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.
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.