The founder of a B.C. mortgage investment company claims he was ambushed and illegally ousted as CEO in a move that left him personally liable for over $35 million in third-party debt.
Richmond-based Amber Financial Services Corporation already faces several lawsuits recently filed by investors who claim the company failed to pay back millions of dollars after its subsidiary backed a second mortgage on a troubled $50-million real estate development.
None of the claims have been tested in court.
In comments to Business in Vancouver last month, Amber Financial vice-president Cindy Liu blamed the wave of legal action on the company’s founder and former CEO and director, Yi Song,
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