Barrie accused of misusing fundsBear Mountain may indeed be a money-losing bottomless pit (as we predicted last week) but will it turn out to be a money-losing bottomless pit run by thieving criminal lunatics? That's the question of the day!
UPDATED Wed. Sept. 2
David Shoalts, Globe and Mail. Photo: Bruce Bennett/Getty Images
Len Barrie took money improperly from the Bear Mountain resort and its investors in order to pay for his share of the Tampa Bay Lightning, according to a member of the real-estate development's executive committee.
Scott Bye, a financial adviser to a group of NHL players who was appointed to Bear Mountain's executive committee after the players became concerned about its finances, said yesterday that Barrie, the chief executive officer of Bear Mountain, owes the company "between $16-million and $20-million dollars."
Barrie told The Globe and Mail on Monday that all of the money in question was either paid back or accounted for, following a damning report by the company's auditor, but Bye said yesterday this was not true.
"To my knowledge, zero," Bye said in a telephone interview from his office in Fargo, N.D., when he was asked how much of the disputed money was paid back by Barrie.Read the rest.
Related: Where's Len Barrie's Bailout?
Would you support a company that paves over rare species, breaks its promises, relies on force and intimidation, and destroys native cultural sites?
Barrie brags about destroying the sacred cave and sending his goon squad to abuse native elders. His resort is built on native grave sites. He destroyed beautiful and rare ecosystems to build a tacky golf resort on a windy, cold mountaintop. His arrogance and double-dealing have made him one of the most-hated men on Vancouver Island.
Barrie and his investors chose to make backroom deals with the City of Langford and the province to fast-track his resort development. He chose not to consult with local residents, respect aboriginal rights, comply with environmental best practices, or accommodate the community in any significant way. And now he is facing the consequences.
Why would ANYONE do business with Bear Mountain Resort?