Events 2015-Current

Dec 20, 2016

 

Dec 20, 2016 

King businessman John Simmonds charged in $30M fraud against food shipper Mr. Goudas

“Simmonds is a serial fraudster," says former owner Spyros "Peter" Goudas

Spyros "Peter" Goudas

King Connection

By Jeremy Grimaldi 

When Spyros “Peter” Goudas came to Canada from Greece in 1967 he had no money, spoke no English and knew not a soul.

But he worked hard and earned enough to buy a small packaging plant, eventually growing the new company,  Mr. Goudas, into one of Canada’s largest independent food companies, the label for which will be familiar to many, gracing a number of international products ranging from rice to hot sauce to beans.

After 45 years running the company, Mr. Goudas decided to take a step back from the front lines in 2014, eventually selling the company to King City businessman John Simmonds, according to York Regional Police.

But Det. Ken Bardai says Simmonds, 66, is a fraudster who modelled himself on a slick 1960s movie character played by James Garner, who buys failing businesses before reselling them for big money.

He was identified in the Globe and Mail in a 2014 article as chair and CEO of A.C. Simmonds and Sons Inc, a King City company which was then in the process of changing its name from BLVD Holdings Inc.

“It kind of inspired me to be this character called Cash McCall, doing takeovers and that sort of thing,” he told the Globe and Mail. “I’ve become Cash McCall, so now we’re actually negotiating for the rights to remake the movie.”

The article named him as the co-founder of ClubLink, who had his fingers in a number of “growth sectors” including “international food, oil and gas and waste management” the combined revenues of which were “projected to reach $500 million in the next few years.”

Simmonds grew up in a family business run by his grandfather and then father, which sold light bulbs, radio parts, hi-fi systems and wireless devices in the 1980s and '90s. In 1993, he says, he bought out the rest of his family from A.C. Simmonds & Sons.

It was in 2014 that BLVD Holdings, one of 80 shell companies registered by Simmonds, according to police, bought out Goudas Food Products and Investments Limited for $10 million, giving Goudas stock options in a shell company and promising to make him rich, says Bardai, who has been working on the case for two years.

Over the next five months, Bardai suggests, Simmonds misrepresented how much money the company was making, defrauding creditors, bankers, private investors and suppliers of more than $30 million.

 An investigation was started after police and the Ontario Securities Commission received a number of complaints.

“He was selling shares in his company saying we are on the verge of buying another company, (the shares were sold) to people in Barrie, Huntsville, the GTA and Florida,” Bardai added, noting that suppliers were also ripped off from the Canada and United States, spreading from York Region to Texas.

“Between April and August 2014 Simmonds…funnelled large sums of money out of the existing business to himself and the co-accused…to the point of bankrupting the company.”

It is alleged that about 50 people lost their jobs as a result of the bankruptcy.

In an affidavit to the insolvency proceedings for Goudas Food Products and Investments Limited, Goudas explains what he believes happened.

“I now realize John Simmonds is a serial fraudster who is primarily in the business of pumping and dumping penny stock of companies he controls,” he said.

“I learned that he has, on numerous occasions, bought, or attempted to buy, operating businesses, and looted them in a manner similar to the manner in which [Goudas Food Products and Investments Limited] was looted after I sold it to him.”

In the past Simmonds, who currently resides in Uxbridge, has also announced plans to open a casino and 12-hole golf course to Wasaga Beach, but was eventually charged with fraud and money laundering by the OPP’s anti-rackets in relation to a Bracebridge waste management vehicle company called Fanotech.

According to media reports the investigation was in relation to allegations by Fanotech owner Gabe Tomassoni that Simmonds was attempting to “raid his company."

Charged in the alleged Mr. Goudas fraud are:

  •  John Simmonds, 66, of King City

Carrie Weiler, 57, of Nobleton,

Ian Bradley, 71, of Toronto,

Jason Willians, 44, of Severn,

Michael Grieco, 63, of Vaughan,

Deborah Simmonds, 56, of Aurora,

Tyrone Ganpaul, 67, of Mississauga

 John Mpardakis, 45, of Toronto.

They have been charged with a slew of offences including fraud over $5,000, using forged documents and possession of property obtained by crime.

