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Michael Ritter Scandal

michael ritter gets ten.

This speaks for itself. Michael Ritter has be sentenced…

RITTER GETS 10 YEARS
By TONY BLAIS, COURT BUREAU

Disgraced Edmonton businessman Michael Ritter admitted full responsibility for his multimillion-dollar crimes in a farewell speech en route to prison yesterday.

Ritter, 49, was handed a 10-year sentence by provincial court Judge Elizabeth Johnson, who accepted a joint submission recommended last week by Crown and defence.

Ritter thanked the lawyers involved as well as his family and friends and said he was deeply sorry for his actions.

“I do indeed have a conscience and I do carry an enormous amount of guilt which I cannot fathom will ever go away,” said Ritter. “There’s no question I feel deeply embarrassed and humiliated.”

The judge acknowledged Ritter’s loss of reputation in Edmonton, where he was known as a generous patron of the arts, but said he was “the author of his own misfortune.”

and…

Ritter’s one-man show is over. Prison awaits – by Paula Simons at the Edmonton Journal
Former government adviser jailed 10 years for pyramid scheme – Globe & Mail
Canadian Tied to Merrill Fraud Gets 10-Year Sentence – Bloomberg
Edmonton man gets 10 years in massive scam – Canada.com

Click here for the complete Michael Ritter Scandal Chronology.

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