Timothy Durkin defrauded a would-be immigrant from China of $1 million by lying about the ownership of the Sooke Harbour House hotel and restaurant, a B.C. Securities Commission panel says.
Durkin said that by buying 40 per cent ownership of its shares, the woman would receive 40 per cent ownership of the hotel.At that time, the hotel was owned by a corporation whose shares were held by the Philip family, which bought the waterfront property in 1976 and expanded it. The hotel won international accolades and was renowned for using local ingredients.
Damages were to be paid by SSH Holdings and SSH Management, a management company operating the hotel. Durkin was the director of those companies, the B.C. Supreme Court judge said in his decision. Based on misleading or false information, the woman’s company signed an agreement with SHH and provided $1 million to buy the shares, the commission said.
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