Lino Matteo gets 5 years for Ponzi scheme at Mount Real

Lino Matteo is going to jail — again.
The former CEO of Mount Real Corp. was handed the maximum possible jail term on Monday morning after he was found guilty in September of having violated 270 counts of Quebec’s Securities Act.
Quebec Court Judge Hélène Morin agreed with the Autorité des marchés financiers (AMF), the provincial securities regulator, that Matteo deserved a five-year prison term.
Matteo, 55, arrived in court with a backpack and wore a beig