Rob Ford’s widow sues Doug Ford, alleging he has deprived her and her children of millions

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NorthReport
Rob Ford’s widow sues Doug Ford, alleging he has deprived her and her children of millions

The Doug Ford freak show continues as he marches on towards the premiership. WTF!!!

Rob Ford’s widow sues Doug Ford, alleging he has deprived her and her children of millions 

https://www.thestar.com/news/canada/2018/06/04/rob-fords-widow-sues-doug...

josh

In the U.S. that would probably clinch the election for him.

NorthReport

It will probably do the same in Ontario.

progressive17 progressive17's picture

In the will of Doug Ford Sr., Randy and Doug got 40% each of DECO Labels, and Rob got 20%. Kathy was disowned possibly because she and her now-jailed husband of the time could not pass a lie detector test about the whereabouts of a stash of cash the father had placed between the walls of the family home, and had been discovered to have disappeared during a renovation.

Randy, supposedly, is running the business which apparently does $100m in sales. Assuming a net profit of 10% and distributable dividends of 40% of that, there should be $4m in dividends, which should give the estate of Rob about $800,000 a year.

You can say a lot about Rob, but I do not think this is the kind of thing he would do to the families of his siblings, if the allegations are proved.

NorthReport

Timing could not be worse for the Ford campaign....

https://twitter.com/niknanos/status/1003754288160522240

NorthReport

 

Rob Ford’s widow slaps Doug Ford with epic lawsuit

https://news.vice.com/en_ca/article/vbqzwy/rob-fords-widow-slaps-doug-fo...

progressive17 progressive17's picture

If my calculations are correct, $16.5 million in the lawsuit means 20-21 years of dividends. By federal law, the judge may calculate 5% interest, so the timespan may be less. On the other hand, she could be suing for their share of the business, where the amount also sounds about right.

NorthReport

Gotta love the astuteness of some of Canada's political pundits.

Will say that at said event, Ford looked quite relaxed to me. Interpreting body language probably even worse idea than interpreting schedules, but he didn't look like a guy hearing *bad* things about where things are at.

https://twitter.com/aradwanski/status/1003637212242743296

bekayne

NorthReport wrote:

Gotta love the astuteness of some of Canada's political pundits.

Will say that at said event, Ford looked quite relaxed to me. Interpreting body language probably even worse idea than interpreting schedules, but he didn't look like a guy hearing *bad* things about where things are at.

https://twitter.com/aradwanski/status/1003637212242743296

Maybe he's "chemically relaxed"

NorthReport

The poor kids. If their mother is telling the truth, they’re being ripped off by their uncles. If their uncle and grandmother are telling the truth, their widowed mom is an addict and extortionist.

https://twitter.com/davidreevely/status/1003752379936854016

NorthReport
JeffWells

This could move some Liberals to vote NDP but I don't think this will move any PC votes. I can't imagine there are many who have been won over to Ford because they think he's a nice or honourable man. In the spirit of the age they think Sure he's a con man, but he'll be working for us!

progressive17 progressive17's picture

You should read the statement of claim on the Star Website. If true, this is outright breach of trust, from actual legal trusts that were set up from the will of the father and Rob. Breach of trust is the worst kind of fraud.

Some of the money was supposed to support their mother.

All of these events occurred during Doug's political career, where it is claimed he and Randy took a big salary. It is claimed they siphoned off money from the trust to cover losses in the company, to make them appear to be more competent businessmen than they were.

So all my numbers above are wrong. The company is apparently now worthless, and what Renata is suing for is damages.

They are going to have to get another trustee to professionally manage the company back into a profit, and then sell it off so Renata can get paid. Otherwise nobody is going to get much on an outright liquidation.

Pondering

https://www.thestar.com/news/canada/2018/06/04/rob-fords-widow-sues-doug...

Renata states that she recently learned that Doug gave Randy Rob’s shares in Deco for a nominal cost of $1. She said she was then provided (the suit does not say who provided it) with a “third party valuation” of the shares and was told they had a “fair market value of zero.”

...

She also alleges that Doug has “failed to administer and improperly administered Rob’s estate,” and deprived Renata and the children of the proceeds of a $220,000 insurance policy which the two brothers “improperly retained and withheld.” She said they did the same thing with Rob’s bank accounts, GICs, RRSPs and other investments.

Renata also alleges that Doug “charged unreasonable and unjustified expensese and fees against the Estate of Rob Ford.”

If this stuff is true it could be prison time for Doug. Executors are not supposed to rip off the estate.

