Ontario · Receivership (court-appointed)
Fourth Report of Trustee dated September 5, 2025.pdf
Court officer report · 5 September 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing6 verified
- disbursementssince: February 2021 to March 2023 · amount: 103629978 · currency: CAD
- operational summaryThis report is a reply in a bankruptcy Clawback Motion against alleged Ponzi scheme recipients; there is no ongoing business operation, only the trustee's investigation and collection efforts, funded by borrowed investor funds ($453,000) with only $124,610 in realizations to date from a property sale.
- professional feesnote: Majority sits as work in process and has not been billed; estate is without funds and ongoing efforts depend on deferring billings. · party: the Trustee and its counsel · amount: 2210000 · period: over two years of proceedings dating back to July 7, 2023 · currency: CAD
- receipts cumulativenote: Deposits into Grozelle's bank accounts; disbursements figure is separately stated. · since: February 2021 to March 2023 · amount: 103647363 · currency: CAD
- report date5 September 2025
- report noFourth Report of the Trustee (Claw Back Motion)