BRATTLEBORO — A co-owner of Long Falls Paperboard has filed a whistleblower complaint with the Vermont Attorney General's Office, alleging another co-owner has committed fraud and deceit at the Brattleboro plant to profit himself.
However, stated Richard Normandin, managing partner at Long Falls, those allegations filed by Mike Cammenga "could not be more wrong."
"Long Falls Paper Products strenuously denies allegations made by Michael Cammenga of wrongdoing or deceit in its operations at the Long Falls paper products plant," states a document sent to the Reformer by Normandin's legal counsel, Tristram Coffin of Downs Rachlin Martin. "We are doing everything we can to keep this business as a surviving entity employing a dedicated workforce during extremely challenging times."
Long Falls owes $2 million to the Vermont Economic Development Authority, nearly $1 million to the Brattleboro Development Credit Corp., and nearly $4 million to MidCap Financial. Other documents received by the Reformer indicate Long Falls has lost $15 million over the past three years.
According to the response from Normandin, the paper plant is being supported by his Canadian company, Northrich, through additional collateral and guarantees to ensure ongoing support from VEDA and the Windham County Economic Development Program.
"[Long Falls Paperboard] is on the advent of releasing a structured repayment plan where all creditors will be offered payment in full over time," states the document,...
VMPLMohali (Punjab) [India], April 10: A new direct-to-consumer sports nutrition brand, No False Claims, has entered the Indian supplements market with a product line centered on ingredient transp...