Yesterday, horse owner Bob Waxman pleaded not guilty to seven counts of fraud and theft amounting to $28 million

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The Hamilton Spectator has reported that Waxman is accused of orchestrating a series of 80 fraudulent trades in copper cathode between 1996 and 1997. The trades, between Philip Services and companies in which Waxman allegedly had an interest, were worth a total of $28 million.

Click here to read the article in its entirety.

(With files from the Hamilton Spectator)