The bank accounts of Gen7 Fuel and its chain of Indigenous retail gas and convenience stores have been unfrozen following a recent court decision. Earlier this year, KPMG — the court-appointed monitor overseeing the insolvency of Gen7 Fuel’s former fuel supplier, Original Traders Energy (OTE) — froze bank accounts belonging to both the company and its Indigenous-run gas stations across Ontario , which the monitor was authorized to do through the ongoing insolvency proceedings. Gen7 Fuel has always contended that it should be exempt from a court order freezing all worldwide assets of Gen7 Fuel founder Glenn Page , who was also the target of a multi-million dollar lawsuit launched by OTE co-founders Miles and Scott Hill in 2022.
The lawsuit alleged that Page — along with his wife, Mandy Cox, and a number of Page's business associates — misappropriated millions of dollars from OTE to build the Gen7 Fuel brand while financing a luxurious lifestyle of private jets, exotic vacations and a $4-million yacht originally named ‘Cuz We Can.’ None of the allegations have been proven in court. In an affidavit filed as part of the insolvency proceedings, Page denies all the allegations against him, calling them "unfair and untrue.
" The non-Indigenous businessman responsible for founding the Gen7 Fuel brand is also being investigated by the Economic Crimes and Corruption Unit of the Ontario Provincial Police over a matter of missing computer data, as previously reported by SooT.
