Originally posted on National Post | News:

TORONTO — Three former Nortel executives accused of orchestrating a widespread multimillion-dollar fraud will learn their fate Monday, nearly a year after one of the largest criminal trials in Canada’s corporate history began.

Ontario Superior Court Justice Frank Marrocco is set to rule on whether ex-CEO Frank Dunn, ex-CFO Douglas Beatty and ex-controller Michael Gollogly manipulated financial statements at Nortel Networks Corp., between 2002 to 2003.

The men, who each face two counts of fraud, are accused of participating in a book-cooking scheme designed to trigger $12.8 million in bonuses and stocks for themselves at the once powerful Canadian technology giant.

The accused, who were fired in 2004, have all pleaded not guilty to the charges.

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If convicted, each could face up to 10 years in prison.

Justice Marrocco was the lead prosecutor in the Bre-X Securities case — the largest corporate fraud case in Canadian history —…

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