Winnipeg Free Press

Winnipeg Free Press (Newspaper) - December 19, 2000, Winnipeg, Manitoba Winn Pix Farr tuns local woman avoids jail coat for for ripping off Bank by Mike Mclntyre a prominent southwestern Mani Toba businesswoman was put under a curfew yesterday after pleading guilty to a scam she hoped would save her family far Supply company and the 65 people it Elaine was Given an 18month conditional sentence for the Cheque kit ing in which the Royal Bank in Manitou was cheated out of More than Over a six month Cheque kiting is an illegal process involving the Transfer of funds Between financial institutions in order to main Tain an appearance of sufficient sums of Money to acquire in Lynes it backfired in a big the co owner of Snowflake farm sup plies resorted to desperate measures when the 16yearold business was put up for Sale in july although the business was raking in nearly million per year in Lyne and her husband Mervin were several million dollars in debt and could no longer operate the while a Sale was negotiated with the Manitoba Pool Lyne began writing cheques Back and Forth Between two Bank accounts one in division stands by removal of sign the superintendent of Transcona Springfield school division int about to apologize for ordering the removal of a sign protesting the Sale of a local Park the division its private said Paul that the Long and Short of some area Resi dents Are upset Over the Sale of Crocus a popular soccer Field at Victoria Avenue and Redonda they placed a sign protesting its Sale on Park next to a for Sale it was later removed by a Divi Sion Fred who was involved in placing the sign on division prop said he was angered by the divisions in a tax pay said adding he feels he has As much right As anyone to place signs on the prop the read ing save our were put up another sign was put up on the Public Boulevard was taken Down division Moreau said he apologized after a sign was removed from Public Boulevard without his it was a mis take made by one of our he he Felt he was doing the right but didst consider the Public property aspect of we told him that was not another sign placed on the Boulevard is still the division is considering sell ing the land to developers who want to put up apartment com the Board has said it Doest use the property and wants to sell it to avoid paying the a delegation of residents opposed to the Parks Sale plan to be present at tonight school Board a possible alter native involves Selling the Park to the City of Winnipeg for to ensure it would regain one in the United Bank officials caught on in Early 1997 and the scheme instantly Manitoba Pool elevator also pulled out of the Deal after initially Crown attorney Paul Jensen called the scam stupid noting that because of the constant transfers Between Canadian and american Bank processing fees went through the in one month Lyne needed to cover an extra in he once the scam was uncovered and the Banks stopped endorsing cheques writ ten to each Lyne was forced to go into receivership and the company was no her husband and their two children also lost the family which they had mortgaged to try to save the Jensen and defence lawyer Tim Valgardson submitted a joint sentencing recommendation and Provin Cial court judge Marvin Garfinkel agreed a jail Lyne was ordered to remain in her Home daily Between 9 and she must also Complete 200 hours of Community service her husband was originally charged As but Jensen dropped the Case against him v Koats for a program operated by the United is experiencing a Short age this particularly in boys outerwear for eight to 14yearolds and items for girls aged 10 to Koats for kids gathers goo Quality outerwear which is cleaned and then distributed through the school Lanie marketing director for the United said there Are requests this year and cold weather is Likely to increase the last year the pro Gram received to donate Winter outerwear for drop off your donation at the nearest Winnipeg fire station or Perth clean for 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