Heydary Hamilton, PC Reports That a Canadian Court is Going to Hear Appeal of Case Finding Fraud Involving Elderly American Investors and Leading Canadian Law Firm of Cassels Brock & Blackwell LLP

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The American investors who are the victims of a fraud in Canada will hold a press conference at the University Club of Toronto, 380 University Avenue, Toronto, Ontario, M5G 1R6, on June 22, 2011 at 3:00 PM (EDT) on the day of an appeal of two judgments in their favour in the amounts of $1,190,401 USD and $1,000,000 USD for fraud against Robert Hryniak, a Toronto resident.

Justice Grace remarked that “[t]he threads of dishonesty are everywhere”

Canadian Law firm Heydary Hamilton, PC reports that on June 22, 2011, the Ontario Court of Appeal, located at 130 Queen Street West, Toronto, Ontario, M5H 2N5, will hear two appeals in Bruno Appliance and Furniture, Inc. ats Robert Hryniak (Court File No. C52913) and Fred Mauldin et al. ats Robert Hryniak (Court File No. C52912) that arise from a recent decision on two motions for summary judgment granting Judgment in favour of 14 American investors for fraud against Robert Hryniak, a Toronto Resident, in a fraudulent scheme commonly known as “Prime Bank Fraud.”

The motions for summary judgment also alleged that the involvement of Cassels Brock and Blackwell LLP, one of Canada’s most prestigious law firms, and Gregory Jack Peebles, a one-time Managing Partner, “added an air of credibility and plausibility to the fraudulent investment by their former long-standing client, Robert Hryniak.”

Court records show that while judgment was not granted against Cassels Brock and Blackwell LLP and Mr. Peebles, a trial was in order. The Honourable Mr. Justice Grace granted judgment for fraud against Robert Hryniak in the amounts of $1,190,401 USD and $1,000,000 USD, respectively. In detailing the evidence on the motion, Justice Grace remarked that “[t]he threads of dishonesty are everywhere” and with respect to the evidence of Hryniak in particular.

Court records state that with respect to Mr. Peebles in particular, Justice Grace found it “troubling” that Mr. Peebles had virtually no recollection of what transpired during meetings with Mr. Hryniak, his client of many years, and His Honour concluded that he was “dissatisfied, concerned and highly suspicious” of Mr. Peebles’ evidence.

Notwithstanding the judgments against Mr. Hryniak, the observations of Justice Grace regarding the involvement of Cassels Brock and Blackwell LLP and Mr. Peebles and the numerous attempts by the Plaintiffs to bring this matter to the attention of the Canadian authorities, the Plaintiffs are not aware of any investigations being conducted by Canadian authorities with respect to Mr. Hryniak or the involvement of Cassels Brock and Blackwell LLP and Mr. Peebles in the fraudulent scheme.

According to a court filing by Robert Hyrniak, he is now seeking to set aside the judgments against him on procedural grounds. The Plaintiffs, who have waited approximately ten years for this partial victory, are deeply troubled that a successful appeal by Mr. Hryniak may further delay their pursuit of justice or altogether prevent them from recovering the funds that were stolen by Mr. Hryniak.

These Plaintiffs and other American Plaintiffs who have been victims of fraud in Canada will be holding a press conference at the University Club of Toronto, 380 University Avenue, Toronto, Ontario, M5G 1R6, on June 22, 2011 at 3:00 PM (EDT) on the alleged targeting of American investors by Canadian residents and the inability or unwillingness of Canadian authorities to prevent fraud and to investigate and charge those who commit fraud.

Robert Hryniak
Robert Hryniak is a Toronto resident who holds himself out as the principal of Tropos Financial Corporation, Tropos Equities Corporation and Tropos Capital Inc.

Cassels Brock and Blackwell LLP

Cassels Brock and Blackwell LLP is one of Canada’s oldest and largest law firms headed by Ontario’s former Liberal Premier, The Honourable David R. Peterson. The firm also employs another former Ontario Premier, The Honourable Mike Harris, as a senior business adviser.

For background information, including the recent court decision and court documents, visit: http://www.brunovcassels.com.

Please note that the allegations contained in the Statement of Claim against Cassels Brock and Blackwell LLP and Gregory Jack Peebles have not yet been proven in a Court of law. However, the recent court decision found that Mr. Hryniak had committed fraud.

Gregory Jack Peebles

Gregory Jack Peebles is a former Managing Partner of Cassels Brock and Blackwell LLP and a senior commercial lawyer who was retained by Robert Hryniak. As shown in court documents, Mr. Hyrniak retained Mr. Gregory Peebles to draft the various agreements associated with Mr. Hryniak’s fraudulent scheme, and to meet with potential investors and hold in escrow and distribute investor funds. The funds which were held totalled millions of dollars.

The Plaintiffs

Court documents show that the many of the Plantiffs were elderly American citizens who lost their life savings to Mr Hyrniak’s fraud.

For more information about the court case or the press conference please contact:
Javad Heydary or David Alderson, Counsel for the Plaintiffs, Heydary Hamilton PC
Phone: 416-972-9001
E-mail: jheydary(at)heydary(dot)com
Email: dalderson(at)heydary(dot)com

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Javad Heydary
Counsel for the Plaintiffs, Heydary Hamilton PC
416-972-9001
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David Alderson
Counsel for the Plaintiffs, Heydary Hamilton PC
416-972-9001
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