Ontario Bank controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1907
Criminal conviction of Charles McGill
After the bank's failure, McGill was convicted of filing false tax returns and received a five-year prison sentence.
1906
General manager's stock-market speculation
Charles McGill speculated in United States stock markets using Ontario Bank funds. Unsuccessful short sales reportedly caused estimated losses of approximately $1.25 million and contributed to the bank's collapse and absorption by the Bank of Montreal.