Robert Miller, accused of paying minors for sex, to sell Future Electronics for $5B

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A class-action lawsuit against Miller and Future Electronics saw around 30 women come forward alleging he gave them money and gifts in exchange for sex when they were underage.

alleging he paid underage girls for sex, is selling his company Future Electronics Inc. for more than $5 billion to a Taiwanese semiconductor distributor.

WT Microelectronics Co. says it has signed an agreement to acquire 100 per cent of the company’s shares for US$3.8 billion — more than $5 billion Canadian — in an all-cash deal expected to close in the first half of 2024. Future Electronics, which Quebec’s business registry lists as wholly owned by Miller, is a global distributor of electronics components that employs 5,200 workers across 47 countries.Charges against Winnipeg ex-fashion mogul Peter Nygard in Toronto sex assault case reduced to 5

Co-founded by Miller in 1968, the Montreal-based corporation says it generated US$2.9 billion in revenue and US$184 million in profits in the first half of 2023.

 

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