Frank Stronach, the billionaire who built Magna International into a major auto parts company, was found guilty on June 19, 2026, of sexual assault and indecent assault. The verdict came from Justice Anne Molloy of Ontario Superior Court after a trial about assaults that happened in the late 1970s and early 1980s, according to AP News and Bloomberg.

Stronach is now 93 years old. He had been charged with 12 counts involving seven women. The judge found him guilty on two counts and not guilty on three others. The outcome of the remaining charges was not made public.

One unusual thing about this case: it happened nearly 50 years after the alleged assaults. In Canada, there is no time limit — called a "statute of limitations" — for serious sexual assault cases. This means charges can be brought even decades later. When cases take this long, both sides face real challenges. Memories aren't as sharp, documents from the 1970s are hard to find, and judges still have to be certain "beyond a reasonable doubt" that someone is guilty, just as if the assault happened last year.

Stronach built his fortune from a small tool-and-die shop in a town near Toronto into a global company. But before this trial, his public image was already damaged. In recent years, he was locked in a costly and public court battle with his own family over who would control his business empire. That dispute played out in both Austrian and Canadian courts.

The judge's decision to find him guilty on two counts but not guilty on three others is significant legally. When a judge issues a mixed verdict like this — some guilty, some not guilty — it usually means she carefully weighed each charge separately rather than simply deciding the defendant was lying about everything. This makes it harder for Stronach to appeal the guilty verdicts.

No sentencing date has been set yet. At 93, his age will likely matter a lot in what punishment the judge gives. Canadian law says courts must consider options besides prison, like fines or community service, unless putting someone in jail is truly necessary. His lawyers will probably emphasize his age; prosecutors will focus on how serious these crimes are and on what the victims need.

This case is part of a larger trend in Canada since the #MeToo movement began. More people have come forward with historical sexual assault allegations, and more of these old cases have gone to trial. What happens at Magna — whether the company reflects on how it handled such allegations — is separate from this courtroom verdict. The legal fact stands: a 93-year-old industrialist has been convicted of crimes from about 40 years ago.