Oland in financial bind before dad’s death, but denies debt was motive to kill
SAINT JOHN, N.B. — Dennis Oland has denied his personal financial problems were a motive to kill his multimillionaire father, Richard, but there’s little doubt he was caught in a severe money crunch on the day his dad was beaten to death.
Oland, 51, told his second-degree murder trial on Friday he was shuffling around debt after several months of rising expenses and shrinking income from his job as an investment adviser.
“I agree it was tight,” Oland said during testimony at his trial for the murder of his father, former Moosehead Breweries executive Richard Oland.
Dennis Oland had bounced a payment on the collateral mortgage on his home — a property that had been in the Oland family for many years. As well, a monthly cheque for $1,667 on an earlier, interest-only loan from his dad for $500,000 had bounced the day before he visited his father in his Saint John office on July 6, 2011.