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VOSMI is an information & resource website for Fraud Victims of Syndicated Mortgage Investments, related to Fortress Real Development Syndicated Mortgages. VOSM I is a non-profit group formed by victims of the largest mortgage investment fraud in Canada's history. We are the individuals directly impacted by the Fortress Real Developments Inc syndicated mortgage fraud, coming together to share information, raise awareness, and support one another. Fortress Real Developments raised over $920 million in syndicate mortgage investments from 14,000 "mom & pop" investors between 2008 and 2017, to help finance over 50 development projects. Investors were led to believe these were safe, low risk investments. After a lengthy and complex investigation which began in 2018, the RCMP charged the principals of Fortress on June 22, 2022 with Fraud and Secret Commissions. On May 28, 2025 the duo were found guilty of fraud. They were each sentenced to 5 years in prison, and served a fine. Read here for further details on the sentencing.Rathore and Petrozza are appealing the decision while they are currently on bail. Guilty of Fraud Read More Vince Petrozza and Jawad Rathore were the co-founders of Fortress Real Developments. Fortress partnered with over 25 real estate developers on over 50 projects. Read the timeline to learn more about the Fortress Syndicated Mortgage scheme. Timeline "I find beyond a reasonable doubt that they both intentionally misled investors about the value of their secured interest in order to induce them into investing." Justice D. Moore FORTRESS TRIAL R. v Rathore & Petrozza The Real Numbers 14,000 investors The number of Canadians that invested in Fortress Real Developments syndicate mortgage loans $920 Million The total amount raised by Fortress Real Developments from the syndicate mortgage investors $420 Million Total funds lost to date by the Fortress syndicate investors.

Coming up! February 2, 2026 Sentencing Hearing Courthouse Details: Location: 10 Armoury Street, Toronto, Ontario (walking distance from subways & City Hall) Room # TBD Start Time 10 am Court is Open to the Public Tried by judge only (no jury) Zoom is not available. JOIN US! About the trial Fortress Criminal Trial R. v Rathore & Petrozza Fortress Real Developments raised more than $920 Million from thousands of everyday investors through syndicated mortgage investments. It is alleged that the company's founders misrepresented the nature and risk of these investments during sales and promotional activities, leading to significant financial losses for investors. In June 2022, following a lengthy investigation by the RCMP Integrated Market Enforcement Team (IMET), Jawad Rathore and Vince Petrozza were criminally charged with Fraud and Secret Commissions. The prosecution chose to focus on 2 projects during the trial: Sky City and Collier. On May 28, Justice D. Moore delivered his guilty verdict. The trial summary can be read here. Key dates: April 13, 2018 : RCMP executed their search warrants and production orders. June 22, 2022 : Rathore & Petrozza are charged with Fraud & Secret Commissions May 28, 2025 : Trial Commences December 3, 2025 : Sentencing Submission Hearing February 2, 2026: Sentencing Hearing Q & A 1. Who are Jawad Rathore and Vince Petrozza? Rathore and Petrozza are the founders and principals of Fortress Real Development. Rathore is the CEO, and Petrozza is the COO. Petrozza was also the principal broker for Centro/BDMC. Fortress and its affiliated brokerages raised over $920 million in syndicated mortgage investments to help fund the "soft costs" of their developments. Investors who were everyday "mom & pop" investors were led to believe the SML investments were secure and low risk. In total, over $900 million was raised from all syndicated mortgage investments. Thousands of investors have lost their life savings investing in Fortress SMLs. 2. Why are they being tried in a criminal court? Rathore and Petrozza were criminally charged with Fraud and Secret Commissions after a lengthy RCMP investigation. It is alleged that the founders of Fortress Real Developments engaged in fraud by orchestrating an ongoing scheme whereby they did not disclose the various risks to brokers and investors of syndicated mortgages. The Crown later chose to focus the trial on the fraud charges. 3. What is a syndicated mortgage? A syndicate mortgage is a group of individuals who lend money privately to a borrower to finance real estate developments, such as residential condo buildings. In the case of Fortress Real Development Inc, loans were secured against a major development proposal known as a Syndicated Mortgage Investment (“SMI”).These funds were primarily to finance the ‘soft costs’ of a real estate development. They are also referred to as Syndicated Mortgage Loans (SML) as the investors in effect leant money to the borrower (developer). 4. Is zoom available for this trial? Unfortunately there are technical issues that prevent the trial from being shared over zoom. If you are able to attend in person, there are many TTC options for those of you in the GTA. Please go to the Trip Planner site for assistance. https://www.ttc.ca/trip-planner 5. What should I expect at the courthouse? What can I bring? Please refer to the courtroom guidelines and etiquette. 6. Which projects are the focus of the trial? Even though Fortress raised money for over 70 projects, (there were about 45 at the time of the RCMP raid), the RCMP narrowed their investigation on Collier, Crates Landing/South Shore, Harmony Village & Sky City. 7. Who is the prosecutor? It is crown attorney Scott Patterson. 8. Who is the defence? Gerald Chan for Vince Petrozza, and Scott Fenton for Jawad Rathore. CBC Developers found guilty of defrauding investors out of retirement savings in Barrie, Winnipeg Read More Global News Fortress Real Developments co-founders found guilty of fraud Read More Investment Executive Fortress pair convicted on fraud charges Read More

