A man from the Niagara region admitted to defrauding two Ontario entrepreneurs of $ 52,000 after promising millions of dollars in financing if they paid him a rate.
Peter Corbière, 67, declared himself guilty of two fraud charges of more than $ 5,000, in Goderich Court earlier this year and St. Catharines in 2024.
He is ready to judge for a third set of fraud charges in November.
CBC Hamilton First reported About Corbière’s behavior in 2018, when at least nine business owners talked about a worrying pattern. I would offer huge loans in exchange for the rate of a lender sent directly to their companies, but would never deliver the financing and still maintain the rate.
This is what happened to Don Nott, a former farmer, who in 2016 was starting a new business to convert the plastic of the old farm into reusable plastic, said the assistant lawyer of the Crown Deanna Bronwicki, said Goderich Court on March 19.
Nott needed to buy a “very expensive machinery piece” and connect with Corbière to obtain financing, he said. Nott gave him $ 38,000 as part of his agreement in exchange for Corbière organizing a loan of $ 1.4 million.
Corbière appeared as an expert in veteran business financing. He had worked for a government bank that helped small businesses, and had spoken in business events in the Niagara and Norfolk regions.
But Corbière “knew he had no access and it was reckless if he could ensure $ 1.4 million,” Bronowicki said.
Don Nott tells Stephanie Matteis of CBC over the $ 38,000 that gave Peter Corbière in exchange for a loan to grow her agricultural waste recycling business.
“I regret my actions,” says Corbière
Corbière, who was represented in the Court, said he committed fraud during “a moment of tremendous difficulty at home” when his wife was diagnosed with cancer.
“I regret my actions and inaction,” said Corbière, who lives in Niagara-on-The-Lake.
As part of his 12 -month sentence of probation, Corbière had to pay the $ 38,000 within 90 days, or mid -June, or would face a violation of the probation for probation and the time of the prison, said the crown.
Until Thursday, I hadn’t done so, Nont told CBC Hamilton. Nott has informed the Court, but said that “he has no greatness of hope” of recovering the money.
Neither the police nor the court would confirm whether Corbière has been accused.
In St. Catharines last September, Corbière declared himself guilty of defrauding the businessman of the Niagara region, Ty Shattuck of $ 14,000, which Corbière had already paid.
In the impact statement of the victim of Shattuck, he said that Corbière was a friend he trusted to obtain $ 7 million in financing for his business. The crown read parts of Shattuck’s statement in court.
“I was not prepared for shame that comes with being deceived or deceived,” said Shattuck.
When the loan did not arrive, Shattuck said he lost not only the $ 14,000 rate that had given Corbière, but also the acquisitions that Shattuck had aligned and finally all his business.
“I lost my way and became careless, involuntarily, making bad decisions that affected others,” Corbière told the court. “I regret my actions and I sincerely apologize to Mr. Shattuck.”
Corbière was sentenced to two years of probation. As part of the conditions, you are not allowed to do any business related to financial loan services.
