Sisters to pay back $246,000 after mortgage fraud

The mom and aunt of a mortgage fraudster who was later found dead have been ordered to repay $246,000. The Province reports that Jason Lee used a fraudulent power of attorney to place a mortgage on his aunt’s Vancouver home in 2009 with the funds from lender Reliable Mortgage Investment Corp. being paid to Lee. He credited $15,000 to his mother’s bank account and kept the rest for himself.

BC Supreme Court Justice Elaine Adair told the court that the mortgage immediately went into default and Lee was found dead in 2010. The two sisters were not accused of fraud themselves but were sued by Reliable Mortgage and this week were deemed to have ignored the suspicious actions of Lee and ordered to pay back the $246,000.

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