Edmonton Mortgage Fraudster Goes To Jail

A St. Albert man has become the 2nd Albertan to be sentenced to jail for mortgage fraud.

This is all about a mortgage fraud scam in Edmonton between 2000 to 2002.

While those of us working the Calgary mortgage fraud scene can't help notice that the size of this Edmonton scam (3.89 million) is so small compared to what we have in Calgary. The total losses from mortgage fraud in Calgary is in the hundreds of millions of dollars.

Many victims of mortgage fraud in Calgary have already said to us, that this sentence was too light. But at least there was jail time involved. So while white collar crime still tends to not get the sentences some people think are deserved, there is little doubt the Edmonton man in these case will soon have some people behind bars who he can relate to.

The story is right here.

Date of Story: Saturday, June 26, 2010
Story Posted By: Ron Reinhold
Source: Edmonton Journal

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