He attended school and went to University of Alberta in Edmonton prior to transferring to Hungary, where he attained a medical degree, summa cum laude.
Marseilles' boss broke off talks in March 2007 after the Canadian businessman asked for further due diligence required by his bankers to pay the €115,000,000 price for him to take over the former European champions.
From 2005 to 2007, Kachkar's pharmaceutical company, Inyx, allegedly faked paperwork that convinced Westernbank, a bank in Puerto Rico, to loan him $142 million.
According to evidence presented at trial, from 2005 to 2007, Kachkar served as chairman and CEO of Inyx Inc., a publicly traded multinational pharmaceutical manufacturing company.
Beginning in early 2005, Kachkar caused Westernbank to enter into a series of loan agreements in exchange for a security interest in the assets of Inyx and its subsidiaries.