A Niagara Region man has admitted to defrauding two Ontario entrepreneurs of $52,000 after promising them millions of dollars in financing if they paid him a fee.

Peter Corbière, 67, pleaded guilty to two counts of fraud over $5,000, in Goderich court earlier this year and St. Catharines in 2024.

He's set to go to trial for a third set of fraud charges in November.

CBC Hamilton first reported on Corbière's conduct in 2018, when at least nine business owners spoke out about a troubling pattern. He'd offer them huge loans in exchange for a lender's fee sent directly to his companies, but would never deliver the financing and still keep the fee.

This is what happened to Don Nott, a former farmer, who in 2016 was starting a new business to turn old farm plastic into reusable plastic, a

See Full Page