A former mortgage broker from Hamilton, Ont. who is already facing sexual assault and numerous fraud-related charges is now dealing with two new counts.
Dennis (Dinesh) Khanna was charged with two additional counts of fraud over $5,000 last week. He is also accused of charging a criminal rate of interest.
The new fraud charges come amid an ongoing investigation involving multiple agencies and police services into his business practices.
The Financial Services Tribunal announced in May that it would not reissue Khanna’s mortgage broker licence or renew the license of his company, Metro Financial Planning Ltd.
The tribunal found: “Mr. Khanna forged and falsified documents and registered fraudulent mortgages on title. He has shown a flagrant predisposition for deceit and dishonesty in every aspect of his business. In conducting his business he has preyed upon vulnerable borrowers in financial and personal distress to his own advantage.”
Read more at The Spec
This article is summarized by Canadian Fraud News Inc.
Marina Burghard writes for Canadian Fraud News about fraud-related cases, whistleblower, jurisdiction, identity theft, consumer protection, etc. – essentially about scams and how to protect yourself against this kind of fraudulent criminal behavior. She holds a Master’s degree in Political Science where her interest in criminology grew. Besides fraud, Marina’s scientific interest lies in terrorism, extremism and how to deal with it as a society.