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Businessman charged with fraud in Newfoundland

July 5, 2021 – A businessman who has had his assets frozen by courts in Newfoundland and Labrador and Nova Scotia in relation to civil allegations of misconduct is now facing a criminal fraud charge.

Philip Chancey, scheduled for a first appearance at provincial court in St. John’s next week, is facing one count of fraud over $5,000. According to court documents, Chancey now lives in Dartmouth, N.S. His alleged victim is Jerome Groves.

Two years ago, Groves went public in an interview with CBC News, after filing a complaint against Chancey with the Royal Newfoundland Constabulary. Groves said he lost an estimated $50,000 in a business deal gone wrong with Chancey, related to a startup company for electric vehicle dealerships.

In a letter addressed to CBC News at the time, Chancey denied any wrongdoing and said he was still close to getting financing to start the business. Around the same time, Chancey was embroiled in a number of civil lawsuits filed against him and companies linked to him.

A Nova Scotia Supreme Court judge froze the assets of Chancey and his numbered company in 2018 after a New York firm sued over a deal involving construction equipment. CBC News reports. | READ MORE