The Globe and Mail reports in its Thursday edition that Molson Coors Canada has uncovered an alleged embezzlement scheme that led to losses totalling at least $9-million since 2021.
The Globe's Susan Krashinsky Robertson writes that a lawsuit filed with the Ontario Superior Court of Justice has revealed details of a scheme involving two former Molson Coors employees and several vendors and business partners, including the president of Firkin Hospitality Group. The lawsuit accuses Molson Coors Canada's former director of sales, Frank Ivankovic, of orchestrating "a complex scheme to defraud the company of many millions of dollars over many years," by okaying fraudulent invoices to two companies that then made secret payments back to Mr. Ivankovic and his wife.
Those two firms are controlled by Firkin Group president Larry Isaacs and his wife Ellen Bacher. They shared in the proceeds of the fraud, said the Molson Coors statement of claim.
The lawsuit alleges that Mr. Ivankovic involved two former employees in the scheme, including manager Michael Conforti, who allegedly issued fraudulent purchase orders and received secret payments, along with another unnamed individual. None of the allegations have been tested in court.
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