CORNWALL Ontario – Is City Councilor Robert Brock Frost broke?
Sources have been telling CFN that Mr. Frost is hyper leveraged on many of his properties.
As a matter of fact at least one of the properties listed in his rental “portfolio” is in fact the residence of failed council candidate Guy St. Jean and his husband Charlie who are now in Florida.
Mr. Frost has stated that he will be donating his City Council salary to local charity, and it should be interesting to see if he honors that commitment.
Or will he be donating to his All the Kings People charity which really isn’t a charity, but a corporation with a sole director, one Robert Brock Frost.
Under a search for Canadian charities there is no listing for All the Kings People. Yet there has been fund raising and donations made under the auspices of the organization being a legal charity such as this event that was covered from one of my fave papers in the area, the Glengarry News.
All The King’s People, a local charity founded by River Kings owner Brock Frost, recently held its first event. A fundraiser was held for local mother Danielle Ouimet. In total, $608.25 was raised.
From the Freeholder:
The River Kings charity, All the Kings People, is teaming up with the Off Your Rocker Yuk Yuk’s comedy show for a night of laughs and fundraising, Nov. 27 at the Ramada Inn.
Tickets are $20, and proceeds from the show are going to be used to ensure children in the community have a good Christmas.
And from the Seaway News:
All The King’s People, run by the Cornwall River Kings and its booster club, will take its best shot at cancer during a multi-event fundraiser held across the city on Sunday, September 7.
That’s a lot of publicity for a charity that’s not registered.
CFN has also learned that Mr. Frost was convicted of a DUI several years ago.
Sources said that Mr. Frost has had to use private mortgage financing paying as high as 12% interest for some of his property buys with little to no equity. He has been seen at the Rental board dealing with tenant arrears issues.
With some property prices falling in the region (and Nicaragua) a cash crunch can impact many borrowers who are highly leveraged.
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