VOSMI is a non-profit organization 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. Sentencing hearing to take place December 3, 2025.
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.