Pondering

JeffWells wrote:

This could move some Liberals to vote NDP but I don't think this will move any PC votes. I can't imagine there are many who have been won over to Ford because they think he's a nice or honourable man. In the spirit of the age they think Sure he's a con man, but he'll be working for us!

Ford Nation allegience  was to Rob Ford not Doug Ford. Doug inherited it. Ripping off Rob's widow could certainly convince some to stay home. Women in particular will have a hard time voting  for him if they believe Renata.

Ripping off your brother's widow and children is about as bad as it gets.

Misfit Misfit's picture

I wish that she could have come out with this sooner. Like maybe a week or a week and a half ago.

NorthReport

No wonder they have been keeping Ford away from the media, eh!

Between Wynne's swan song and now this, it has to bode well for the NDP's chances on Thursday.

All Ford needs now is for a police report on the 407 investigation be made public tomorrow, eh!

Ken Burch Ken Burch's picture

NorthReport wrote:

No wonder they have been keeping Ford away from the media, eh!

Between Wynne's swan song and now this, it has to bode well for the NDP's chances on Thursday.

All Ford needs now is for a police report on the 407 investigation be made public tomorrow, eh!

Is that actually likely to happen, though?

NorthReport

Of course not.

NorthReport
NorthReport

Latest controversy to hit Doug Ford could be the most damaging

https://www.theglobeandmail.com/canada/article-latest-controversy-to-hit...

NorthReport

So here is a copy of the complete statement of claim re Ford. This is going to be a long thread.

https://twitter.com/eadydon/status/1003826034670817285

bekayne

https://ipolitics.ca/2018/06/04/doug-ford-acford-accuses-sister-in-law-o...

The law firm handling the suit, Aird & Berlis, also employs former Tory leader Patrick Brown’s sister. Asked if she is connected to the lawsuit, Fiona Brown said “no, I don’t have any comment.”

jerrym

CTV wrapped its less than a minute coverage of this scandal with "None of the leaders are very popular. We'll have to see how it works out in three days". 

The CBC gave 40 seconds to the scandal after a long discussion of budget deficits led by budget hawk and banker Doug Drummond. 

I guess the question of whether the leader, who would control many billions of dollars in spending if he won the election, is a thief  is not considered worth delving into, even if that stealing might involve stealing from widows and orphans within the family or on the provincial level where it would be called "efficiencies."

 

 

Pondering

jerrym wrote:

CTV wrapped its less than a minute coverage of this scandal with "None of the leaders are very popular. We'll have to see how it works out in three days". 

The CBC gave 40 seconds to the scandal after a long discussion of budget deficits led by budget hawk and banker Doug Drummond. 

I guess the question of whether the leader, who would control many billions of dollars in spending if he won the election, is a thief  is not considered worth delving into, even if that stealing might involve stealing from widows and orphans within the family or on the provincial level where it would be called "efficiencies."

Young people are not wrong to ignore mass media.  Really, in terms of voting, what's the point in the details? Wynne isn't going to win so it's between Ford and Horwath. No matter which side you are on it's no contest. The choice couldn't be more stark.

Ciabatta2

I think this is only hurtful in his riding where his brother has appeal.

Otherwise, this plays into the "all of them are against us - and you" narrative that he has put forward so, like others above, it could even help solidify the vote provincially.

Pondering

Ciabatta2 wrote:

I think this is only hurtful in his riding where his brother has appeal.

Otherwise, this plays into the "all of them are against us - and you" narrative that he has put forward so, like others above, it could even help solidify the vote provincially.

Renata was admired by family first types for remaining a loyal wife to Rob Ford through thick and thin. Doug's reaction to the suit was a mistake. He has accused of Renata of extortion. The Ford's appeal was being straight up folksy family is everything types and fiscal conservatives. Neither type will be impressed that he has apparently driven the company into ruin and ripped off Rob Ford's widow.

progressive17 progressive17's picture

There was some criticism here about the perfunctory media coverage last night on the Ford family's lawsuit. I think it was because by the time they were putting most of the stories to bed yesterday they only had the Statement of Claim and not much time to digest it.

Today, however, it is all over CBC News Channel. They are giving it at least 5 minutes per hour, and they have assigned reporters to it. We have reaction from Horwath (surrounded by multitudes) and Wynne (from a tweet). 

This is the bombshell. I doubt that the polls are going to be able to measure the reaction to this before the election the day after tomorrow.

