VOSMI

We are Victims of Syndicated Mortgage Investments. We are victims of the Largest Mortgage Fraud in Canadian History.

[RCMP in Ontario @RCMPONT]

The Royal Canadian Mounted Police (RCMP) – Federal Policing, Central Region (Ontario) is announcing the conviction and sentence of Jawad Rathore and Vincenzo Petrozza, the “operating minds” of Fortress Real Developments Inc. This was a complex, multi‑year investigation conducted by the RCMP’s Toronto Integrated Market Enforcement Team (IMET).

To read more 🔗https://t.co/Nn4sLE3RpS

#OntarioRCMP #PublicSafety

[Ron Butler @ronmortgageguy]

On CTV breaking down the SkyCity Condo fraud🏙️🚨

[VOSMI @VOSMI1]

Justice D Moore’s reasons for Sentence - R V Rathore & Petrozza

https://t.co/kz9Csaf3br

#fortressrealdevelopments #fraud #whitecollarcrime @FortressRDI

[VOSMI @VOSMI1]

@BenRabidoux They also recv another 5 yrs if they fail to repay their fine. Plus, they have a prohibition order sec 380-prevented from holding empl or volunteering in roles that involve managing money, property, or securities for others. (Though they had a a securities ban already fr OSC)

[Alexandra Posadzki @alexposadzki]

The co-founders of now-defunct mortgage company Fortress Real Developments Inc. have been sentenced to five years in prison and ordered to pay $12.2-million each. Their lawyers have filed an appeal and are seeking bail pending appeal. Story coming soon.

[VOSMI @VOSMI1]

@piyushtoronto Please remove this comment. Not appropriate.

[VOSMI @VOSMI1]

Sentencing for Jawad Rathore & Vince Petrozza scheduled for Monday Feb 2. Stay tuned.

[The Globe and Mail @globeandmail]

Crown to seek 10 years jail time, $26-million forfeiture in Fortress Real Developments case https://t.co/hfaZnxWpTQ

[VOSMI @VOSMI1]

@SeanFraserMP What about White Collar Crime? When sentences are too lenient, there is no deterrent. If they connit fraud for millions of $, what’s a couple of yrs in jail? Case in point is Fortress Real Developments charged this week for fraud. https://t.co/2Z8MjEZLHi

[VOSMI @VOSMI1]

@PicidaeLignum @BenRabidoux @globeandmail Minimum jail time of 2 yrs for fraud over $1 million, max of 14.

[VOSMI @VOSMI1]

@MADmortgage519 @BenRabidoux @globeandmail Thank you!

[VOSMI @VOSMI1]

@BenRabidoux @MADmortgage519 @globeandmail We have a timeline here - best to view on PC or tablet. https://t.co/xwcaIcy0bF

[VOSMI @VOSMI1]

@alexposadzki @globeandmail Thank you for covering the trial Alexandra!!

[VOSMI @VOSMI1]

Fraud over $5000

[VOSMI @VOSMI1]

Developers found guilty of defrauding investors out of retirement savings in Barrie, Winnipeg

https://t.co/QPalq2ftj4

[VOSMI @VOSMI1]

Guilty!!!

[VOSMI @VOSMI1]

Decision coming in trial of developers accused of defrauding investors out of retirement savings
Defence lawyers argued risks were made clear to those involved

https://t.co/QPalq2ftj4

[VOSMI @VOSMI1]

Judge to deliver verdict to Jawad Rathore & Vince Petrozza for the Fortress Real Developments criminal trial tomorrow, May 28, at 10 Armoury St, 10 am, rm 703

[VOSMI @VOSMI1]

@DanRapsfan In Canada, fraud over $5 K is considered an indictable offense ( Section 380 of Criminal Code). Min penalty if fraud exceeds 1 million of 2 yrs imprisonment & max of 14 yrs. The alleged fraud for just the Sky City & Collier dev projects is over $80 Million.

[VOSMI @VOSMI1]

Verdict For the Fortress Criminal trial to be read on May 28th. Phew. It’s been a long trial but we have confidence in the crown. Thoughts on verdict?