An Alberta Provincial Court judge found ex-mortgage broker Brandon Antinini guilty of 13 counts of fraud and 10 counts of theft in a multi-million dollar case for duping investors into false bridge financing.
Calgary police said Antonini and lawyer Floyd Campbell defrauded seven property owners through mortgage bridge financing between June to December 2012. “Investors provided funds with the understanding that the money would receive their initial investment back plus interest. However, the lawyer left the province and most of the money paid by investors went missing.”
Antonini applied to withdraw his mortgage broker license from the Real Estate Council of Alberta (RECA) in April 2014, police said. At the time of his application, he was the subject of conduct proceedings.
Read more at Mortgage Broker News
