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SKIROULE
HISTORY PAGE 10
BE SURE
TO SCROLL ALL THE WAY DOWN THE PAGE TO
SEE
MANY ARTICLES ON
THE
SKIROULE SNOWMOBILE COMPANY HISTORY.
THE
ARTICLE SAYS SOME OF THE FOLLOWING....
JUNE
3, 1976
STRIKE
VOTE AT SKIROULE.
EVEN
THOUGH THERE ARE ONLY 18 WORKERS AT SKIROULE, ALL OF THEM VOTED FOR A STRIKE.
WE
KNOW THAT THERE WAS A MAJOR LAYOFF AT SKIROULE A MONTH AGO.
THERE
WERE ONLY 10 WORKERS PRESENT AT THE LAST MEETING.
THEY
WERE GOING OVER THE OFFER BY SKIROULE OF AN INCREASE OF 20 PERCENT OVER
A 3 YEAR PERIOD.
THE
WORKERS ARE ALSO DEMANDING THAT THEY BEEN GIVEN INCREASES RETROACTIVE TO
THE LAST DEAL 3 YEARS AGO.
THE
ARTICLE SAYS SOME OF THE FOLLOWING....
JUNE
30, 1976
PICKETING
AT THE SKIROULE PLANT.
IT
WAS YESTERDAY THAT THE PICKET LINES WERE DRAWN UP AND THE STRIKE WAS OFFICIALLY
STARTED AT SKIROULE.
THE
WORKERS HAD THE RIGHT TO STRIKE SINCE EARLY JUNE.
THE
LATEST EMPLOYER OFFER STILL STANDS. A 20 PERCENT INCREASE OVER 3 YEARS.
UNION
MEMBERS CONSIDER THIS OFFER AS INSUFFICIENT.
THE
ARTICLE SAYS SOME OF THE FOLLOWING....
SKIROULE,
THE TRUSTEE RESIGNS.
IN
A LEGAL PROCEEDING THAT HAS NO PRECEDENT IN QUEBEC, A TRUSTEE RETIRED IN
A PROPOSAL TO
DECLARE
A BANKRUPTCY FOR SKIROULE. HE RESIGNED AFTER JUST ONE DAY AFTER FINDING
OUT THAT
THERE
MAY HAVE BEEN AN ALLEGED
FRAUD COMMITTED AT SKIROULE.
WE
REMEMBER THAT MR HEBERT KAROL HAD PRESENTED A PROPOSAL FOR BANKRUPTCY ON
30 CENTS ON A DOLLAR.
THE
ARTICLE SAYS SOME OF THE FOLLOWING....
FRAUD
AT SKIROULE ?
AN
IMPORTANT OPERATION WAS CARRIED OUT BY QUEBEC POLICE YESTERDAY AT THE
SKIROULE
PLANT WHICH PRODUCES SNOWMOBILES WITH THE AIM OF UNCOVERING MAJOR FRAUD.
AT
THE SAME TIME YESTERDAY AT 10 A.M. SEARCHES WERE CARRIED OUT A LOT OF BANKS
SEIZING ALL
DOCUMENTS
PERTAINING TO SKIROULE. AT THE SKIROULE PLANT, SEARCH WARRANTS WERE PRESENTED
AT
THE
TIME OF THE SEARCH. THEY WERE INSTRUCTED TO SEIZE ALL BANK BOOKS,
GENERAL LEDGERS,
CASH
BOOKS THAT COULD SHED LIGHT ON AN ALLEGED
FRAUD. THE SEARCH WARRANT MENTIONS THE
SUSPICIONS
BROUGHT AGAINST THE DIRECTOR OF THE COMPANY MR HEBERT KAROL WHO WOULD HAVE
BEEN
CONTRARY TO ARTICLE 338 OF THE CRIMINAL CODE, THE BENEFICIARY OF FUNDS
TRANSFERRED TO HIM
AND
TO COMPANIES BELONGING TO HIM WHICH WOULD HAVE PUT SKIROULE IN A POSITION
OF BANKRUPTCY.
SUSPICIONS
OF FRAUD CONCERNS 500 THOUSAND DOLLARS AND DETERMINING IF FRAUD WAS COMMITTED.
WE
ALSO LEARNED A BANKRUPTCY PROPOSAL WAS ABOUT TO BE PRESENTED AT 30 CENTS
ON THE DOLLAR.
NO
BIDS ON THE SKIROULE FACTORY.
THE
ARTICLE SAYS SOME OF THE FOLLOWING....
NO
COMPANY OR BUSINESSMEN BID ON THE SKIROULE FACTORY.
WORD
CAME DOWN YESTERDAY THAT A COMPANY WAS GIVEN PERMISSION TO LIQUIDATE THE
EQUIPMENT.
