Mysterious gold bars in the heart of Highpoint Falls

An unbelievable history of gold bullion and tens of millions of dollars in investments would have caused the collapse of Solution Highpoint, that Montreal company in the cinema sector that is now in danger of being dismantled.

That’s what we learn from a recent report by Raymond Chabot, the bankruptcy trustee responsible, among other things, for shedding light on the sudden disappearance of hundreds of thousands — perhaps millions — of dollars from the coffers of the company, which until then had been funded by the National Bank of Canada (NBC).

As a reminder, in July the court urgently ordered the appointment of a receiver at the request of the financial institution. The latter has since promptly taken control of Solution Highpoint, fired the CEO and its chief financial officer, and put all of its assets up for sale.

Gold Brokers, Africa

The bankruptcy trustee’s report paints a portrait of a fast-growing company founded and owned by businessman Jean-François Dubé who, after borrowing heavily to fund his growth, was seduced by the promises of a businessman masquerading as “Gold Broker” issued. for African mines.

This man, a man named Pierre Gaston from Montreal, has made a verbal commitment to inject $100 million into his company in 2021. The proposal interests Mr. Dubé, despite the negative opinion of the BNC.

In addition to relieving significant debt (more than $11 million), among other things, it would allow it to buy out the stake of its fellow shareholder, the Culture and Communications Investment Fund.


Pierre Gaston, who promised the Montreal-based company investments in the tens of millions.

Photo from LinkedIn

Pierre Gaston, who promised the Montreal-based company investments in the tens of millions.

Millions are stuck in Toronto

The problem is that Pierre Gaston doesn’t really have the means. Those funds, he explains, would come from obtaining a bank line of credit up front in exchange for a guarantee being given for a hoard of 575 kilos of gold in bullion and $6 million in silver.

However, this treasure, which apparently arose from his brokerage activities on behalf of African mines with “European and Canadian banks”, has been stored at Lester B. Pearson Airport in Toronto for four years with no apparent possibility of access.

In this way, according to the Sequester’s report, Jean-François Dubé would have wanted to help Pierre Gaston certify and release these bars stuck in Toronto, against the unwritten promise that the latter would subsequently invest no less than $100 million in Solution High Point.

Travel and transfers in Ghana

In addition to providing a company car and paying for several trips to Africa, in the spring the National Bank discovered a series of withdrawals from Highpoint made between January and May 2022, all in favor of Pierre Gaston.

Overall, this is a “minimum” of $895,000 that Highpoint would have advanced or paid to the investor without notifying the National Bank. These payments, made without his knowledge, would have led to a significant and rapid deterioration in the company’s liquidity.

Jean-François Dubé and Pierre Gaston did not respond to our interview request. For its part, the National Bank declined our invitation, citing “legal proceedings”.

Investors interested in all or a portion of Highpoint’s assets have until September 12 to come forward. If all goes according to plan, all of those assets — including the contracts — will have found buyers by October.

– With Philippe Langlois of the Bureau of Investigation

Pierre Gaston, from helipad promoter to gold dealer

But who exactly is this Montrealer from the Saint-Henri area, apparently the owner of around fifty bars of gold stranded at Toronto’s Pearson Airport, and who would be involved in Solution Highspeed’s escape today?

to find out more The newspaper tried unsuccessfully to communicate with Pierre Gaston in the past few days. However, research has allowed us to confirm that the latter represents an atypical course.

For example, Montrealers may be surprised that Pierre Gaston is not only involved in precious metals trading, but is also the founder and largest shareholder of Héliport Montréal Centre-ville.

Despite the efforts made, this project, once hailed by Mayor Denis Coderre, has struggled for twelve years to see the light of day.

Almost empty accounts

His Linkedin profile also presents Pierre Gaston as a “calm and efficient leader”, co-founder of the Ingrid Betancourt Foundation, who has “worked in more than fifteen countries” (CARE, Red Cross, French Embassy) and is adept at “providing opportunities seize”. “to turn them into profit”.

However, during checks at the bankruptcy office, the National Bank found that Pierre Gaston had made use of the bankruptcy and insolvency law three times in recent years (1990, 2017 and 2019), which aroused his suspicions.

Raymond Chabot later determined that Solution Highpoint would have paid almost $1 million to Pierre Gaston or his import-export company in the first six months of 2022.

Funds that would have been sent to Ghana and Florida, at least in part, since then.

Eager to recover those sums, Raymond Chabot confiscated his company’s accounts at TD Bank this summer. However, on July 8, the balance on this account had dropped to $182.24.

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