The saga of alleged financial fraudster Greg Martel took another turn Thursday when Martel was put into personal bankruptcy during a hearing in B.C. Supreme Court in Victoria.
The bankruptcy will help smooth the way for the receiver in the case, PricewaterhouseCoopers, to recover assets owned by Martel in order to pay back some of the money lost by jilted investors.
The main targets are a mansion in Las Vegas, a house in Langford near Victoria, and an Ontario cabin he co-owns with a former spouse which combined could recoup around $4 million dollars, a small fraction of the almost quarter of a billion he owes.
Meanwhile, an application will be brought
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