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Wednesday, May 15, 2024

U.S court issues bench warrant for Greg Martel

Mortgage broker is believed to have left Thailand Aug. 30, after handing over assets to a group of U.S.-based creditors

If Victoria mortgage broker Greg Martel returns to Canada or the U.S., there’s a good chance he will be detained and brought before the courts.

Last week, a California bankruptcy court ordered the U.S. Marshall Service to recognize a bench warrant issued by the B.C. Supreme Court Sept. 11, and directed that the service apprehend Martel.

The Bankruptcy Court for the Central District of California made the ruling after hearing an application from PricewaterhouseCoopers, the receiver overseeing Martel’s bankruptcy. The receiver was asking the courts for emergency relief to recognize the Canadian proceedings and to put a hold on the disposal of any of Martel’s U.S. assets.

The court agreed to restrain Martel and his companies from disposing of any…

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