One of Canada’s top purveyors of watery beers (this isn’t a diss, watery beers are actually quite nice sometimes) is accusing an ex-employee of skimming some foam off the top.
What happened: In a new lawsuit, beer giant Molson Coors Canada accused its former director of sales, Frank Ivankovic, alongside two vendors, of running an embezzlement scheme that siphoned at least $9 million from the company, per the Globe and Mail.
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The firms in question were owned by Larry Isaacs and his wife, Ellen Bacher. Isaacs is the president of the Firkin Group, which bills itself as Canada’s largest pub company, operating 21 (tacky) English-themed pubs, mostly across the GTA.
Zoom in: The suit claims that Ivankovic and two other workers he recruited approved fraudulent invoices charged to Molson Coors by the two vendors and pocketed a healthy portion for themselves.
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The company uncovered the alleged scheme after finding incriminating exchanges on Ivankovic’s work email (which is such a rookie embezzler mistake).
Why it matters: This suit is another headache for parent company Molson Coors, which has enough problems on tap as it tries to revive its flagging fortunes. The brewer has posted six straight quarters of declining sales and is laying off ~400 workers amid restructuring.—QH