{"id":323989,"date":"2024-06-28T18:31:04","date_gmt":"2024-06-28T23:31:04","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=323989"},"modified":"2024-06-28T18:31:04","modified_gmt":"2024-06-28T23:31:04","slug":"stronach-group-founder-faces-additional-sex-assault-charges","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/stronach-group-founder-faces-additional-sex-assault-charges\/","title":{"rendered":"Stronach Group Founder Frank Stronach Faces Additional Sex Assault Charges"},"content":{"rendered":"

Canadian billionaire and Stronach Group founder Frank Stronach has been charged with eight additional counts of sexual assault after police said more victims had come forward.<\/p>\n

\"Frank
Frank Stronach, above. The 91-year-old is facing sexual assault and rape charges dating from 1977 to earlier this year, according to court filings. He has denied them all through his lawyer. (Image: Fred Lum\/The Globe and Mail)<\/figcaption><\/figure>\n

The 91-year-old was arrested again Wednesday, three weeks after his initial detention<\/a> on charges\u00a0of rape, indecent assault on a female, sexual assault, and forcible confinement.<\/p>\n

The new charges include six counts of sexual assault, one count of attempted rape, and one count of indecent assault on a female, according to court documents. The alleged incidents occurred from 1977 to February this year, per the filings.<\/p>\n

Stronach Denies Allegations<\/strong><\/h2>\n

The Stronach Group<\/a> is the biggest thoroughbred racetrack owner in the US. It also has training centers and simulcast operations across the country. These include California\u2019s Santa Anita racetrack and Golden Gate Fields, the latter of which closed earlier this month.<\/a><\/p>\n

Gulfstream Park in Florida, as well as the Pimlico Racecourse, the Laurel Racecourse, and Rosecroft Raceway, all in Maryland, are also Stronach assets.<\/p>\n

\n

Stronach is no longer involved with the group, which now trades as 1\/ST. His daughter, Belinda Stronach, is the current chairman, CEO, and president of the company.<\/strong><\/p>\n<\/div>\n

Stronach\u2019s lawyer, Brian Greenspan, said his client “denies and will vigorously defend these further untested allegations dating back to 1977.”<\/p>\n

“He has spent his lifetime committed to the betterment of the Canadian community and industry,” Greenspan added.<\/p>\n

Rags to Riches<\/strong><\/h2>\n

Austrian-born Stronach came to Canada in the late 1930s with little to his name. In 1957, he opened a machine shop, which he transformed into a global auto parts business that became Magna International.<\/p>\n

Magna is now one of the largest companies in Canada and the biggest auto parts manufacturer in North America.<\/p>\n

A keen racing enthusiast and thoroughbred owner, Stronach bought Santa Anita in 1998 for $127 million and launched the Stronach Group in 2011 with Belinda Stronach. He resigned two years later to pursue a political career in his native Austria as an advocate of free-market neoliberalism.<\/p>\n

Family Schism<\/strong><\/h2>\n

In 2018, Stronach filed a lawsuit against his daughter and other family members alleging corporate mismanagement. It was settled in 2020, with Stronach being awarded a stallion and breeding business.<\/p>\n

In 2017, he had an estimated net worth of C$3.06 billion (US$2.2 billion), according to Canadian Business.<\/em><\/p>\n

The Stronach Group is aware of the serious charges that have been brought against Frank Stronach,\u201d the company said in an official statement Thursday.<\/p><\/blockquote>\n

\u201cFrank Stronach has not held a formal role or been involved with company operations in any capacity for several years. This matter is now before the courts and will be dealt with in the appropriate forum. The company has nothing further to add.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Canadian billionaire and Stronach Group founder Frank Stronach has been charged with eight additional counts of sexual assault after police said more victims had come forward. The 91-year-old was arrested again Wednesday, three weeks after his initial detention on charges\u00a0of rape, indecent assault on a female, sexual assault, and forcible confinement. The new charges include […]<\/p>\n","protected":false},"author":36,"featured_media":323990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,14577],"tags":[91504,91211,91505,83104],"acf":[],"yoast_head":"\nStronach Group Founder Faces Additional Sex Assault Charges<\/title>\n<meta name=\"description\" content=\"Frank Stronach, the Canadian Magna International billionaire who founded the Stronach Group, faces more sex assault charges\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/stronach-group-founder-faces-additional-sex-assault-charges\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stronach Group Founder Faces Additional Sex Assault Charges\" \/>\n<meta property=\"og:description\" content=\"Frank Stronach, the Canadian Magna International billionaire who founded the Stronach Group, faces more sex assault charges\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/stronach-group-founder-faces-additional-sex-assault-charges\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-28T23:31:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/06\/Stronach.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"863\" \/>\n\t<meta property=\"og:image:height\" content=\"498\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/stronach-group-founder-faces-additional-sex-assault-charges\/\",\"url\":\"https:\/\/www.casino.org\/news\/stronach-group-founder-faces-additional-sex-assault-charges\/\",\"name\":\"Stronach Group Founder Faces Additional Sex Assault Charges\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/stronach-group-founder-faces-additional-sex-assault-charges\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/stronach-group-founder-faces-additional-sex-assault-charges\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/06\/Stronach.jpg\",\"datePublished\":\"2024-06-28T23:31:04+00:00\",\"dateModified\":\"2024-06-28T23:31:04+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"Frank Stronach, the Canadian Magna International billionaire who founded the Stronach Group, faces more sex assault charges\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/stronach-group-founder-faces-additional-sex-assault-charges\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/stronach-group-founder-faces-additional-sex-assault-charges\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/stronach-group-founder-faces-additional-sex-assault-charges\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/06\/Stronach.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/06\/Stronach.jpg\",\"width\":863,\"height\":498,\"caption\":\"Frank Stronach, above. 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