The Ontario Court of Appeal has reinstated the revocation of John Abbott’s lawyer licence in a long-running disciplinary matter that has worked its way through the courts.
The ruling set aside a finding that upheld the reinstating of Abbott’s licence while simultaneously finding that he had knowingly participated in mortgage fraud.
The mortgage transactions in question happened over a four-month period in 2006-2007.
The court found Abbott had knowingly assisted in mortgage fraud in seven transactions, which amounted to approximately $625,000 in losses.
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This article is summarized by Canadian Fraud News Inc.
Deborah McCoy – Is an investigative journalist and has over 17 years of investigation experience in both the private and public business sectors. Since joining CFN, Ms. McCoy has become a true advocate for victims of fraud and increasing the public’s awareness in fraud prevention.