Former York U executives cleared of fraud charges

May 1, 2013

2 former York University executives accused of fraud and money-laundering have been cleared of criminal wrongdoing and charges against them have been dropped. There is no reasonable prospect of conviction due to the unreliability of the 2 key witnesses, a short hearing was told yesterday morning. Michael Markicevic and Phil Brown had pleaded not guilty to charges of fraud over $5,000 and laundering the proceeds of crime. The pair was arrested last June, accused of defrauding York U of more than $1.2 million over a 3-year period for work that was never done, through what university officials called "a vast, unlawful invoices scheme." Markicevic's lawyer says the charges should never have been laid in the first place and he rebuked York U for the way in which it handled the matter. Both Markicevic and Brown remain defendants in a separate $3-million civil suit, launched jointly by the university and nearly 20 other individuals and companies. Globe and Mail