Mississauga lawyer facing charges in alleged real estate fraud

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Police allege the 41-year-old man, who is from Brampton and operates a law office in Mississauga, has defrauded victims related to real estate transactions.

Peel Regional Police say a lawyer has been arrested and charged by investigators from the Fraud Bureau.

Police allege the 41-year-old man, who is from Brampton and operates a law office in Mississauga, has defrauded victims related to real estate transactions resulting in losses of more than $10 million.

According to an Aug. 25 news release, police say numerous victims retained the services of the lawyer to settle their real estate transactions between June and December of last year.

Police allege that he received millions of dollars in trust for real estate transactions to allow the victims to pay off their outstanding mortgages and that despite the victims’ numerous requests, he allegedly did not allocate these funds toward the outstanding mortgages.

Police say each victim has “suffered a significant financial loss.”

According to police, on Aug. 24, he was arrested on an outstanding warrant at Pearson International Airport upon returning to Canada. He has been charged with defraud the public and breach of trust.

He appeared at the Ontario Court of Justice in Brampton and was held pending a bail hearing scheduled for Aug. 25.

The charges have not been proven in court.

Investigators believe that additional victims may exist and anyone with information is asked to contact the Fraud Bureau at 905-453-2121, ext. 3335.

Information may also be left anonymously by calling Peel Crime Stoppers at 1-800-222-TIPS (8477), or by visiting peelcrimestoppers.ca.

This article was originally sourced by www.mississauga.com.