Fund manager Spork appeals hefty penalties

Globe & Mail – Disgraced hedge fund manager Otto Spork is appealing a sentencing order by the Ontario Securities Commission to pay a $1-million fine plus millions more back to investors.

Ontario Divisional Court will hear the appeal by the dentist-turned fund manager, who the OSC found had falsely reported huge returns during the 2008 financial crisis when he invested in two start-up Icelandic companies that intended to sell bottled glacier water

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