THE
AUCTION WILL BE HELD IN ABOUT A MONTH FROM NOW.
THE
MAJORITY OF THE SALE WILL BE IN EQUIPMENT AND SNOWMOBILE MATERIAL.
THE
ARTICLE SAYS SOME OF THE FOLLOWING....
HUGE
3 DAY SALE AT THE SKIROULE FACTORY.
LIQUIDATION
OF ALL MACHINERY AT THE FACTORY.
SKIROULE
FACTORY.
THE
ARTICLE SAYS SOME OF THE FOLLOWING....
THE
GOODS GONE BUT THE BUILDING REMAINS.
THIS
WAS A SALE OF GOODS TO BE LIQUIDATED AT A
LATER DATE TO THE PUBLIC.
IT
IS IMPOSSIBLE TO OBTAIN THE PRECISE FIGURES ON THE SALE AT THE SKIROULE
FACTORY BUT
WE
ARE SATISFIED SAID ONE PERSON WHO WAS RESPONSIBLE FOR THE LIQUIDATION.
THE
EQUIPMENT WILL HAVE TO BE MOVED BY THE END OF MARCH AT WHICH TIME
THE
FACTORY WILL THEN BE EMPTY OF THE CONTENTS.
THE
AUCTION OF GOODS WAS HELD UNTIL LATE SATURDAY AND WAS EXPECTED TO BRING
IN
BETWEEN
4 AND 8 MILLION DOLLARS ACCORDING TO OBSERVERS CLOSE TO THE SKIROULE COMPANY.
ONE
THING IS CERTAIN, THE BUILDING IS NOT YET SOLD.
SKIROULE
FACTORY.
THE
ARTICLE SAYS SOME OF THE FOLLOWING....
AN
AUCTION OF 5 TO 6 MILLION DOLLARS THAT WE DO NOT SEE EVERYDAY.
THIS
WILL HAPPEN BY MID MARCH AT THE SKIROULE FACTORY AT WHICH TIME ALL OF THE
EQUIPMENT WILL BE SOLD.
4000
LOTS OF GOODS WILL BE PUT ON SALE.
THE
GENERAL PUBLIC WILL BE ABLE TO VISIT MARCH 11 TO 14.
THE
AUCTION WILL BEGIN MARCH 15 AT 9 A.M.
BANKRUPTCY
WAS DECLARED AFTER POTENTIAL
FRAUD WAS DISCOVERED WHICH COULD GO AS HIGH AS $ 800,000 DOLLARS.
THE
ARTICLE SAYS SOME OF THE FOLLOWING....
SKIROULE
AUCTION
THE
LAST LINE OF THE SALE SAYS THAT THERE IS APPROX.
$
500,000 DOLLARS OF SNOWMOBILE PARTS
AND ACCESSORIES.
AUCTION
AT THE SKIROULE SNOWMOBILE COMPANY
THE
ARTICLE SAYS SOME OF THE FOLLOWING....
THE
BIGGEST SALE OF ITS KIND HAPPENED AT THE SKIROULE FACTORY.
THERE
WERE BETWEEN 200 AND 300 BUYERS AT THE EVENT.
ALLEGED
FRAUD AT THE SKIROULE SNOWMOBILE COMPANY
THE
ARTICLE SAYS SOME OF THE FOLLOWING....
HERBERT
KAROL HAS JUST BEEN INDICTED IN THE COURTHOUSE IN DRUMMONDVILLE.
THE
COMPLAINTS WERE MADE AFTER A 11 MONTH INVESTIGATION.
THE
ALLEGED
FRAUD WAS BETWEEN 1974 AND 1976.
THE
SKIROULE SNOWMOBILE PLANT, WILL IT BE BOUGHT BY PEERLESS CARPET ?
THE
ARTICLE SAYS SOME OF THE FOLLOWING....
THE
SKIROULE PLANT WILL BE SOLD IN A MONTH OR TWO TO PEERLESS.
THEY
ALREADY HAVE A PLANT IN ACTON VALE, QUEBEC.
THE
SKIROULE PLANT WAS OWNED BY COLEMAN AND THEN SOLD TO HERBERT KAROL WHO
RESUMED THE
PRODUCTION
OF SKIROULE SNOWMOBILES BUT THEN HE CLOSED TO DOORS AND DEPARTED FOR THE
USA.
HERBERT
KAROL IS STILL UNDER INVESTIGATION BY CANADIAN AND USA POLICE FOR ALLEGED
FRAUD.
I COULD
NOT FIND ANYMORE INFORMATION ON
THE
ALLEGED
FRAUD WITH HERBERT KAROL.
I
DO NOT KNOW HOW THE CASE TURNED OUT.
IF
YOU ENJOYED THE HISTORY OF SKIROULE.
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