Sign up for our newsletter! 
Click here.

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.

Pick a Service Serviciile noastre 01. Custom Project Unleash your unique vision with our bespoke service, designed to bring your most ambitious ideas to life. We collaborate closely to define project scope, requirements, and deliverables, ensuring a tailored approach from inception to completion. This service is perfect for initiatives that require a one-of-a-kind solution and specialized execution. Experience innovation and receive an outcome precisely matching your distinct needs. Afișează mai mult 02. Personal Solution Planning Discover tailored strategies designed specifically for your individual needs and goals. Our process involves in-depth discussions to fully understand your unique situation and aspirations. We then develop a clear, actionable plan to help you achieve desired outcomes efficiently. Benefit from personalized attention and expert advice crafted just for you. Afișează mai mult 03. Expert Guidance Package Navigate complex challenges with our comprehensive guidance package, designed to provide clarity and direction. We offer expert insights and strategic recommendations based on extensive industry knowledge. This package ensures you have the support needed to make informed decisions and move forward with confidence. Achieve your objectives with a clear roadmap and expert-level support. Afișează mai mult

These are basic questions & answers for investors and the public regarding the VOSMI. FAQ What is VOSMI? Victims of Syndicated Mortgage Investments. What are Syndicated Mortgages? A Syndicated Mortgage is a group of individuals who lend money privately to a borrower to finance real estate developments, such as residential condo buildings. I am an investor of Fortress Real Development SMIs. What can I do? Join our group so that you can stay updated on projects group discussions. You will be required to fill out a questionnaire prior to your admission to the group. Once we have confirmed that you are an investor, you will be able to sign into the member portal. Can I join your group if I did not invest with Fortress RDI? Our group is dedicated to individuals who invested in Fortress Real Development Investments. You can follow us on twitter & keep checking our main website for new updates & VOSMI stories.

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

Please wait a moment for the form to load...

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