More than $1 billion of investors’ money has likely been lost in syndicated mortgage investment schemes in Ontario alone according to David Franklin, a Toronto real estate lawyer.
The Financial Services Commission of Ontario (FSCO) lacks the knowledge and expertise needed to regulate syndicated mortgages stated certified fraud examiner Bill Vasiliou. “They don’t understand any of this,” said Vasiliou, “they don’t even understand their legislation.”
See more at CBC News at 6
Viewing time: 0:13-5:04
