldn’t possibly” …

Austrian-Canadian billionaire Frank Stronach found guilty of sexual ... Frank Stronach arrives at a Toronto Court on Tuesday Feb. 3, 2026. (Chris Young /The Canadian Press via AP, File) Frank Stronach arrives at a Toronto court on Friday, June 19, 2026. (Chris Young /The Canadian Press via AP) Frank Stronach leaves a Toronto court on Friday, June 19, 2026. (Chris Young /The Canadian Press via AP) Frank Stronach leaves a Toronto court on Friday, June 19, 2026. (Chris Young /The Canadian Press via AP) Frank Stronach leaves a Toronto court on Friday, June 19, 2026. (Chris Young /The Canadian Press via AP) TORONTO (AP) — Austrian-Canadian billionaire and automotive business founder Frank Stronach was found guilty Friday of sexual assault and indecent assault of two woman decades ago. Stronach, who is 93, had been accused of alleged incidents involving seven complainants, and pleaded not guilty to 12 charges. Ontario Superior Court Justice Anne Molloy foundStronach guiltyon Friday on two charges related to two complainants. Stronach became one of Canada’s wealthiest people by creating auto parts giant Magna in his garage in 1957. He also founded The Stronach Group, a company th…

Magna founder Frank Stronach convicted of sexual assault and indecent ... Businessman found guilty of assaulting former employee with another trial coming — cases with implications for corporate accountability By Jeffrey R. Smith 19 Jun. 2026 Share Photo: The Canadian Press/Chris Young Frank Stronach, the 93-year-old founder of automotive parts giant Magna International, has been found guilty of sexual assault and indecent assault. The verdict, issued by Ontario Superior Court Justice Anne Molloy in Toronto on Friday, marks a significant development in a high-profile case that has drawn attention across Canada's corporate and HR communities. Stronach had pleaded not guilty to 12 charges involving seven complainants when his Toronto trial opened in February 2026. The charges stemmed from alleged incidents spanning the 1970s, 1980s, and 1990s. As the trial progressed, prosecutors withdrew five charges related to three women, narrowing the case to seven charges related to four complainants, the Canadian Press reported. Justice Molloy then declared she could not convict Stronach on the basis of one complainant's testimony, which she found unreliable – leaving five charges related to t…

Canadian billionaire Frank Stronach convicted of sexual assault CRIME Canada Add Topic Canadian billionaire Frank Stronach convicted of sexual assault Reuters June 19, 2026, 7:33 p.m. ET Hear this story TORONTO — Canadian billionaire businessman Frank Stronach was found guilty on Friday, June 19, of one count of sexual assault and one count of indecent assault, in a judgment where the judge described some of his behavior as "gross and disgusting." Police arrested and charged Stronach in 2024 with criminal offenses, including sexual assault and rape, for alleged crimes dating from the 1970s to 2024. Austrian-born Stronach, 93, founded Canadian auto parts company Magna International in 1957 and later became one of the country’s richest people. Magna said it has had no affiliation with Stronach since he relinquished control of the company in 2010. After a trial that began in February, Ontario Superior Court Justice Anne Molloy found Stronach guilty of sexually assaulting a woman in the early 1980s. The woman alleged the assault occurred when she visited his Toronto condo after having dinner nearby. Molloy also found Stronach guilty on one charge of indecent assault in the late 1970s,…