April 16, 2018 (Courtesy of cbc.ca)The RCMP raided six properties in the Greater Toronto Area…
Almost a quarter of millennials think it’s okay to lie on mortgage applications, according to Equifax survey
Toronto (September 9, 2019) – The results of the most recent Equifax survey suggest that nearly a quarter of Canada’s millennials (23 per cent) think, it’s okay to lie about their income on mortgage appications. That is almost double the amount of the general...
Mortgage and vehicle sale fraud brings remorseful fraudster five-year prison term
Calgary (July 25, 2019) – Giovanni Bartolotti has been sentenced to five years imprisonment and to pay restitution of $161,665 for mortgage and vehicle sale fraud. Crown prosecutor Steven Johnston and defense counsel Peter Hoare offered a joint submission to the Court...
Alleged ‘shadow’ mortgage broker implicated in dozens of shady deals
Jan. 9, 2018 (courtesy of CBC.ca)- B.C. financial authorities have identified a woman accused of acting as a ‘shadow’ mortgage broker by feeding altered tax documents to licensed professionals on behalf of dozens of people who wouldn’t otherwise...
Edmonton man charged in $5.5 million Ponzi scheme
July 24, 2018 (Courtesy of CBC.ca) – Edmonton police say they have uncovered a multi-million dollar Ponzi scheme involving hundreds of fraudulent mortgage loans. Police allege Timothy Carruthers facilitated 257 fraudulent bridge mortgage loans worth a total of...
Allegations of inflated property values at centre of RCMP syndicated mortgage fraud investigation
July 19, 2018 (Courtesy of CBC.ca) -Inflated property values and the promotion of non-qualifying investments as being RRSP-eligible are some of the key allegations made by the RCMP in a search warrant application it filed to authorize an April raid on six Toronto-area...