Frank Stronach—Onetime Canadian Billionaire Auto Parts Mogul—Accused Of Sexual Assault Over Decades

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Brian Bushard is a Boston-based breaking news reporter on the Forbes news team, covering sports money, U.S. politics, foreign policy, and former President Donald Trump's ongoing legal cases.

Trump Hush Money Judge Says Juror’s Supposed ‘Cousin’ Predicted A Conviction On Facebook—But It’s Unclear If It’s TrueCanadian Frank Stronach, a 91-year-old onetime billionaire, was arrested on sexual assault and rape charges on Friday for allegations spanning over four decades, according to Canadian authorities .

Details of the accusations were not immediately clear, though Peel Regional Police Constable Tyler Bell said there are multiple accusers, adding officials “won’t confirm that number yet.” According to police, the incidents of assault took place beginning in the 1980s and as recently as last year. Stronach, the founder and former CEO of auto parts company Magna International, was released on unnamed conditions, and is set to appear in court in Ontario, Canada at a date to be determined.We’re launching text message alerts so you'll always know the biggest stories shaping the day’s headlines.

 

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