NHL prospect's father accused of embezzling $9.1 million from Molson Canada

Molson Canada's parent company Molson Coors has accused former sales director Frank Ivankovic of "overseeing a complex scheme to defraud the company of many millions of dollars."

Ivankovic is the father of Nashville Predators draft pick Jack Ivankovic. The 18 year old goaltender was taken in the 2nd round, 58th overall in last year's 2025 NHL Entry Draft. He's currently in his freshman season with University of Michigan with an impressive 13 wins in 16 starts.

In documents filed Wednesday in Ontario Superior Court, the brewing giant states that Ivankovic “deceitfully exploited his authority within the company” to approve fraudulent invoices from shell companies that funneled payments back to him and his wife Kelly O'Brien-Invankovic.

Molson Coors alleges that Ivankovic has drained nearly $9.1 million into his personal accounts since 2021.

Ivankovic resigned from his position with Molson last month amid an internal investigation against him for the missing funds.

In their filings, the company stated that they first became suspicious of Ivankovic in late 2024 when they discovered an email from Ivankovic’s bank asking him to spell out the source of deposits topping $276,000 from shell companies Letz Go and 466 Ontario to a personal account he held with his wife.

On Dec. 28, Ivankovic texted his accountant asking for help with “bullet points” for his reply. “The accountant assisted Ivankovic with the response to the bank, and then told Ivankovic to ‘tell the bank to f— off,’” the lawsuit states.

Molson went on to find in his email account an Excel spreadsheet that tracked his “fraudulent transactions” with Letz Go and 466 Ontario, the plaintiff alleges.

Ivankovic and his wife received more than $4,279,000 in misappropriated Molson funds from the two companies since 2021, according to the filings.

The accusations include fraud, conspiracy, breach of fiduciary duty and unjust enrichment.

Molson Canada is calling for millions of dollars in damages.