Mount Real Corp. fraud: Lino Matteo tries to avoid jail time

Janet Watson has been waiting more than decade for what will happen in a Montreal courtroom on Nov. 27. 
She was one of hundreds of victims who lost considerable amounts of money when they were taken in by an elaborate Ponzi scheme run by Lino Matteo, the former CEO of Mount Real Corp. In a case that dates back to 2008, Matteo was found guilty in September of having violated 270 counts of Quebec’s Securities Act. On Sept. 18, the Autorité des marchés financiers (AMF), th