Toronto Police Service Financial Crimes is requesting assistance identifying a woman investigators believe tricked a mortgage lender into providing a $1.3 million mortgage on a property she didn’t own.
It’s reported that in January 2016 the woman contacted a mobile mortgage specialist and applied for a $1.3 mortgage on a property. The specialist successfully found financing through a bank and a mortgage was registered on the home, the woman then received $1.3 million via her real estate lawyer.
The real homeowner reported the mortgage fraud after discovering the wrongdoing. The unidentified woman is now being investigated for using fake identification to personate the real homeowner.
Read more at Toronto Police
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.