Under threat, Accurso owes $107 million

Under threat, Accurso owes 7 million

Who can blame Tony Accurso? As his family was targeted in yet another threatening crime spree yesterday, the fallen businessman claims he is more than $107 million in debt, our Bureau of Investigation has discovered.

• Read more: Tony Accurso’s daughter’s house burned down

• Read more: The house of the son of former businessman Tony Akrso was riddled with bullet holes

• Read more: Shooting near Accurso clan

Tony Accurso’s daughter’s house, opposite her father’s, was completely destroyed early yesterday morning. Police did not want to give the cause of the fire, but indicated that traces of accelerator were found at the site.

This is the fourth crime spree since this summer to target the usually quiet residential area of ​​Deux-Montagnes on Montreal’s North Shore. Another suspicious fire and several gunshots were reported there.

The fire broke out around 3:30 a.m. Tuesday at the home of Tony Accurso's daughter.  The house caught fire and the roof collapsed.

Photo by QMI Agency, Maxim Deland

The fire broke out around 3:30 a.m. Tuesday at the home of Tony Accurso’s daughter. The house caught fire and the roof collapsed.

Of course, behind the scenes, Tony Accurso says he owes a lot of money to a lot of people. He recently took steps to settle with his creditors under the Insolvency and Bankruptcy Act.

According to documents we consulted, Accorso calculates liabilities of $107 million against assets of less than $10 million.

The man who once owned a business empire with nearly $1 billion in annual revenue had already secured his companies from their creditors in 2020.

This time, the actions taken by the entrepreneur under the bankruptcy law are done on an individual basis.

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Million dollar wine cellar

According to its trustee Raymond Chabot, Accurso claims to own two residences in Deux-Montagnes that are worth nearly $7.9 million. His wine collection is estimated at $1 million.

However, these luxury items pale in comparison to the former construction magnate’s impressive debts.

Accurso notes, for example, that $51 million is owed to revenue agencies in Quebec and Canada, $34 million to the city of Montreal, and $13.5 million to the city of Laval.

Steve Geist is an accountant at General - Tony Accurso

Photo by QMI Agency, Pascal Girard

He can’t even pay his municipal taxes and school taxes to the city of Deux-Montagnes.

Live on $50,000 a month

His financial problems, according to him, were due to “government contributions” he contested and “numerous cases of fraud, collusion and corruption related to the acquisition of certain contracts”.

He says he needs about $50,000 a month to survive.

At the same time, Accurso was sentenced to four years in prison for participating in a fraud scheme led by the former mayor of Laval Gilles Vaillancourt, a sentence he is trying to appeal to the Supreme Court against.

In collaboration with Philippe Langlois

bullied many times

Since this summer, threats have continued to pile up against Donnie Accurso’s family and their residences in the same area of ​​Deux-Montagnes.

  • In early July, a vehicle was the target of an arson attack in front of her son Giovanni’s residence.
  • On August 24, a neighbor’s house was the target of gunfire. Casings were found on the ground, and projectile impacts were found on buildings and vehicles.
  • Two days later, in the middle of the night, about ten shots reached the residence of Akrso’s son.
  • A suspicious fire broke out at a house owned by Tony Accurso’s daughter, Lisa, Monday night. The home was unoccupied and no one was injured.

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