A B.C. Securities Commission panel says Timothy Durkin defrauded a would-be immigrant from China of $1 million by lying about the ownership of the Sooke Harbour House hotel and restaurant
Timothy Durkin defrauded a would-be immigrant from China of $1 million by lying about the ownership of the Sooke Harbour House hotel and restaurant, a B.C. Securities Commission panel says.
Durkin said that by buying 40 per cent ownership of its shares, the woman would receive 40 per cent ownership of the hotel.At that time, the hotel was owned by a corporation whose shares were held by the Philip family, which bought the waterfront property in 1976 and expanded it. The hotel won international accolades and was renowned for using local ingredients.
Damages were to be paid by SSH Holdings and SSH Management, a management company operating the hotel. Durkin was the director of those companies, the B.C. Supreme Court judge said in his decision. Based on misleading or false information, the woman’s company signed an agreement with SHH and provided $1 million to buy the shares, the commission said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sooke Harbour House: Sooke man defrauded investor of $1 million, says B.C. Securities CommissionA man has defrauded an investor of $1 million by lying about the ownership of Sooke Harbour House hotel, said the B.C. Securities Commission
Read more »
Sooke Harbour House: Sooke man defrauded investor of $1 million, says B.C. Securities CommissionA man has defrauded an investor of $1 million by lying about the ownership of Sooke Harbour House hotel, said the B.C. Securities Commission
Read more »
Sooke man who lied about owning hotel defrauded investor $1M, BCSC findsA Sooke man defrauded an investor of $1 million by lying about the ownership of a local hotel, the B.C. Securities Commission finds.
Read more »
Founder of P.E.I.'s Lennon House dismissed by organization, says house rules need more flexibility | SaltWireDianne Young started Lennon Recovery House in Rustico after her son, Lennon, died. Seven months ago, she was handed a disciplinary letter with several complaints, an offer for an external fundraising position and a dismissal.
Read more »
Breakenridge: Smith should spare Alberta the political theatre and expense of the Manning panelBreakenridge: Smith should spare Alberta the political theatre and expense of the Manning panel yyc ableg abpoli
Read more »
More concerns raised about Preston Manning’s role as chair of Alberta COVID panel | Globalnews.caMore concerns are being raised about Preston Manning chairing the panel to review Alberta's response to the public health emergency created by COVID-19.
Read more »