An Ontario provincial tribunal ruled Tuesday that a Hamilton mortgage broker acted dishonestly, forged documents and preyed on desperate borrowers, and therefore should not be granted another mortgage broker’s licence.
The provincial regulator denied Dennis Khanna’s licence and revoked his company after finding his behaviour reprehensible.
“He has shown a flagrant predisposition for deceit and dishonesty in every aspect of his business,” the tribunal’s decision said. “Mr. Khanna’s conduct seriously calls into question his integrity, honesty, and law-abiding nature.”
The tribunal determined that rejecting Khanna’s application for a mortgage broker’s license was “the only outcome that [would] adequately protect the public.”
Read more at CBC News
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.