Sign up for our newsletter! 
Click here.

News stories related to Syndicated Mortgage Investments, Fortress Real Developments, and the Regulators of Ontario who failed the investors. Media/News article s Fortress in the News Regulators in the News Nov 30, 2017 Dec 17, 2018 VOSMI in the News "Fortress Real Developments co-founders found guilty of fraud" - Globe & Mail Feb 2, 1018 Feb 2, 1018

Feb 3, 2020 Watch Rose Ray's Update regarding our potential class action law suit.

An animated & explanatory timeline of events describing the Fortress Real Development Syndicated Mortgage Investment Fraud charges & the failures of the regulators, and how VOSMI was created. Timeline The Founders of Fortress RDI began working together since 2002. This timeline traces the key milestones, from their early business ventures and the creation of Fortress, to regulatory shortcomings, RCMP investigations, and the criminal legal proceedings that continue today. Please view this timeline slideshow on computer or tablet vs a phone for optimal viewing.

Coming soon! Check back later.

Verdict On May 28, 2025, Justice D Moore delivered his guilty verdict on the charge of Fraud to the accused principals of Fortress. Jawad Rathore & Vince Petrozza were found guilty of Fraud over $5000. Read the complete reasoning for the judgement here. We would like to thank the Crown Prosecutors, and the RCMP IMET for their tireless work on this case. The sentencing submission hearing took place on December 3, 2025, and the sentencing hearing is to take place on February 2, 2026. "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

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

pName iLastName iFirstName Invested Amount

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 .