< Rent-to-own scam bilks renters out of thousands - Canadian Fraud News Inc. | Fraud related news | Fraud in Canada

Rent-to-own scam bilks renters out of thousands

A Toronto investigation has uncovered multiple people who have lost hundreds of dollars to a man charging people for his services in rent-to-own schemes.

RECO, the regulatory body for real estate in Ontario, has opened an investigation into Chris Parik after receiving complaints about Parik in 2016 and 2017 while he was registered as a salesperson under the Real Estate Business and Brokers Act.

In a statement, RECO alleges Parik operated an independent rent-to-own scheme out of York Region targeting people “who could neither afford, nor qualify to purchase a home.”

Six complainants have alleged Parik charged an initial fee of $595, failed to provide any further service, and then refused to return the fee – a total loss of more than $3,500 to the complainants.

Read more at CBC News

This article is summarized by Canadian Fraud News Inc.