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Dennis Oland retrial - Day 28

Dennis Oland's second-degree murder retrial in the 2011 bludgeoning death of his father Richard resumes in Saint John Tuesday when the Crown calls its next witness.

3rd & 7 37yd

I'm back in #SaintJohn court today for Day 28 of Dennis Oland's 2nd-degree murder retrial in the 2011 bludgeoning death of his father, multimillionaire Richard #Oland . Proceedings are scheduled to begin at 9:30 a.m., when the Crown calls its next witness. https://pbs.twimg.com/media/DynXAipWoAAHgqT.jpg">https://pbs.twimg.com/media/DynW9hrXQAU-JKP.jpg

by Bobbi-Jean MacKinnon via twitter 2/5/2019 1:20:11 PM
I'm back in #SaintJohn court today for Day 28 of Dennis Oland's 2nd-degree murder retrial in the 2011 bludgeoning death of his father, multimillionaire Richard #Oland . Proceedings are scheduled to begin at 9:30 a.m., when the Crown calls its next witness. https://pbs.twimg.com/media/DynXAipWoAAHgqT.jpg">https://pbs.twimg.com/media/DynW9hrXQAU-JKP.jpg

by Bobbi-Jean MacKinnon via twitter 2/5/2019 1:20:12 PM
Dennis #Oland retrial is in session. Crown prosecutor Derek Weaver calls John Travis to the stand (pictured here in 2015). He's a branch manager and investment adviser at CIBC Wood Gundy - where Oland used to work https://pbs.twimg.com/media/DypU1-0VYAAuHV_.jpg

by Bobbi-Jean MacKinnon via twitter 2/5/2019 1:37:50 PM
Dennis Oland murder trial day #28 . Morning begins with Dennis Oland’s former boss at investment firm CIBC Wood Gundy - John Travis.

by Robert Jones via twitter 2/5/2019 1:37:56 PM
Travis says Oland started with Wood Gundy in 1996 and had been with the firm 15 years at the time of the murder. https://pbs.twimg.com/media/DypV49MU0AA6wtP.jpg

by Robert Jones via twitter 2/5/2019 1:42:00 PM
Travis says he has known Oland for a "very long time...Longer than I can remember." Oland started at CIBC Wood Gundy around 1996. Travis was his manager.

by Bobbi-Jean MacKinnon via twitter 2/5/2019 1:43:18 PM
Travis also knew Dennis' father, Richard. Describes him as a family friend and former employer at Brookville Transport 1987-97. He was also a client at CIBC Wood Gundy.

by Bobbi-Jean MacKinnon via twitter 2/5/2019 1:48:02 PM
Travis says in 2011 Oland was not generating sufficient business to meet the pay “grid level” he was at from the previous year. Travis says advisors not generating income at expected levels were subject to financial “claw backs” at the end of the year.

by Robert Jones via twitter 2/5/2019 1:48:12 PM
Richard Oland was a client of Wood Gundy and had Dennis listed as his advisor. Travis says he was a “demanding” customer.

by Robert Jones via twitter 2/5/2019 1:50:22 PM
The office had a dedicated line for Richard Oland to "accommodate his needs," says Travis. He was a "demanding client...Very precise." His transactions were time sensitive and he "wanted the service he was paying for," he says

by Bobbi-Jean MacKinnon via twitter 2/5/2019 1:51:30 PM
In June Dennis Oland writes to Travis telling him he is on the verge of bringing in major business to the firm between August and September from his father and another investor of between $10 and $20 million.

by Robert Jones via twitter 2/5/2019 1:55:51 PM
However, he says between June and August he will be struggling for money and asks for a $16 ,000 advance on his pay.

by Robert Jones via twitter 2/5/2019 1:56:58 PM
Weaver introduces an email exchange between Dennis Oland and Travis from June 1, 2011, into evidence. (This is approx 1 month before Richard Oland was killed)

by Bobbi-Jean MacKinnon via twitter 2/5/2019 1:58:08 PM
Oland writes: "In the meantime, it does look like I'm going to struggle with cash for the next few months and as a result I wanted to revisit your offer to assist me to get through this crunch period...

