Molson Coors Canada has accused former sales director Frank Ivankovic and other managers of embezzling millions of dollars in a fraud scheme that has led to losses totalling at least C$9m ($6.41m) since 2021. A lawsuit filed with the Ontario Superior Court of Justice alleges that Mr Ivankovic orchestrated the scheme by approving fraudulent invoices to two companies that then made secret payments back to Mr. Ivankovic and his wife. The company is seeking the return of the money received by the defendants, punitive damages and further damages for violations including fraud, conspiracy, breach of employment terms and unjust enrichment, plus legal costs.
