Billionaire Michael G. DeGroote mentally unfit for battle

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Counsel for Michael D. DeGroote, one of Canada’s wealthiest businessmen and most generous philanthropists, say he is mentally unfit and no longer capable of representing himself in court.

The onset of dementia, intense chronic pain and long-term ailments chronicled by medical documents represent a tragic decline for a man once awarded the Order of Canada.

DeGroote has lost as much as $200 million in poor business deals, two-bit scams and frauds since 2007, court documents claim.

His medical records were filed in court as part of a legal fight over a $112-million casino operation that devolved into accusations of Mafia infiltration, death threats and fraud.

Read more at National Post

This article is summarized by Canadian Fraud News Inc.