The Globe and Mail: Charities may feel long arm of investor wrath

The Globe and Mail: Charities may feel long arm of investor wrath: "When Toronto businessman Patrick Lett donated $1.5-million (U.S.) to Ontario's Ridley College in 1998, the gift was among the largest in the private school's history.

Within a few years, though, Mr. Lett ran into legal trouble and last year the Ontario Securities Commission sanctioned him with a 10-year trading ban and a 15-year prohibition from serving as an officer or director.

Now, a group of American investors, who allege Mr. Lett defrauded them out of $10-million, are suing Ridley over the donation. The investors claim the money belongs to them and they want it back."