this post was submitted on 14 Jun 2024
55 points (100.0% liked)

Canada

10227 readers
478 users here now

What's going on Canada?



Related Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Local Communities

Sorted alphabetically by city name.


🏒 SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer


💻 Schools / Universities

Sorted by province, then by total full-time enrolment.


💵 Finance, Shopping, Sales


🗣️ Politics


🍁 Social / Culture


Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca


founded 4 years ago
MODERATORS
 

As their real estate business was failing, a group of Ontario landlords spent millions of dollars of investors' money on "extravagant" expenses, ranging from renting a luxury vacation home in Hawaii, to footing a $5,000 Miami strip club bill to flying on private jets.

Those are among the findings of KSV Advisory, a court-appointed monitor given special powers by Superior Court to investigate the web of corporations linked to four landlords:

Former YTV actor Robbie Clark. Hamilton-area real estate agent Dylan Suitor. Burlington business owners Aruba Butt and Ryan Molony.

Their 11 corporations currently have bankruptcy protection from over 30 lawsuits after they failed to pay back over $144 million borrowed from investors.

top 3 comments
sorted by: hot top controversial new old
[–] girlfreddy@lemmy.ca 30 points 1 year ago

White collar criminals misappropriate money.

Blue collar criminals steal money.

Poor people commit robbery, even if it's just a bottle of liquor.

[–] delirious_owl@discuss.online 5 points 1 year ago

The only people I want to suffer more than landlords are investors in landlords

[–] a9249@lemmy.ca 3 points 1 year ago

Fools, don't they know you need hundreds of shell numbered companies so no single amount ever gets that high and no one actually pays attention to it?