“And if this is how Doug Ford treats his own brother’s family, how will he treat everyone else’s families?”
A News Release from the Ontario New Democratic Party
Posted June 6th, 2018 on Niagara At Large
Reports in the Toronto Star and the Toronto Sun once again show that (Ontario PC Party leader) Doug Ford is not the business tycoon he claims to be.
In a $16.5 million lawsuit filed on Friday (June 1st), the widow of late Toronto Mayor Rob Ford alleges that Doug Ford “mismanaged the Deco Companies to the point of insolvency, and then plundered Doug Sr.’s Estate to maintain the illusion that they were successful businessmen and retain their offices and compensation.”
The lawsuit specifically says that Doug Ford:
- Gave away Rob Ford’s widow’s shares in Deco Tag, claiming they were worthless, and denied her and her kids the proceeds of an insurance policy in Rob’s name
- Paid himself an “extravagant salary” as CEO of Deco Tag, even though the company had lost millions since he took it over
- Wasted money on “ill-advised acquisitions”
One of those “ill-advised” acquisitions was Wise Tag, a New Jersey based business. Doug Ford has bragged about a “turnaround” at Wise Tag on his watch.
But a former employee of Ford’s said “the only thing the Wise Tag venture is an example of is Mr. Ford’s impulsiveness and inability to plan.”
The son of Wise Tag’s former owner sued Doug Ford for breach of contract, fraud, unjust enrichment, and conversion – the exercising of unlawful ownership over someone else’s property. Sound familiar?
Wise Tag closed its doors in May of 2017, after 61 years in business.
Doug Ford has promised to run the province like a business.
But if he can’t run his own business properly, how can he be trusted to run the province?
And if this is how Doug Ford treats his own brother’s family, how will he treat everyone else’s families?
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