The Ontario Securities Commission's landmark case against YBM Magnex International Inc. ended with a whimper yesterday as regulators slapped five ex-directors but let others involved off the hook ...

Rumours that YBM was a front for the Russian mob began swirling in 1997. The Ontario Securities Commission suspended the company's shares on May 13, 1998, the same day as the FBI raid. The shares ...

It said that YBM’s disclosure “leads the reader to believe that the risks faced by YBM were no greater than the inherent risks faced by any company operating in Eastern Europe at that time,” but the ...

YBM was incorporated in Alberta in 1994 and listed on the TSE in 1996, trading until its halt in May 1998, when the FBI raided YBM's offices in the U.S.

Ernst & Young, a court-appointed receiver for YBM, is seeking $475 million in damages alleging breach of fiduciary responsibility, fraud and breach of contract.