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Two Lawsuits Force Vinni to Pay $290,000

Fort McMurray, AB, Canada / MIX 103.7
Two Lawsuits Force Vinni to Pay $290,000

Councillor Allan Vinni is being ordered to pay over $290,000 in two separate lawsuits.

The first case dates back to 2011 where Vinni’s law office borrowed over $150,000 from Carmelo Daprocida and Proam Ventures Limited, with a six per cent interest, according to court documents obtained by Mix News.

The law office paid back $15,000 but ended payments to the plaintiff on December 16, 2015. The documents show Proam Ventures Limited asked numerous times for the loan to be paid back in full, the last on August 3, 2016.

The total amount owed, as of June 30, 2016, was $187,218, after interest. Vinni was ordered to pay $135,000, with his law office forced to pay the remaining $52, 218.

A year later, Vinni took out another loan. This time with a former client of his law firm, Thomas Blair, for the purpose of buying land.

Court records states, Vinni advised Blair to invest any disposable money with him saying his investment would be higher than any bank could offer.

The loan was initially for $56,000, $6,000 being interest-free. The remaining $50,000 had interest set at 4 per cent per month.

No money was ever sent to the Plaintiff, instead Vinni “wrote off” legal fees in exchange for not paying the interest rates.

As of November 1, 2016, the amount owed to Blair was $152,000, which Vinni has been ordered to pay.

Mix News contacted Vinni but have yet to receive a reply.

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