Mississauga lawyer dealing with costs in alleged actual property fraud

Mississauga lawyer dealing with costs in alleged actual property fraud
A Mississauga lawyer has been charged by Peel Regional Police after allegedly defrauding victims related to real estate transactions.Mississauga lawyer dealing with costs in alleged actual property fraud

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’s from Brampton and operates a regulation workplace in Mississauga, has defrauded victims associated to actual property transactions leading to losses of greater than $10 million.

In response to an Aug. 25 information launch, police say quite a few victims retained the companies of the lawyer to settle their actual property transactions between June and December of final 12 months.

Police allege that he obtained tens of millions of {dollars} in belief for actual property transactions to permit the victims to repay their excellent mortgages and that regardless of the victims’ quite a few requests, he allegedly didn’t allocate these funds towards the excellent mortgages.

Police say every sufferer has “suffered a major monetary loss.”

In response to police, on Aug. 24, he was arrested on an excellent warrant at Pearson Worldwide Airport upon returning to Canada. He has been charged with defraud the general public and breach of belief.

He appeared on the Ontario Court docket of Justice in Brampton and was held pending a bail listening to scheduled for Aug. 25.

The costs haven’t been confirmed in court docket.

Investigators imagine that extra victims might exist and anybody with data is requested to contact the Fraud Bureau at 905-453-2121, ext. 3335.

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