Economics

Canadian billionaire at centre of bizarre Mafia and fraud accusations after failed Caribbean casino deal

Canadian billionaire at centre of bizarre Mafia and fraud accusations after failed Caribbean casino deal

Glenn Lowson/NP/Files Billionaire Michael DeGroote is accused of consorting with mobster Vito Rizzuto. A bitter dispute over a US$112-million investment in Caribbean casinos has placed Michael DeGroote, one of Canada’s wealthiest businessmen, at the centre of bizarre accusations of Mafia exploitation, death threats and fraud. Mr. DeGroote, 81 – hailed as a self-made billionaire who was…