Indeed, it may be in the NDP's interest to show that the PCs are going to win, unless.. you.. get.. out.. and.. vote..

Paladin1

A few days before the election? Not a suspicious timing at all.

I'm going to guess there is a very good reason she's not the executor.

I'm also reading it quick but is it saying she wants money allocated to the kids in the will given to her? So like, disregard what the will says?  And it looks like a lot of the crap she's accusing Doug of was done when her husband was alive.

Michael Moriarity Michael Moriarity's picture

Paladin1 wrote:

A few days before the election? Not a suspicious timing at all.

I'm going to guess there is a very good reason she's not the executor.

I'm also reading it quick but is it saying she wants money allocated to the kids in the will given to her? So like, disregard what the will says?  And it looks like a lot of the crap she's accusing Doug of was done when her husband was alive.

The law firm representing Mrs. Ford, Aird Berlis, seems to be a pretty respectable, establishment outfit. I think it is quite unlikely that they would bring an action such as this knowing it to be based on lies. Their reputation would be too important to them. I would guess that the timing is mostly a matter of trying to make use of leverage while they still had some.

Sean in Ottawa

The detail may not matter --the reminder that these are millionaires fighting over money may be more important -- or it should be.

NorthReport

In other words the accusations against Doug Ford's management skills appear to be accurate. Good luck Ontario as you are going to need it.

Ford refuses to release company’s financial records maintains Deco is ‘incredible’

 

https://ipolitics.ca/2018/06/05/ford-refuses-to-release-companys-financi...

NorthReport
Unionist

#IBelieveRenata

 

Mr. Magoo Mr. Magoo's picture

Even at his absolute worst, there always seemed to be a tiny kernel of decency in Rob -- none of it expressed in policy, mind you -- but not an atom of it in Doug.

Everything Doug has financially he owes to his father.  Everything Doug has politically he owes to his brother.  I am, in fact, a little surprised to see him screwing family, of all things.  Geez, if he could wait two more days, he might get to screw a whole province!

If Renata had stumped for him a little, and said perhaps "this is what Rob would have wanted to see", and "Ford Nation lives on in my brother-in-law and dear friend Doug" and "vote like Rob would have!" then Thursday could have been a mere formality.

Pondering

There must be documents to back up her claims.

Transferring the shares for zero dollars not only gave Randy control, it also meant no taxes. Zero valuation. If the company is doing so well shares would be worth something.

She said that both Doug and Randy are taking huge salaries and not doing any work. That is probably true of many heads of companies but in this case they are getting called on it for not giving Ranata the share Rob used to get for not working. They've tried to give her a flat settlement freezing her out of the company.

He has not denied transferring Rob's shares for zero dollars.

cco

Pondering wrote:

Transferring the shares for zero dollars not only gave Randy control, it also meant no taxes. Zero valuation. If the company is doing so well shares would be worth something.

Bingo. Either he screwed her out of her share of the profits, or he's an abysmal businessman running Deco straight into the ground. (Neither would come as a shock.)

Mr. Magoo Mr. Magoo's picture

Quote:
they are getting called on it for not giving Ranata the share Rob used to get for not working.

Hehe.

Expect chilly weather at the next "Ford Fest" barbecue... no matter what the mercury says.

NorthReport

Of the people discussing the Renata Ford lawsuit, 74% are against Doug Ford, 21% are defending Doug Ford and 5% are neutral. ASI sees this as a significant issue for the .

https://twitter.com/ASI_datascience/status/1004052639460409349

NorthReport

Ford’s public financial disclosure shows he is sole owner of family business

https://ipolitics.ca/2018/06/05/fords-public-financial-disclosure-shows-...

progressive17 progressive17's picture

A bigtime lawfirm like that would need a pretty hefty retainer unless they decided to do it on a contingency fee basis. If she is broke and there is a contingency deal where the law firm gets a percentage of the take if they win, said firm would have to decide whether they wanted to work on it. Further then, if that is so, they must have determined they had a reasonable case.

The crocodile tears from Doug Ford Jr. on the TV today were quite a sight. I wonder how many people he thinks he is fooling?

#IBelieveRenata

NorthReport
NorthReport
jerrym

If Ford does win the election, past history in Ontario and Canada suggests that the chances Doug has little to worry about in terms of criminal prosecution, even if evidence in the civil court case points towards fraud having occurred. Alan Eagleson, who had connections to the PC party, defrauded NHL players of their pensions and nothing was done about it in Ontario for decades. However, when it came to the attention of the US legal system was he successfully and quickly prosecuted and convicted. Much the same happened with Conrad Black, who had questions raised about how he got control of much of his newspaper chain from the widow and sister-in-law of the owner of the giant Argus corporation. Again nothing was done about this or about defrauding Hollinger until US courts took action and convicted him. I have no great faith in American justice but at least occassionally they do act against a few members of the elite. 

