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- About | VOSMI Main Site
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 .