Friday, June 16, 2006

Royal Crest Lifecare

And here is another topsy turvy turn in the life of Hamilton's old age home sagas - John Martino of Royal Crest Lifecare died in a car accident Thursday morning - The Hamilton Spectator reports.

An excerpt:

"The bankruptcy cases drew attention in March 2004 when a judge admonished the brothers for not giving plausible explanations for what had happened to a combined $4 million of income earned in the few years leading up to bankruptcy.

[...]

Last October, the RCMP launched an investigation of the Martinos' bankruptcies to determine if there was any intent to defraud creditors or conceal funds. A spokesperson said yesterday the investigation will continue. "


Stay tuned to this saga - apparently a few well known Canadian bloggers are onto this one.

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