On the fifth day of Daniel Bard’s financial crimes trial in Moncton, Herve Auclair gave more details about a loan structure Bard claimed was new to the finance market and being used by large investment companies around the world.
Herve Auclair says financial broker promised ‘credit enhancement’ plan would pay for itself
Katelin Belliveau · CBC News
· Posted: Jan 26, 2026 3:09 PM EST | Last Updated: 39 minutes ago
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Daniel Bard is on trial in Moncton for a second time on 19 charges, including fraud, theft and money laundering. (Katelin Belliveau/CBC News)
A man working for a northern New Brunswick company testified Monday that Daniel Bard pitched a multimillion-dollar loan plan to him as an “innovative” idea used by large U.S. investment companies such as Goldman Sachs.
Herve Auclair testified as Bard’s retrial in Moncton on 19 charges, including theft, fraud and money laundering, entered its second week.
The charges were laid in 2022. A that began last April ended in a mistrial because Bard’s lawyer had health concerns.
Auclair testified Monday that he used to manage projects for HIL Group,
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