Frank Stronach Found Guilty of Sexual Assault and Indecent Assault

Frank Stronach was found guilty on June 20, 2026, of sexual assault and indecent assault involving two women. The 93-year-old Austrian-Canadian businessman had faced accusations from seven complainants and pleaded not guilty to 12 charges. Superior Court Justice Anne Molloy said the two women were credible and careful witnesses whose accounts of events from the late 1970s to the 1990s could be believed.

The trial began in February, and by the end of arguments in April prosecutors had withdrawn one charge and agreed to not-guilty findings on four others. Outside court, defense lawyer Leora Shemesh said the defense would review the decision thoroughly. “Mr.

Stronach has been found guilty on the least serious offenses for two complainants who were not exposed in any way. He was not exposed ... no one had their clothes off,” she said. ” Stronach created auto parts company Magna in his garage in 1957 and later founded The Stronach Group, which focuses on horse racing.

He resigned as Magna chairman in 2011 and started a political party in Austria the next year. A sentencing hearing is scheduled for September. Stronach faces a separate trial on similar charges in Newmarket, Ontario, set for May.