The RCMP conducted a search of Fortress Real’s head office in Richmond Hill on Friday morning—the latest development in its investigation into syndicated mortgage fraud.
The Globe and Mail is reporting that the RCMP’s Integrated Market Enforcement Team executed six search warrants throughout the Greater Toronto Area.
The RCMP’s Sgt. Herman confirmed the warrants regarded syndicated mortgage fraud, but offered nary an additional detail. However, she inferred charges could be forthcoming.
“If the investigation results in the laying of charges, we will advise the nature of the charges and the identity of those involved,” Herman told the Globe. “As this is an ongoing investigation, no further details will be provided.”
Neil Sharma is the Editor-In-Chief of Canadian Real Estate Wealth and Real Estate Professional. As a journalist, he has covered Canada’s housing market for the Toronto Star, Toronto Sun, National Post, and other publications, specializing in everything from market trends to mortgage and investment advice. He can be reached at neil@crewmedia.ca.
