Jack Kachkar

Kachkar was born in Damascus, Syria, to Armenian parents (Mihran Missak Kachkar; née Kachkarian). His parents were Armenians from Syria.

Jack Kachkar (born February 19, 1963).

Kachkar immigrated to Canada in September 1969 from Lebanon. He attended school and went to University of Alberta in Edmonton prior to transferring to Hungary, where he attained a medical degree, summa cum laude.

In 2005, the High Court in Ireland restricted Kachkar under the Companies Act: Mitek Holdings Ltd v Companies Act [2005] IEHC 63.[1] The order was upheld following an appeal to the Irish Supreme Court.[2]

Kachkar tried to purchase Olympique de Marseille football club in early 2007. Marseilles' boss broke off talks in March 2007 after the Canadian businessman asked for further due diligence required by his bankers to pay the €115,000,000 price for him to take over the former European champions.

From 2005 to 2007, Kachkar's pharmaceutical company, Inyx, allegedly faked paperwork that convinced Westernbank, a bank in Puerto Rico, to loan him $142 million. A federal court found Kachkar guilty of eight counts of wire fraud affecting a financial institution.[3]

A Key Biscayne, Florida, resident and the former CEO and Chairman of a now-bankrupt multinational pharmaceutical company was sentenced to 30 years in prison followed by five years of supervised release yesterday for his role his role in a $100 million scheme to defraud Westernbank of Puerto Rico (Westernbank). The losses triggered a series of events leading to Westernbank's insolvency and ultimate collapse.

References
  1. Ireland, Courts Service of. "Mitek Holdings Limited & Companies Acts : Judgments & Determinations : Courts Service of Ireland". www.courts.ie. Retrieved 2020-07-30.
  2. The Irish Times, "Canadian bidding for Marseille football club to appeal Companies Act restriction", January 30, 2007
  3. Iannelli, Jerry (2019-02-06). "Miami Drug Company CEO Guilty of Fraud So Large He Crashed a Puerto Rican Bank". Miami New Times. Retrieved 2020-07-30.
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