However, Belinda Stronach and Ossip counter with their own version of what has been happening. Belinda notes, “Today, at 86 years of age, Frank’s [Stronach] business judgment is not at all what it once was,” he claimed. “His refusal to let go of his failing business ventures has become financially disastrous. These ventures, combined with his excess spending, have eroded the net worth of both his family and Alon.”
It is unclear whether Ossip and Belinda Stronach are at fault for generating significant losses for the Stronach Group, or, whether this was simply the result of investments which underperformed. The suit is still ongoing and a verdict has yet to be determined.
