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Montreal. Madoff scandal hits Quebec ski-hill operator
News ServicesFebruary 9, 2009
Phillip Robinson has had better years.
His Gray Rocks hotel and ski hill in Mont-Tremblant, Que., will be shut down in March after multi-year losses totalling more than $5 million, cold weather has kept the crowds thin at his other hill, Mont-Blanc, a $1.2-million real-estate transaction has just fallen through, and a company he owns lost more than $4 million in the Bernard Madoff affair.
"I've been fighting dragons every day of my life for the last 60 years," said Robinson, 79. "This is just more dragons to fight."
He figures the family losses probably total about $13 million.
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S.E.C. Report Details Lapses i
