CANADA
London Free Press
A Toronto chartered accountant testifying in court in London this week challenged the earning potential of three brothers at the centre of a sexual abuse lawsuit. Ian Wollach, an expert in forensic and investigative accounting, came up with much lower earning estimates for John, Ed and Guy Swales than an earlier expert witness.
London chartered accountant James Hoare earlier testified John Swales lost out on more than $1.1 million in past and future income he could have earned if he’d graduated from high school in 1976 and gone to full-time work.
The estimated income loss jumped to more than $1.8 million if Swales had completed a university degree.
Wollach came up with an estimate of $149,942 in lost earnings if Swales had completed high school and $680,128 if he’d completed university.
He said the rival calculations were so vastly different mainly because they were based on different assumptions.
Hoare assumed full-time employment for Swales while Wollach included full and part-time in his calculations.