by Robert Jones via twitter 2/5/2019 1:58:37 PM
Dennis says he had a "good chat with Dick" and "the timeline to see some funds flowing this way (to CIBC Wood Gundy) looks to have firmed up to the August/September time period."

by Bobbi-Jean MacKinnon via twitter 2/5/2019 1:58:44 PM
...Summer is usually slower for me so I am a bit concerned. From what I can see at this point, two months of financial help (June and July) would be very helpful and most likely all that is required."

by Robert Jones via twitter 2/5/2019 1:59:12 PM
In the meantime, Dennis says it looks like he's going to struggle with cash for the next few months and says he wants to "revisit" Travis' offer to help him through "this crunch period." He says 2 months ought to do it - June & July

by Bobbi-Jean MacKinnon via twitter 2/5/2019 2:00:38 PM
Between that June 1 email and Richard's death on July 6, 2011 - did any further funds flow to CIBC from Richard Oland? asks Weaver. Not that I'm aware of, says Travis.

by Bobbi-Jean MacKinnon via twitter 2/5/2019 2:01:54 PM
Travis discusses the issue with his superior and an agreement is reached to advance Dennis $16 ,000 in two $8 ,000 monthly amounts.

by Robert Jones via twitter 2/5/2019 2:04:16 PM
In the email chain, Travis asks Dennis to outline how much assistance he might require. Dennis says minimum $7 ,500 per month. Says he has $4 ,300 spousal/child support payments, $1 ,650 loan payments ($1 ,666.67 to his father), plus cash needs for basic living expenses.

by Bobbi-Jean MacKinnon via twitter 2/5/2019 2:06:18 PM
Last week Richard Oland’s accountant and business associate Robert McFadden said Oland had in the range of $1 million on account at Wood Gundy at the time of the murder, about 3% of his holdings.

by Robert Jones via twitter 2/5/2019 2:07:26 PM
Dennis says the "ideal amount" would be $8 ,500 but he will be grateful for any amount that can be provided. CIBC agreed to give him an advance of $8 ,000 per month, says Travis

by Bobbi-Jean MacKinnon via twitter 2/5/2019 2:08:58 PM
On June 14, Dennis emails Travis again. Says he only received about $4 ,000. Asks Travis to look into it for him. On June 15, Dennis emails Travis again. Says he's "becoming a bit nervous" the pay mix up won't be resolved that day.

by Bobbi-Jean MacKinnon via twitter 2/5/2019 2:14:23 PM
On June 14, Oland sends Travis an email, saying the first $8 ,000 instalment is flawed and he only received a net payment of $4 ,429.02. He asks Travis to look into the matter.

by Robert Jones via twitter 2/5/2019 2:15:57 PM
Dennis says it's "essential" the correct funds be in his bank account. Says his support payment of $4 ,230 and $1 ,650 loan payment are both due that day and both are set up to be automatically withdrawn. "I do not wish to have these bounce," he says

by Bobbi-Jean MacKinnon via twitter 2/5/2019 2:20:36 PM
Travis is not able to fix the problem immediately and the following day -June 15 - three weeks before the murder Oland writes a second email to Travis saying he needs the money right away to cover spousal support and a “$1 ,650” loan payment.

by Robert Jones via twitter 2/5/2019 2:20:59 PM
"I am becoming a bit nervous that this issue will not be resolved today. It's essential that the correct funds be placed in my bank account today so that I can honour my commitments that are due today.”

by Robert Jones via twitter 2/5/2019 2:21:47 PM
The $1 ,650 loan payment is an apparent reference to monthly $1 ,667 per month interest payments Oland owed his father.

by Robert Jones via twitter 2/5/2019 2:25:10 PM
Defence lawyer Alan Gold now asking questions.

by Robert Jones via twitter 2/5/2019 2:26:01 PM
Travis emailed Dennis the NEXT day, assuring CIBC Wood Gundy would "process a top up ASAP" and that he'd let him know when it was done.