How to contact us, whether you have a general inquiry, or whether you are an investor. INVESTOR / GENERAL INQUIRIES Please complete your information below and we will get back to you. If you have any project specific questions, please contact FAAN Mortgages . Thank you. Thank you. We will get back to you shortly. Send

April 1, 2020 Watch Rose Ray's latest update below on the progress in the potential Class Action law suit. Also, if you are able to contribute towards the funding of the investigation and research related to the law suit (to whether the law suit is viable), please complete this form . You can make a payment via credit card (link will take you to Paypal) or you can do a e-transfer to info@vosmi.ca after you completed the form. Thank you!

Petition Thank you to the honorable Doug Shipley for presenting our petition to the House of Commons on April 13, 2021, for an inquiry into the Fortress Real Development Syndicated Mortgages. A special thank you to Rose Ray, the petition committee and to all who signed this petition.

Did you Know? Did you know that the Loan to Value Ratios (value of land compared to the loans provided by the investors for the Fortress projects) far exceeded the Private Lender industry standard? Read more about it here. Did you know that once the RCMP were made aware of the Fortress Syndicated Mortgage fraudulent activity, it only took them 1 month to commence the investigation? How is it then, that FSCO was alerted on multiple occasions since 2011 by numerous people of Fortress SMI activity, however they did not act until after the November 2017 Reuter's article ? Justice Michael Brown issued the RCMP search warrant which was executed on April 13, 2018, as set out in the Globe and Mail story. In order for Justice Brown to issue the search warrant he had to find that there were reasonable and probable grounds that fraud was committed. The following are extracts from the sworn information and attached is part 1 of 6 parts. Extracts from the sworn information: "32. Investigators believe that the key aspects of this Fraud occurred from 2012 to 2017 and are as follows: a. Syndicated Mortgage Investors were presented with inflated “as is” property values securing their syndicated mortgage investment. b. Loan to property value ratios that are in excess of 100%. c. Promotion of the Syndicated Mortgage as RRSP eligible, when the investments that investigators have examined are not RRSP eligible and could be subject to adverse taxation by the Canada Revenue Agency. d. Investment funds being used for purposes other than what was disclosed to investors. A portion of investor funds are not directed to the development project and instead are retained by Fortress Real Capital Inc. at the time of placement of the loan. 33. As a result of the inflated current as is land valuations, investigators believe that there are currently millions of investor dollars, including retirement savings, where the amount of mortgages on the property exceed the current value of the property. This is contrary to what was told to investors. This has created a risk of detriment to the financial and real estate market." The full RCMP document is available here. After you have read this document you will have a better understanding of how you were defrauded. So far CRA has not taken any action despite obviously knowing that the mortgages were not RRSP eligible. If they did take action, the penalty is 50% of the amount you invested plus interest from the date you invested. RCMP Sworn Information.pdf

Index CHAPter 1 baited chapter 2 blinded by those we trusted chapter 3 co-conspirators

About The Investors/VOSMI VOSMI is a group of victims who invested in Syndicate mortgage investments through Fortress Real Developments. A syndicate mortgage is a group of individuals who lend money privately to a borrower to finance real estate developments, such as residential condo buildings. The investors were led to believe these were safe, low risk investments. The Real Estate Developer Fortress Real Developments Inc., based in Richmond Hill, ON was a real estate developer that was active between 2008-2018. Their portfolio spanned residential and commercial projects. Fortress raised about $900 million through syndicated mortgage loans from around 14,000 investors. In April 2018 the RCMP IMET raided the headquarters of Fortress RDI. The investigation revealed inflated property values and misuse of funds. The losses for the investors were substantial, with some losing their life savings. Although many experts warned the financial regulators (FSCO) about Fortress & their practices as early as 2012, they did not take action until 2018. RCMP In 2022, co-founders Jawad Rathore and Vince Petrozza were charged with Fraud related to their SML scheme. Criminal Trial In May 2025 both were convicted of fraud over $5000. The sentencing hearing (where victim impact statements will be heard), is to take place December 3, 2025. Are you a VOSMI? Did you invest in a Fortress Real Developments Syndicated Mortgage? Are you a victim of syndicated mortgage investment fraud? Were you promised a safe investment with 8% returns? If you are a victim? Join our private Facebook group .

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