Golden Oaks investigation reveals gambling allegations
Loto-Quebec asked to hand over information about owner of failed rent-to-own company
Loto-Quebec has been asked to hand over information to a court-ordered receiver about the owner of the failed rent-to-own company Golden Oaks.
The information was revealed in a report filed to the Ontario Superior Court of Justice on Monday.
- Embattled rent-to-own company facing heavy scrutiny
- RCMP investigating J.C. Lacasse, Golden Oaks Enterprises
- INTERACTIVE | A recap of the Golden Oaks scandal
Lacasse filed for bankruptcy in July 2013, leaving more than 100 investors, tenants and contractors at a loss of more than $27 million.
Receivership company Doyle Salewski Inc. was appointed to seize Golden Oaks' assets. Its latest report suggests that Lacasse paid himself more than $1.5 million since he opened a company bank account seven years ago. During the same time period between Nov. 2006 and Sept. 2013, Lacasse also withdrew more than $138,000 in cash from Golden Oaks accounts, according to the report.
The report details that while Lacasse testified he used the cash to pay trades, including building suppliers, he also frequently used his American Express and RBC Visa accounts to pay for these sorts of bills.
Over the course of an eight-month forensic investigation, Doyle Salewski discovered 17 bank accounts attached to Lacasse and Golden Oaks. It also reviewed more than 18,000 emails, 11,000 text messages, and interviewed 16 people under oath, including Lacasse, family members, employees and investors.
Doyle Salewski's bill for its work so far totals more than $500,000, according to the report.
The case is scheduled to return to court on April 12.
The RCMP's financial crimes unit is also investigating Lacasse and Golden Oaks. The report notes that the RCMP interviewed Doyle Salewski Inc. staff in January.