Probably he has little to worry about even if he loses the election considering the record of Canadian prosecutors on going after white-collar crimes committed by the elite. 

Two reporters at the Globe & Mail newspaper -- Grant Robertson and Tom Cardoso -- estimate the amount of uncollected fines and financial penalties to be in the range of $1.1 billion.

http://www.fcpablog.com/blog/2018/1/9/norm-keith-canada-securities-regul...

Under the BC Liberals white collar crime fine collection was a joke. 

From fiscal 2007-08 to 2016-17, the B.C. Securities Commission has collected less than two per cent of $510 million in fines and orders to pay back the proceeds of fraudulent activities, according to the commission’s financial reports and other records.

http://vancouversun.com/business/local-business/hundreds-of-millions-of-...

I know Ford's firm is a private firm and not a public one under securities regulation but there is no evidence that but he like those firms he has little to worry about if Renata wins the case from a criminal prosecution point of view. Fine - don't worry - white collar criminals don't. Jail time for white collar criminals - what's that?

 

 

Ciabatta2

I think the proper response here is not questioning his platform or his business credentials, but just highlighting that everything that's ever touched a Ford turns to chaos.

Mr. Magoo Mr. Magoo's picture

Sorry if I'm interrupting a good wank, jerrym, but if Doug made crap-ass decisions and ran Deco into the ground, it wouldn't be a criminal matter, and if Dougie doesn't go to prison it won't be because "white collar" criminals don't.

Is "Deco Labels" publicly traded?

If not, then specifically who do the executive of Deco have a fiduciary duto to?

jerrym

Mr. Magoo wrote:

Sorry if I'm interrupting a good wank, jerrym, but if Doug made crap-ass decisions and ran Deco into the ground, it wouldn't be a criminal matter, and if Dougie doesn't go to prison it won't be because "white collar" criminals don't.

Is "Deco Labels" publicly traded?

If not, then specifically who do the executive of Deco have a fiduciary duto to?

There is no need to engage in personal insults. If he defrauded Renata, that is a crime of stealing assets that belonged to her that is a crime. 

Mr. Magoo Mr. Magoo's picture

Quote:
There is no need to engage in personal insults. If he defrauded Renata, that is a crime of stealing assets that belonged to her that is a crime.[/quote]

If it falls under the criminal code, tell us more.

If it doesn't, don't be all hurt.  Nothing personal, jerrym, but ripping someone off is typically a tort, not a crime.

Misfit Misfit's picture

But she is going after him civilly.

jerrym

Yes, Renata is pursuing her case and I am not saying fraud is part of her case, but if fraud is part of her case this does not prevent criminal charges being laid if a prosecutor decided to do so. My point above is that the latter is unlikely to happen even if there is evidence of fraud based on how gingerly our legal system tends to deal with the elite. 

The basic difference between theft and fraud is that theft generally involves taking something through force or by stealth, where fraud revolves around a purposeful misrepresentation of fact, and the basic difference between criminal fraud and civil fraud lies in who is pursuing legal action in the case. A single act of fraud can be prosecuted as a criminal fraud by prosecutors, and also as a civil action by the party that was the victim of the misrepresentation.

http://bochettoandlentz.com/criminal-fraud-vs-civil-fraud-whats-difference/

 

Unionist

jerrym wrote:

Yes, Renata is pursuing her case and I am not saying fraud is part of her case, but if fraud is part of her case this does not prevent criminal charges being laid if a prosecutor decided to do so. My point above is that the latter is unlikely to happen even if there is evidence of fraud based on how gingerly our legal system tends to deal with the elite. 

The basic difference between theft and fraud is that theft generally involves taking something through force or by stealth, where fraud revolves around a purposeful misrepresentation of fact, and the basic difference between criminal fraud and civil fraud lies in who is pursuing legal action in the case. A single act of fraud can be prosecuted as a criminal fraud by prosecutors, and also as a civil action by the party that was the victim of the misrepresentation.

http://bochettoandlentz.com/criminal-fraud-vs-civil-fraud-whats-difference/

 

Isn't your article from the U.S., jerrym?

Here's something that describes the difference between criminal and civil fraud in Canadian law. It's clear as mud.

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