 
Dec 20, 2016

 

POLICE LAY CHARGES IN $30 MILLION FRAUD INVESTIGATION


 AN EARLY CHRISTMAS GIFT FOR SPYROS PETER GOUDAS 

CHARGES LAID IN $30 MILLION FRAUD INVESTIGATION

Posted on Tuesday December 20, 2016

Investigators with the York Regional Police Major Fraud Unit have arrested nine people and laid 42 charges in connection to a criminal organization responsible for defrauding, businesses, banks and private investors of more than $30 million dollars.

In November 2014, York Regional Police commenced an investigation into the accused John SIMMONDS and his company AC Simmonds Group.

Police and the Ontario Securities Commission received several complaints from victims alleging they had been defrauded by Simmonds and his co-accused.

In early 2014, the company BLVD Holdings, one of the 80 shell companies registered by Simmonds Group began the process of acquiring a food shipping company in York Region.

AC Simmonds was to purchase the company for $10 million from the original owner who had started the company and operated it for the past 45 years.

Once Simmonds took control of the business, he replaced the current system for maintaining the financial records to misrepresent the financial status of the company.

Simmonds and his co-accused, systematically submitted fraudulent documentation from one of his many shell companies and business interests to increase the value of the company in order to secure additional money from lenders, creditors and investors.

Between April and August 2014, in the 5 months that Simmonds had taken control of the food company, he funnelled large sums of money out of the existing business to himself, the co-accused and his shell companies to the point of bankrupting the food company.

The total fraud value at this time is believed to be over $30 million.

Anyone with information or anyone who has had business agreements with BLVD Holdings or  AC Simmonds Group are asked to contact Detective Ken Bardai with the York Regional Police Major Fraud Unit at 1-866-876-5423, ext. 6671, Crime Stoppers at 1-800-222-TIPS, leave an anonymous tip online at www.1800222tips.com, or text your tip to CRIMES (274637) starting with the word YORK.

Charged:

  • John SIMMONDS, 66, of King
  • Carrie WEILER, 57, of Nobleton
  • Ian BRADLEY, 71, of Toronto
  • Donald FENTON, 67, of Toronto
  • Jason WILLIAMS, 44, of Severn
  • Michael GRIECO,  63 of Vaughan
  • Deborah SIMMONDS, 56, of Aurora
  • Tyrone GANPAUL, 67, of Mississauga
  • John MPARDAKIS, 45, of Toronto

Charges Include:

  • Fraud Over $5,000
  • Conspiracy to Commit an Indictable Offence
  • Use a Forged Document
  • Fraud-Other Means
  • Laundering Proceeds of Crime
  • Possession of Property Obtained by Crime
  • Fraud Affecting Public Market
  • False Prospectus
 
Dec 20, 2016

December 20, 2016 2:41 pm

Updated: December 21, 2016 10:35 am

 Canadian businessman, ClubLink co-founder John Simmonds     charged in $30 million fraud

By Adam Miller Online Journalist  Global News

 

 
Dec 29, 2016

“Simmonds is a serial fraudster," says former owner Spyros "Peter" Goudas

King Connection

By Jeremy Grimaldi 

 

When Spyros “Peter” Goudas came to Canada from Greece in 1967 he had no money, spoke no English and knew not a soul.

But he worked hard and earned enough to buy a small packaging plant, eventually growing the new company,  Mr. Goudas, into one of Canada’s largest independent food companies, the label for which will be familiar to many, gracing a number of international products ranging from rice to hot sauce to beans.

After 45 years running the company, Mr Goudas decided to take a step back from the front lines in 2014, eventually selling the company to King City businessman John Simmonds, according to York Regional Police.

But Det. Ken Bardai says Simmonds, 66, is a fraudster who modelled himself on a slick 1960s movie character played by James Garner, who buys failing businesses before reselling them for big money.

He was identified in the Globe and Mail in a 2014 article as chair and CEO of A.C. Simmonds and Sons Inc, a King City company which was then in the process of changing its name from BLVD Holdings Inc.

