People

Troubled founder of Norcod, Maine salmon farming project escapes $2.6 million bankruptcy at last minute

The executive, who has had financial problems in the past, was able to reach a repayment agreement with one of the most powerful aquaculture executives in Norway.

Aquaculture investor Mikael Lade Roenes has faced a series of financial challenges in recent years, as well as allegations of fraud.
Aquaculture investor Mikael Lade Roenes has faced a series of financial challenges in recent years, as well as allegations of fraud.Archive photo: Sondre Transeth
BankruptciesFarmed salmonAmerican AquafarmsMaineNorcod
Published 22 January 2023, 22:33Updated 23 January 2023, 17:39