Mortgage

Toronto police looking to identify mortgage fraud suspect who obtained over $5M in mortgages

Toronto police looking to identify mortgage fraud suspect who obtained over $5M in mortgages
Written by Publishing Team

Toronto police are asking for public assistance in identifying a suspect who claims to be a private mortgage broker who took out more than $5 million in mortgages.

A man named Lucas, who started in August 2020, has joined several law firms specializing in real estate in the Greater Toronto Area, police said in a press release Thursday.

He allegedly set up lenders, borrowers, and shell companies in order to obtain private mortgage loans.

Police said he then used fake identities of real people to place fake mortgages on the victims’ homes without their knowledge.

So far, police said, the suspect took more than $5 million in mortgages from several law firms across the GTA.

The suspect is described as Asian, between the ages of 25 and 30, black, with short hair and a thin build.

Mortgage scam and the policePolice said the man used his photo under a false identity.

The suspect is wanted for conspiracy to commit a punishable crime, fraud in excess of $5,000 and uttering false documents.

“Investigators are advising the public – especially those in the mortgage and legal professions – to examine all identification cards and be vigilant in confirming the identities of individuals in real estate transactions,” the police wrote.

Anyone with information is asked to send an email to Det. fixed amount. Jeffrey Dyrkawec at Jeffrey.Dyrkawec@torontopolice.on.ca Call the police at 416-808-2222 or anonymously call the Crime Stoppers at 416-222-TIPS (8477).

.

About the author

Publishing Team

Leave a Comment