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Thread: Former OHL club owner ready to take his ‘lumps’ for Ponzi scheme
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[quote=MARRIE,463251]He accepts his ego was too big and while he once revelled in his fat-cat status, Wise says he now believes unrestrained materialism is “not right” nor is the overarching importance of money in today’s world. “We have to have the $100,000 car when the $30,000 or $40,000, which is still a nice car, or $50,000 car, will do. We have to have the best … whether it be a type of watch, or one karat, two karat, four karat, whatever it is, ring. It is our ego.” He’s also learned wealth and position can be hollow. “It was amazing how much more handsome I was when I had money, or how many more friends I had who weren’t really friends.” -- William James Wise was born Jan. 11, 1951 in Cornwall to a Russian-born mother and father who escaped Nazi Germany. An only child, Wise lived in a hotel owned by his hard-working parents, who later bought and ran several travel agencies. Wise did his undergraduate degree at Queen’s University in nearby Kingston and went to law school in Windsor. He was called to bar in 1979 and returned to Cornwall where he specialized in real estate law. An ardent hockey fan, Wise bought the OHL’s Cornwall Royals in the ‘80s, the same decade he married and had a son. He also served two terms as an alderman, yet it rankles him that he is remembered as a man “who moved the Royals out of Cornwall” to Newmarket. “In fact I probably should be remembered as the person who kept it there five years longer than anybody else would,” he says. After the Newmarket OHL team proved a dud, Wise, his wife Lynn and their son moved to Raleigh, N.C. Wise, who had experience “incorporating companies offshore, opening bank accounts, getting people credit cards,” decided to open his own bank in 1999. [/quote]
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