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Molson Coors Accuses Ex-Managers of Multimillion-Dollar Fraud Scheme
Molson Coors Canada alleges a multi-year fraud siphoning $9 million through fake invoices involving insiders and vendors, with secret payments to employees and associates.
- On Wednesday, Molson Coors Canada filed a lawsuit in Ontario Superior Court alleging a complex scheme that drained nearly $9.1 million from its Canadian operations since 2021, and informed employees in a Wednesday memo.
- According to court documents, invoices from Letz Go Consulting Inc. and 466 Ontario were controlled by Larry Isaacs, president of Firkin Hospitality Group, and his wife Ellen Bacher, funneling secret payments to Frank Ivankovic and Kelly O'Brien-Ivankovic with some invoices labeled as event planning.
- The filings detail that Ivankovic received $3,655,779 in 63 payments from Letz Go, he and Kelly O'Brien-Ivankovic received over $4,279,000 since 2021, and bank correspondence flagged deposits topping $276,000.
- The company is pursuing claims that seek the return of funds, damages, legal costs, and an injunction, while Holmberg said `My clients' position is that the allegations made against them by Molson Coors are without merit and they intend to respond to those allegations in court`.
- Court documents say the defendants destroyed or withheld data during discovery, and Ivankovic texted his accountant on Dec. 28 asking for 'bullet points' for his reply, with the accountant allegedly advising to 'tell the bank to f--- off'.
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17 Articles
17 Articles
Molson Coors accuses ex-managers of multimillion-dollar fraud scheme
Molson Canada has accused former managers of embezzling millions of dollars in an intricate fraud scheme allegedly involving fake vendors, shell companies, the president of a major pub chain and a pair of married couples.
·Canada
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An executive would have supervised a system of fraudulent invoices, alleged the prosecution filed by the group.
·Montreal, Canada
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Molson Coors accuses ex-managers of multimillion-dollar fraud ‘scheme’
Molson Coors is accusing former managers of embezzling millions of dollars in an intricate fraud scheme that allegedly involved an executive at Firkin Hospitality Group. In documents filed Wednesday in Ontario Superior Court, the brewing giant claims that Molson Coors Canada's former director of sal...
·Kelowna, Canada
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Coverage Details
Total News Sources17
Leaning Left5Leaning Right1Center7Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 38%
C 54%
Factuality
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