“It kind of inspired me to be this character called Cash McCall, doing takeovers and that sort of thing,” he told the Globe and Mail. “I’ve become Cash McCall, so now we’re actually negotiating for the rights to remake the movie.”

The article named him as the co-founder of ClubLink, who had his fingers in a number of “growth sectors” including “international food, oil and gas and waste management” the combined revenues of which were “projected to reach $500 million in the next few years.”

Simmonds grew up in a family business run by his grandfather and then father, which sold light bulbs, radio parts, hi-fi systems and wireless devices in the 1980s and '90s. In 1993, he says, he bought out the rest of his family from A.C. Simmonds & Sons.

It was in 2014 that BLVD Holdings, one of 80 shell companies registered by Simmonds, according to police, bought out Goudas Food Products and Investments Limited for $10 million, giving Goudas stock options in a shell company and promising to make him rich, says Bardai, who has been working on the case for two years. 

Over the next five months, Bardai suggests, Simmonds misrepresented how much money the company was making, defrauding creditors, bankers, private investors and suppliers of more than $30 million. 

 An investigation was started after police and the Ontario Securities Commission received a number of complaints. 

“He was selling shares in his company saying we are on the verge of buying another company, (the shares were sold) to people in Barrie, Huntsville, the GTA and Florida,” Bardai added, noting that suppliers were also ripped off from the Canada and United States, spreading from York Region to Texas.

“Between April and August 2014 Simmonds…funnelled large sums of money out of the existing business to himself and the co-accused…to the point of bankrupting the company.” 

It is alleged that about 50 people lost their jobs as a result of the bankruptcy. 

In an affidavit to the insolvency proceedings for Goudas Food Products and Investments Limited, Goudas explains what he believes happened. 

“I now realize John Simmonds is a serial fraudster who is primarily in the business of pumping and dumping penny stock of companies he controls,” he said.

“I learned that he has, on numerous occasions, bought, or attempted to buy, operating businesses, and looted them in a manner similar to the manner in which Goudas Food Products and Investments Limited was looted after I sold it to him.

In the past Simmonds, who currently resides in Uxbridge, has also announced plans to open a casino and 12-hole golf course to Wasaga Beach, but was eventually charged with fraud and money laundering by the OPP’s anti-rackets in relation to a Bracebridge waste management vehicle company called Fanotech.

According to media reports the investigation was in relation to allegations by Fanotech owner Gabe Tomassoni that Simmonds was attempting to “raid his company."

Also charged in the alleged Mr. Goudas fraud are:

Carrie Weiler, 57, of Nobleton,

Ian Bradley, 71, of Toronto,

Jason Willians, 44, of Severn,

Michael Grieco, 63, of Vaughan,

Deborah Simmonds, 56, of Aurora,

Tyrone Ganpaul, 67, of Mississauga

John Mpardakis, 45, of Toronto.

They have been charged with a slew of offences including fraud over $5,000, using forged documents and possession of property obtained by crime.

 

 
Feb 14, 2017

 

Royal Bank of Canada involved in fraud,
bankrupted entrepreneur"Mr Goudas" claims

February 14, 2017

 
The man who founded one of Canada’s most beloved brands of ethnic food says he lost his business to a fraud because he trusted his banker, the Royal Bank of Canada. (Nudge Nudge Wink Wink)
 
 
Mar 24, 2017

 

A Canadian based food tycoon namely; Spyros Peter Goudas who owned and operated the popular food brand “Mr. Goudas” has been on a quest to secure legal representation to assist with several legal matters, to no avail.

The untimely court-appointed Receivership of his company has resulted in a ‘Rags to Riches to Rags’ storyline in the heart of Canada’s food industry, to millions of consumers, suppliers and as per letters of appreciation.

The landscape of Canada’s food industry has taken a severe blow and competition in the ethnic food market is at an all-time high in Canada’s food-chain supply.

 
Apr 13, 2017

MIMI KARAMPATOS
 

Mimi Karampatos was born in Sparta, Greece in 1932.
 
Mr Spyros Peter Goudas had the pleasure of meeting Mimi in the early 80's while she was involved as a volunteer at the Prophet Elias, Greek Orthodox Church located in Mississauga, Ontario. 

 

 
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