The day before Richard Oland’s bludgeoned body was discovered in his investment firm office, his son’s $163,000 line of credit was overdrawn, his Visa account had a $32,000 balance on it and his investment account had a zero balance. That information coming out at the second-degree murder trial of Dennis Oland who is accused of killing his father.
With senior forensic accountant Eric Johnson on the witness stand, the trial hearing that Dennis Oland was making monthly payments of 4-percent interest on a $500,000 loan from his father for his divorce. On July 5, 2011 one of the cheques for $1666.67 was returned non-sufficient funds. At that time Dennis’ main CIBC account was overdrawn by $1135. A witness has testified that as of July 6, 2011 the combined total of Richard Oland’s companies was about $36-million.
The trial earlier heard that Dennis Oland was granted an advance of $8000 monthly for the months of June and July from his employer CIBC Wood Gundy for a total of $16,000.
After Richard’s death Dennis received $100,000 as co-executor of his father’s estate and was paid $50,000 as a trustee. Dennis was also appointed president of his father’s holding company.
This on day 33 of the murder trial. 65 days have been set aside. The trial resumes again on Monday afternoon at 1:30 at the Saint John Law Courts.
CHSJ News reporter Laura Lyall is covering the trial and has been live-tweeting the proceedings from the courtroom. You can follow along by going to the CHSJ News Twitter page or the Wave News Twitter page.
