FORTRESS REAL DEVELOPMENTS
The largest mortgage investment fraud in Canada's history
Between 2008-2018 Fortress RDI & affiliated brokers raised over $920 million in Syndicated Mortgage Investment Funds. Thousands of every day Canadians invested in these SMI's. A syndicate mortgage is a group of individuals who lend money privately to a borrower primarily to help finance the"soft costs" of a real estate development.
Investors were lead to believe these were safe, low risk investments. The principals deceived the public by misrepresenting the true land value of their real estate projects. After a lengthy investigation, on June 22, 2022 the RCMP initially charged the principals of Fortress with Fraud and Secret Commissions..
After a lengthy RCMP Investigation & Trial- GUILTY
After a lengthy trial that commenced on October 28, 2025 we are so pleased to announce that Justice D Moore found Rathore & Petrozza guilty of fraud over $5000. Click here for trial updates and to read the judge's reasoning for the guilty verdict. Sentencing to take place at a date TBD.
The principals of Fortress- Vince Petrozza (left) & Jawad Rathore (right) of Ontario, Canada- found guilty of fraud May 28, 2025.
Are you a victim?