The bankruptcy trustee of castor holdings, the montreal-based property finance group backed largely by european investors, is considering further legal action against mr wolfgang stolzenberg, the german-canadian financier, and others involved in castor's collapse. In 1992, castor holdings ltd, an insidiously complex canadian real estate and financial investment empire, run by montreal businessman wolfgang stolzenberg, declared bankruptcy amongst many others, cibc mellon trust company, as trustee of several pension and other benefit funds, and daimlerchrysler canada inc lost hundreds of millions of . Search the history of over 334 billion web pages on the internet. Castor holdings inc was founded in 1975 as a privately owned investment banking and finance organization by stolzenberg and wersebe castor holding limited ( chl ) was incorporated on december 29, 1977 by letters patent in the province of new brunswick . The suit named wolfgang otto stolzenberg, the president, ceo and chairman of castor, as the primary defendant accused of masterminding the fraud gambazzi owned .
The suit named wolfgang otto stolzenberg, the president, ceo and chairman of castor, as the primary defendant accused of masterminding the fraud marco gambazzi, a swiss attorney, was also individually named as a defendant. Explore log in create new account upload ×. The first crisis of financial globalization and securitization and the coming generalized credit crunch author: nouriel roubini october 22nd, 2007 share this print.
Last year the rcmp issued an international warrant for wolfgang stolzenberg, the former ceo of castor holdings he is believed to be living in germany, a country that does not extradite its own . 9780906343425 0906343429 global transition in mining laws and tax systems - presented to un escap seminar on analysis of employee-owned ventures, peter jan . An essay or paper on money and trouble in europe - money and trouble- wolfgang stoltzenbergs business castor holdings displayed the illusion of being a very successful company and the large banks of the world continued to lend to stoltzenberg despite the fact that in reality the business had not ma. Stolzenberg a master of illusion: rcmp castor holdings ltd, members of an rcmp investigation team said [mr stolzenberg]embellished the financial portrait of the company by saying it . Imry was funded by barclays bank and bought by wolfgang stoltzenberg’s castor holdings group of companies the business in these cases is mostly focused on .
When president kennedy was in office, he had to deal with many issues, ranging from business and finance to crime-fighting and war issues perhaps it . Geography essays / analysis - money and trouble- an analysis of motive within europe wolfgang stoltzenberg s business castor holdings displayed the illusion of . The slow wheels of justice by list week tracey tyler sun, march 18, 2007 stolzenberg co-founded castor holdings, a montreal-based company that functioned as a kind of lender of last resort .
The rcmp issued an arrest warrant for castor founder wolfgang stolzenberg in 2012, alleging that he committed fraud and conspiracy when he raised funds from investors in the company he is believed to be living in germany, which does not allow the extradition of its citizens. Named as primary defendant in the english proceeding was wolfgang otto stolzenberg, the president, chief executive officer and chairman of castor holdings, who is alleged to have orchestrated the fraud 1. An analysis of motive within europe wolfgang stoltzenberg’s business castor holdings displayed the illusion of being a very successful company and the large banks of the world continued to lend to stoltzenberg despite the fact that in reality the business had not made a profit in years. By 1989, many of these were transferred to castor holdings which went bust in 1991 - the largest fraud-related bankruptcy in canadian history the rcmp are still trying to coax castor's major player, von wersebe's pal wolfgang stolzenberg out of germany so they can bust him on 41 fraud-related charges stemming from the bankruptcy.
Pierre d grenier partner pricewaterhousecoopers further to the bankruptcy of castor holdings at the 2008 national conference on risk analysis and . Daimlerchrysler canada has recently won a court judgment in new york to begin seizing assets to recover $us330 million from castor holdings ltd, a defunct montreal . The former director of montreal-based castor holdings is wanted by the rcmp wolfgang stolzenberg faces 42 counts of fraud and conspiracy castor holdings, a kind of private bank, went bankrupt .