Mortgage Fraud In Canada (Capitalisms: Fortress Official Trailer One)
Capitalisms Fortress, follows the stories of victims, fighting to get justice for losses, on a colossal scale, which took place between 2011 to 2018. Their stories highlight the human damage created by “regulatory gaps” (outlined by the Ontario Auditor General and later an Ontario government panel) in FSCO (Financial Services Commission of Ontario), the OSC (Ontario Securities Commission) and the LSC (Law Society of Ontario). Was it regulatory gaps or was it a cover-up, which allowed 14,000 Canadian investors to lose an estimated $912 million dollars to inflated, hyper complex and slickly marketed syndicated mortgage investments (SMIs)? Investors, many of whom lost their entire lifesavings, claim they were defrauded through obfuscation and deception by a cabal of crooked mortgage brokers, lawyers, and businesspeople. A whistleblower discusses watching the frauds in real-time but being hamstrung by legal and professional intimidation inside and outside the regulator. In 2018 Fortress Real Developments Inc. was raided by the RCMP, putting an end to years of alleged greed, deception, and dirty tricks.
https://www.newsload.ca/post/capitalisms-fortress
