Murder trial hears of Richard Oland's wealth, and son's mounting debts
While Dennis Oland was dealing with mounting debt in 2011, his father Richard was living the life of a multi-millionaire, travelling the world in pursuit of new sailboats and the pastimes he enjoyed.
The contrast between the lives of father and son is being presented in a Saint John courtroom where Dennis Oland is being tried for the second-degree murder of Richard Oland on July 6, 2011.
Crown prosecutors have told the trial, before judge alone, they believe financial stress was at the heart of the bludgeoning death of the 69-year-old multi-millionaire.
The prosecution case is that 50-year-old Dennis Oland killed his father ``in a rage'' following a disagreement over money.
Robert McFadden, an accountant and long-time business associate of Richard Oland, was on the stand Thursday, where he gave the trial a picture of the victim, a man he had known and worked with since 1980.
McFadden said Richard Oland's holdings were worth about $36 million at the time of his death and he was the owner and sole director of three companies dealing with investments and real estate.