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4- The Oakville Beaver, Wednesday November 14, 2007 www.oakvillebeaver.com Clearview Neighbourhood Branch Fund founder charged Paul Eustace, founder of the Philadelphia Alternative Asset Management Co. (PAAM) hedge fund that collapsed in 2005, was indicted on charges he defrauded clients and caused them to lose at least $200 million (U.S.). Eustace, who lives in Oakville, allegedly created false account statements on the PAAM fund's profits from 2001 through June 2005, U.S. Attorney Pat Meehan said yesterday in a statement. Eustace, 42, made loans to himself using money from investors, Meehan said. Regulators shut down PAAM, which traded commodity futures and options, and froze its assets more than two years ago after accusing the fund of misleading investors about its trading and concealing $179 million in losses. Eustace raised about $230 million from investors and ran the fund from King of Prussia, Pa. According to the indictment, Eustace transferred money belonging to investors to his personal accounts. None of the allegations have been proven in court. -- Torstar News Service Retired priest accused of rape Alleged assault dates back to 1966 in Toronto Now Open Clearview Neighbourhood Branch 1148 Winston Churchill Blvd., Unit E (entrance off Sheridan Garden Drive) Regular Hours of Operation: Tuesday: 10:00am to 6:00pm Wednesday: 4:00pm to 8:00pm Thursday: 4:00pm to 8:00pm Saturday: 1:00pm to 5:00pm (Closed Monday, Friday and Sunday) A retired Catholic priest has been charged with the 1966 rape of a woman in his Toronto parish. Father Francais John O'Neill, 78, surrendered to Metro Toronto Police on Friday night. A spokesperson for the Archdiocese of Toronto said yesterday O'Neill retired in 1995 and has not been active in the church since. He lives in Oakville. Police said since the alleged assault took place in 1966, the charges are his- torical, including indecent assault, rape and buggery. In today's criminal code, the last two would be sexual assault. Police said O'Neill was a priest at Our Lady of Lourdes Catholic Church on Sherbourne Street in Toronto at the time a woman in her 20s was assaulted. Anyone with information about the case is asked to contact 51 Division detectives at 416-808-5104. -- Torstar News Service If you have a news tip or story idea, call the Oakville Beaver at 845-3824. c rk ma e te ple ckag om pa eti ng ctory Dire ates Upd n ent I nthly Mo sem verti FREE rs · Ad site With cial Offe eb pe · W spaper S NLY ew ·N OR O Denise Dilbey, R oyal Gold C lub Mem LePage Real Es tate ber ALL THIS F as k t h e g or i l l a . $ 36 00 . th mon Directory Commercials Talking Directory Characters Free Website & Update Service Rewards Points & Newspaper Offers Gold Book Local Directory Call 310-GOLD or email sales@goldbook.ca to find out more.