Category: The Libranos

The Libranos: WE Realty

More from Vivian Krause: This revenue graph just doesn’t look right to me. So perfect. These guys just waltzed through 2009 & 2010 like nothing happened. And on the expenditures side, about 66% is in the grey. Unspecified.

I wish I had better source links than these tweets, but it is what it is these days.

The Libranos: There They Go Again…

National Post;

A company in Quebec has been awarded $133,486,868 in sole-sourced federal orders to manufacture PPE even though it didn’t have a factory in Canada.
 
AMD Medicom Inc. was given the ten-year contract and some MPs are now demanding to see the terms of the contract, according to a report by Blacklock’s Reporter on Tuesday.
 
“As small and medium-sized businesses we want to know, does everybody have the same opportunity to produce personal protective equipment and sell it, or is the federal government picking winners and losers” Jocelyn Bamford, president of the Coalition of Concerned Manufacturers and Businesses of Canada, earlier told the Commons government operations committee.
 
Records show Cabinet signed its initial agreement with AMD Medicom on March 20.

The National Post would do well to fire their woke, underperforming news journos and just subcontract everything to Blacklocks.

Here WE Go

The Kielburger bros testimony has commenced on CPAC.

UPDATE. Poilievre questioning. It’s going badly.

A new admission, extracted from a mostly stupid round robin of bafflegab.

Jesse Brown is tweeting a play by play.

I ask the experts: Does comms training coach men to answer interrogative questions in up talk? Does up talk raise or lower persuasiveness?

Bananada

There’s now so much material spewing out about the Kielburger racket, it’s hard to keep pace.

Related: PM @JustinTrudeau says as MP 2008 – 2013 he collected $277,000 in speaking fees. Toronto talent agency @SpeakersDotCa has until July 29 to surrender records to Commons ethics cmte detailing all speaking fees paid to Trudeau family.

Update: Victor Li is one busy guy.

The Libranos: WE Realty

This thing just gets better and better.

Prime Minister Justice Trudeau’s government awarded the contract to run the $912-million student volunteer program to a foundation that only received charity status last year and whose stated purpose was to “hold real estate,” newly released records show.
 
Both a government and charity official confirmed the controversial Canada Student Service Grant contract was not with WE Charity, as Trudeau announced.
 
Rather, the government gave the contract to the WE Charity Foundation, which is a distinct charity with no track record.

As an aside — am I the only one who thinks Trudeau was setting up Kielburger as a political successor?

Update. On, the small matter of a $41,000 oversight.

WE Realty

Brian Lilley;

Another oddity in the Kielburger/WE real estate world is how often properties trade hands among family members and insiders. The home at 212 Carlton was sold by Mingze Li to Yutain Qi, another WE employee, and again it sold more than $250,000 below the assessed value.
 
The family has traded some pieces of real estate multiple times before transferring them to a numbered company for what is recorded as a $0 transaction.
 
One accountant, who was asked to review documents related to these and other sales, said questions do arise out of what is public but added more background documents would be required to know if these transactions were more than simply strange.
 
Roxanne Joyal, CEO of ME to WE and also wife to Marc Kielburger, owned 1792 Lakeshore Blvd E., which overlooks Woodbine Beach, for seven years, starting in 2007.
 
She sold it to Victor Li and his wife in 2014 for $1.56 million. Li sold it to Fred and Theresa Kielburger in 2016 for $1.62 million.
 
In November 2018, the Kielburgers transferred the property to a numbered company owned by Kelly Hall-Holland, Craig Kielburger’s mother-in-law, for $0. The home is assessed at more than $1.7 million.

Related: Property Brothers.

Report: WE Charity Moved Millions To Private Kielburger Company

Uh oh.

When the pandemic began, WE Charity promptly laid off the majority of its workforce. Media reports assumed that this was a direct result of COVID-19, with its obvious impacts on donations and live events.
 
But in an interview with Canadaland, CI’s Managing Director Kate Bahen shares information from WE’s own audited financial statements that tells a different story – one of an organization that appeared to already be in crisis and making strange financial transactions when COVID hit, to anyone who bothered to look.

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