On January 3rd, 2020- Gregor Flavell– The CEO and Fund Manager for Ocar Capital Group, and Ocar Energy LLC was arrested by Toronto Police and charged for Criminal Harassment against one of his funds Investors, who he was also convicted of defrauding Civil Court four years earlier.
In late 2016, Flavell and his Ocar companies were ordered by the Superior Court of Ontario to pay over $500,000 in damages, interest, and legal costs for monies he stole from his Fund’s Investors, and to date Flavell has defied multiple Court Orders and has refused to make any payments to those he defrauded.
Flavell who is 46 years old and resides in an upscale condo in Toronto’s Forest Hill, is facing multiple civil Contempt of Court Orders and now Criminal charges for his actions against his investors—which may result in Flavell being ordered to serve jail time from two different courts.
“It is not that often you see a Defendant ordered to serve jail time for Contempt of a Civil Order, even the most unscrupulous defendants tend to cooperate” says Michael A. Smith, Legal Counsel for one of the defrauded Investors.
“For a Defendant to be facing jail time in Civil and Criminal Court is highly unusual. The fact that Mr. Flavell has put himself in this predicament speaks volumes about his character.
In court documents obtained by the Freedom of Information and Protection of Privacy Act Flavell claims he is financially destitute and unable make to any payments to the defrauded investors.
Although the shares for the Ocar Fund managed were valued at over $2 Billion in 2012, Flavell has stated under oath in a court examination that he has not earned any income in years, does not own any property or possess any credit cards or bank accounts in Canada, and in over 7 years he has not filed any Personal or Business Taxes.
When Flavell was asked in the same examination how has he been maintaining his expensive lifestyle living in downtown Toronto, Flavell disclosed that his Common-Law Partner Amanda Karahanas paid all his living, medical, travel and social expenses. He had no source of income and relied completely on Amanda for financial support. Flavell has never applied for unemployment benefits or declared bankruptcy.
Flavell further stated that Amanda, who was in her thirties, was financially retired after earning a large pay out from her time working for the Teacher’s Pension Fund in 2015. Amanda is also an avid Yachtsmen who enjoys a lavish lifestyle and races her boats yearly across North America from Nova Scotia to Miami.
Lawyers representing the defrauded Investors believe that the coincidence of Flavell becoming financially destitute and Amanda becoming wealthy and retiring in her 30’s unbelievable and preposterous.
In 2019, Amanda Karahanas and her Mother Geraldine Karahanas were named in a lawsuit the Fraudulent Preferences Act for alleged conspiracy to launder money and assets for Gregor Flavell. The Karahanas are defending the claim and deny all charges.
Flavell is accused of terrorizing the Investor’s family by making weekly after midnight drunken phone calls with messages of profanity to their home over a three-month period in the winter of 2019. The Police report states that one-night Flavell forgot to block his phone number when he called the investors home at 2am, which ultimately led to his arrest. There were five calls made to the home, three from a private number and two from Flavell.
Since Flavell has been criminally charged and arrested, the victimized family confirm that they have never received any late-night crank calls again. The Toronto Police released Flavell on promise to appear and issued a Peace Bond with the conditions that he no way contacts the family again. Failure to adhere to the conditions of the Peace Bond will result in him being immediately arrested and imprisoned.
Flavell denies the charges, and his Criminal Court date is scheduled for late 2020.
Ocar Capital Group Inc Reviews
On January 3rd, 2020- Gregor Flavell– The CEO and Fund Manager for Ocar Capital Group, and Ocar Energy LLC was arrested by Toronto Police and charged for Criminal Harassment against one of his funds Investors, who he was also convicted of defrauding Civil Court four years earlier.
In late 2016, Flavell and his Ocar companies were ordered by the Superior Court of Ontario to pay over $500,000 in damages, interest, and legal costs for monies he stole from his Fund’s Investors, and to date Flavell has defied multiple Court Orders and has refused to make any payments to those he defrauded.
Flavell who is 46 years old and resides in an upscale condo in Toronto’s Forest Hill, is facing multiple civil Contempt of Court Orders and now Criminal charges for his actions against his investors—which may result in Flavell being ordered to serve jail time from two different courts.
“It is not that often you see a Defendant ordered to serve jail time for Contempt of a Civil Order, even the most unscrupulous defendants tend to cooperate” says Michael A. Smith, Legal Counsel for one of the defrauded Investors.
“For a Defendant to be facing jail time in Civil and Criminal Court is highly unusual. The fact that Mr. Flavell has put himself in this predicament speaks volumes about his character.
In court documents obtained by the Freedom of Information and Protection of Privacy Act Flavell claims he is financially destitute and unable make to any payments to the defrauded investors.
Although the shares for the Ocar Fund managed were valued at over $2 Billion in 2012, Flavell has stated under oath in a court examination that he has not earned any income in years, does not own any property or possess any credit cards or bank accounts in Canada, and in over 7 years he has not filed any Personal or Business Taxes.
When Flavell was asked in the same examination how has he been maintaining his expensive lifestyle living in downtown Toronto, Flavell disclosed that his Common-Law Partner Amanda Karahanas paid all his living, medical, travel and social expenses. He had no source of income and relied completely on Amanda for financial support. Flavell has never applied for unemployment benefits or declared bankruptcy.
Flavell further stated that Amanda, who was in her thirties, was financially retired after earning a large pay out from her time working for the Teacher’s Pension Fund in 2015. Amanda is also an avid Yachtsmen who enjoys a lavish lifestyle and races her boats yearly across North America from Nova Scotia to Miami.
Lawyers representing the defrauded Investors believe that the coincidence of Flavell becoming financially destitute and Amanda becoming wealthy and retiring in her 30’s unbelievable and preposterous.
In 2019, Amanda Karahanas and her Mother Geraldine Karahanas were named in a lawsuit the Fraudulent Preferences Act for alleged conspiracy to launder money and assets for Gregor Flavell. The Karahanas are defending the claim and deny all charges.
Flavell is accused of terrorizing the Investor’s family by making weekly after midnight drunken phone calls with messages of profanity to their home over a three-month period in the winter of 2019. The Police report states that one-night Flavell forgot to block his phone number when he called the investors home at 2am, which ultimately led to his arrest. There were five calls made to the home, three from a private number and two from Flavell.
Since Flavell has been criminally charged and arrested, the victimized family confirm that they have never received any late-night crank calls again. The Toronto Police released Flavell on promise to appear and issued a Peace Bond with the conditions that he no way contacts the family again. Failure to adhere to the conditions of the Peace Bond will result in him being immediately arrested and imprisoned.
Flavell denies the charges, and his Criminal Court date is scheduled for late 2020.