Peter Robinson Sentenced to Four Months in Jail for Contempt

TORONTO , Jan. 15 /CNW/ - An Ontario Superior Court judge has sentenced Peter Robinson to four months in jail for contempt as a result of his failure to comply with Ontario Securities Commission summonses and with Court orders.

Mr. Robinson was a respondent in an Application, initiated by the OSC, in the Ontario Superior Court of Justice. In this matter, the OSC sought a finding that Mr. Robinson was in contempt.

Mr. Justice Frank Newbould found Mr. Robinson in contempt on October 27, 2009 for failing to attend at the OSC as lawfully required to answer questions in connection with three investigations. At that time, Mr. Robinson was ordered by the court to attend at the OSC and answer questions on specified dates in November 2009 . Mr. Robinson failed to attend on those dates.

On January 7, 2010 , a hearing was held for Mr. Robinson to show cause why he should not be subject to one or more sanctions for contempt. On January 14, 2010 , Mr. Justice Donald R. Cameron of the Superior Court of Justice sentenced Mr. Robinson to four months in jail for his contempt.

The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices and to foster fair and efficient capital markets and confidence in capital markets. Investors are urged to check the registration of any person or company offering an investment opportunity and to review the OSC investor materials available at www.osc.gov.on.ca.

For further information: For Media Inquiries: Wendy Dey, Director, Communications & Public Affairs, [phone]; Theresa Ebden, Senior Communications Specialist, [phone]; Robert Merrick, Senior Communications Specialist, [phone]; For Investor Inquiries: OSC Contact Centre, [phone], 1-877-785-1555 (Toll Free)