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Mounting lawsuits, nervous investors and the search for Chanrith Yin


For years, London retiree Sofia Smith trusted London financial adviser Chanrith Yin to do her taxes.
Smith was careful with her money. Retired from a variety of jobs and a widow, she collected two pensions and had some money tucked away.
When she and Yin discussed an opportuity to invest $100,000 in a private mortgage for a Komoka home in February 2019, the trust he’d built up and the eight per cent return he promised convinced her to sign the deal, Smith says.
Under the terms of the contract, dated Feb. 21, 2019, and reviewed by The London Free Press, Smith was to receive $8,000 in interest to be paid in 12 monthly instalments from Nobis Group Property Management, which Ontario corporate records show is Yin’s company. ....

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Holiday Inn Johnstown Closing


Holiday Inn Johnstown Closing
1:01 am
Officials with the Holiday Inn in downtown Johnstown announced that effective Sunday at noon, the hotel will temporarily close and suspend all operations.
Michael Barletta, president of Pasquerilla Enterprises, says that the closure is due to a lack of occupancy caused by COVID-19.
“With COVID-19 cases rising, citizens ordered to stay home and businesses ordered to close again, the travel industry has seen an unprecedented drop in occupancy rates. The economic impact is immeasurable. We have yet to bounce back from the original travel restrictions set in the spring and we are incredibly disappointed to close the hotel again.” ....

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