The business was shut down in Winnipeg, though I believe the Montreal office continued. There were two legit businesses operating under NIC (or owned by the same guy) - an IT firm and us (PCW). The IT firm was spun off under a new name and new ownership. And we, ofcourse, were effectively shut down by the owner and continued to operate under our own ownership.
One year after the arrests, the owner (John) died in another newsworthy event. He "fell" out of a window at....cant remember the name, that shitty hotel across from HSC. He survived the fall, landing on an over-hang where he froze to death. The WPG Sun helpfully included a photo where his body was visible (I think it ran on the front page).
With John gone, charges were dropped against everyone else. There is talk the police were more interested in some other connections John had and just wanted the scam business shut down due to the complaints.
He did briefly run an internet pharmacy as well, in the same location, but it didnt last long
I think wrestling attracts shady people because it both operates under most mainstream radar and because there is a glamour aspect. Jeff Dyck, for example, running an office job might have been his primary occupation, but it's not very "fun"...if you're a wrestling fan, its not nearly as fun as doing glitzy PPV tapings with an assortment of big name stars you grew up watching. Its the "cool" factor.
Whereas most legitimate businessmen who arent just "marks" are less likely to invest in wrestling because it's generally a lousy investment.
John was a wrestling fan but not a big fan. He was more a UFC fan. But two of our wrestlers worked for his company and they were young, good looking, popular...so for John, he was attracted to that element. He wanted to be the guy throwing money around to rub elbows with cool people. He lost interest almost immediately (Our first big show was March 2002 and he was effectively out by April....kept letting us use his office and keep up the facade that he was "in" and actually locked us out of the office by late summer).
I actually was going to pitch him on an MMA promotion that summer but was over-ruled. I wish I had. PCW was always legit though as the money John seeded in us at the start was proceeds from a lawsuit he had won (I think it was over a company stealing his "swish" logo). Where it fell off the rails is John fell of the wagon and began using funds from our account for his own purposes to hide his extra curricular activity from his wife who was the corporate accountant. Once he had exhausted our account, he was done with us. We ended up getting very little investment from him outside of the equipment and use of his legitimate businesses (like web design, graphics etc)
Its actually kind of crazy we survived because we kept up the illusion we were backed by an aggressive millionaire who'd go after anyone who screwed with us. When the truth was, we were run by two guys in their 20's with no money (and what little we had, we'd put back into wrestling just to keep it going), scrambling to keep the illusion going and stave off competitors.
To run a wrestling promotion, you have to love it because you're not doing it for the money.