The Bank of Montreal has initiated civil suits against hundreds of individuals in what they are calling a massive mortgage fraud case in Alberta. The civil suits are intended to recover millions of dollars lost in a scheme that seems to have been a well organized conspiracy to massively inflate property values prior to mortgage applications.
It now appears that the Royal Canadian Mounted Police are also investigating to see whether criminal charges will be laid.
CBC is reporting that Calgary Conservative Member of Parliament, Devinder Shory is being sued by the Bank of Montreal for his alleged involvement in the case.
-CTV News
-CBC News
Wednesday, May 5, 2010
RCMP Called In To Investigate Huge Alberta Mortgage Fraud - Conservative MP involved?
3:01 PM
zimbio
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