by Bobbi-Jean MacKinnon via twitter 2/5/2019 2:26:37 PM
Is it true Dennis Oland’s “book of business” was worth between $200k and $300k in 2011? Yes. And this book of business is an asset that Dennis could have sold to another broker? Yes.

by Robert Jones via twitter 2/5/2019 2:28:17 PM
Weaver is done questioning Travis. Defence lawyer Alan Gold is handling cross-examination. Asks about the elevator at the office. After business hours, after 5 p.m., you need a pass card to operate it? Yes, says Travis.

by Bobbi-Jean MacKinnon via twitter 2/5/2019 2:28:59 PM
The request by Dennis of an advance was following up on a previous offer you made to him? Yes. Is it true historically Dennis made more in August and September than in the summer months? Yes.

by Robert Jones via twitter 2/5/2019 2:32:01 PM
When Dennis was interviewed by police on July 7/11, the day his father's body was discovered, about visiting his father at his office the night before, he said he made 2 trips. He said 1st trip, he realized he had forgotten some genealogy documents he wanted to show him at CIBC

by Bobbi-Jean MacKinnon via twitter 2/5/2019 2:33:23 PM
Said he drove back to work, then realized he didn't have the pass card he needed to access the elevator, so he just went back to his father's office with the documents he did have

by Bobbi-Jean MacKinnon via twitter 2/5/2019 2:34:41 PM
Have other investment advisors taken advantage of advances like this? They have. This kind of business has fluctuations in income that some employees need help with from time to time? Yes.

by Robert Jones via twitter 2/5/2019 2:35:15 PM
You did not take the suggestion from Dennis that he had big deals to bring $10 million to $20 million to the firm as a guarantee this would happen. No. And this $16 ,000 advance on pay was not tied to any guarantee this new business would happen? No.

by Robert Jones via twitter 2/5/2019 2:38:48 PM
True Dennis Oland's book of clients, his "book of business" was worth $200K -300K, maybe more? asks Gold. "Correct," says Travis. Could have been recruited away by a rival firm with it/sold it to another adviser when he retired? Yes. Asset for him that had considerable value? Yes

by Bobbi-Jean MacKinnon via twitter 2/5/2019 2:42:48 PM
Gold asks about the email exchange where Dennis requested an advance on his pay. Email says he "wants to revisit your offer." so you had previously offered? Yes, says Travis. He believes it was in May. And he did not accept that offer? asks Gold. Not at that time, he says

by Bobbi-Jean MacKinnon via twitter 2/5/2019 2:45:11 PM
Richard was a mentor to you? asks Gold. Yes, says Travis. True he would "invade your space" when he spoke to people - get in close, touch your back, grab your shoulder? Yes.

by Bobbi-Jean MacKinnon via twitter 2/5/2019 2:47:33 PM
True it was to such a degree you warned him once when you still worked for him to give clients their space? asks Gold. I did, says Travis.

by Bobbi-Jean MacKinnon via twitter 2/5/2019 2:48:48 PM
This is Gold pushing the defence's argument that the bloodstains and DNA matching Richard Oland's profile found on Dennis' brown sports jacket could have been "innocent transfer." https://pbs.twimg.com/media/Dypll2jWsAITEa2.jpg

by Bobbi-Jean MacKinnon via twitter 2/5/2019 2:50:33 PM
Court has seen several photos of Richard socializing, as described. https://pbs.twimg.com/media/Dyplsv2V4AAhT39.jpg

by Bobbi-Jean MacKinnon via twitter 2/5/2019 2:51:36 PM
Gold introduces an email from Dennis to Travis&others dated July 10/11- 3 days after his father's body was found. "We r in need of a Navy Blazer sized 38 or 40 for Andru for the 2pm visitation. If one can be found and delivered to my house prior to 1pm today we would be grateful"

by Bobbi-Jean MacKinnon via twitter 2/5/2019 2:54:25 PM
The court has heard Dennis' brown sports jacket - the one he wore when he visited his father at his office the night he was killed - was taken to be dry cleaned the morning after he was questioned by police, along with other clothing items.

by Bobbi-Jean MacKinnon via twitter 2/5/2019 2:56:48 PM

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