Присоединяйтесь к нашему списку рассылки новостей! 
кликните сюда.

Оттавский протест, Наша третья акция протеста состоялась в Оттаве, 18 октября 2019 года. Будет ли правительство увеличивать финансирование для борьбы с преступностью белых воротничков? Большое спасибо тем, кто пришел нас поддержать!

How to contact us, whether you have a general inquiry, or whether you are an investor. ИНВЕСТОР / ОБЩИЕ ВОПРОСЫ Наш процесс регистрации будет доступен в ближайшее время. Пожалуйста, заполните информацию ниже, и мы свяжемся с вами. Спасибо. Спасибо. Мы скоро к тебе вернемся. Отправлять

Пожалуйста, заполните следующие поля, чтобы присоединиться к нашему списку рассылки, чтобы получать обновления и информационные бюллетени. Отправлять Спасибо! Сообщение отправлено. Пожалуйста, проверьте нежелательную почту, чтобы не пропустить наши письма.

Команда юристов Митчелл Вайн и Маргарет Уодделл О команде юристов Нажмитездесь прочитать биографию Митчелла Вина. Нажмитездесь к читать Margaret Биография Уодделя. Коллективный иск Действия касаются SML, зарегистрированных в пяти различных объектах недвижимости Fortress: Collier Center - Барри, Онтарио (только в отношении первоначального кредита) Progress Manors Ten88 – Торонто, Онтарио Sutton/The Link – Берлингтон, Онтарио Harmony Village Lake Simcoe / The Kemp - Барри, Онтарио Орчард Калгари – Калгари, AB Частичные расчеты были достигнуты и одобрены судьей Перреллом 13 января 2023 г. Дополнительную информацию, включая заявления о претензии и контактную информацию, можно получить по адресу Waddell Phillips Веб-сайт .

13 сентября 2019 г. Протест на Юридическое общество Онтарио & Министерство финансов Онтарио Читать далее 4 октября 2019 г. Протест в Онтарио Законодательное собрание (Королевский парк) Читать далее 18 октября 2019 г. Протест в Оттаве на Парламентском холме Читать далее

4 октября 2019 г. Акция протеста Этот протест состоялся в Законодательное собрание Онтарио, Queen's Park, Торонто. Протест занял place, чтобы выделить следующее: Повышение осведомленности общественности о неспособности регулирующих органов Онтарио защитить общественность в отношении синдицированных ипотечных инвестиций (что повлияло на инвесторов по всей Канаде) Предупредите общественность, что они тоже станут жертвами мошенничества, если регулирующие органы радикально не изменят свои процессы, расследования и наказания, приняв активное участие в перехвате преступников, а не реагируя и основываясь на жалобах. Требовать увеличения финансирования полиции для расследования преступлений белых воротничков. Повышайте осведомленность общественности о VOSMI, поощряйте инвесторов выступать и присоединяться к нашей группе Подчеркните, что либералы, прогрессивные консерваторы и НДП не сделали ничего, чтобы продемонстрировать поддержку или защиту 16 000 жертв мошенничества. (14 000 жертв крепости и 1600 жертв уровня 1) Огромное спасибо Рою Лонгу из Партии зеленых, который нашел время, чтобы поговорить с инвесторами о своих опасениях по поводу «белых воротничков», особенно в отношении пожилых людей. )более 80 человек приняли участие в акции протеста в Королевском парке! Так как поблизости находился Эндрю Шеер, мы подошли к его автобусу, прыгая, чтобы высказать свои опасения. We waited более 2 часов встретились с ним, однако он пробрался через черный ход.

13 сентября 2019 г. Свою первую акцию протеста мы провели 13 сентября 2019 года. Среди участников были инвесторы Fortress, а также инвесторы уровня 1, поскольку инвесторы из обеих групп потерпели неудачу со стороны регулирующих органов Онтарио. Присутствовало 80-100 протестующих! Но мы не будем останавливаться на достигнутом. Наш следующий процесс запланирован на 4 октября 2019 года в Королевском парке. Прочтите статью Ника Бойсверта на канале CBC здесь. .

ПЕТИЦИЯ Благодарим уважаемого Дуга Шипли за представление нашегопетиция в Палату общин 13 апреля 2021 г. для расследования синдицированных ипотечных кредитов Fortress Real Development. Особая благодарность Роуз Рэй, петиционному комитету и всем, кто подписал эту петицию.

Sentence On February 2, 2026, Justice D Moore delivered his sentence to Rathore & Petrozza. Each are to serve 5 years in prison Each to pay a fine in lieu of forfeiture of $12.2 million payable within 10 years following release from custody A further 5 yrs in prison in default of fine payment A DNA order A 10 year prohibition order pursuant to s.380.2 of the Criminal Code It is unknown at this stage if there will be any restitution for the investors of Collier and Sky City Reason for sentencing read here . Sentencing Submission Hearing December 3, 2025 What is a sentencing submission hearing? A sentencing submission hearing is where the Crown and defence lawyers argue for different penalties after a guilty plea or conviction, presenting aggravating/mitigating factors, while judges consider these arguments, Victim Impact Statements , and reports (like Pre-Sentence Reports) to decide a fit sentence, which can range from fines to jail, often following joint submissions in plea deals or occurring later for more complex cases The following is a Summary of the Sentencing Submission Hearing that took place on December 3, 2025. We would like to thank those who attended in person. The courtroom was standing room only - another room had to be made available due to the overflow. This summary is not an official court transcript. The sentencing will be delivered on February 2, 2026. CROWN SUBMISSIONS Crown counsel Scott Patterson opened by stating that “Rathore and Petrozza’s legacy is that of deceit and greed.” He recommended that each defendant serve 10 years in prison, along with: Either a restitution order for the remaining loss of $26 million ($13M per defendant), or A fine in lieu of forfeiture, requiring the defendants to repay the outstanding amount; failure to pay the fine would result in the defendants returning to custody for an additional term, And a prohibition order under s. 380.2 of the Criminal Code prohibiting them from obtaining, seeking, or continuing any employment or volunteer role that involves authority over another person’s money, real property, or valuable security. After outlining the Crown’s position, Patterson read the Victim Impact Statements from the investor witnesses. He also submitted the Community Victim Impact Statement, which echoed many of the same themes and harms described in the individual statements. The Community Victim Impact Statement can be read here. "Rathore and Petrozza’s legacy is that of deceit and greed”. Scott Patterson Crown Prosecutor Aggravating Factors Identified by the Crown 1. Magnitude of the Fraud – $35 million* Supported by four independent sources: 1. Affidavit of Daniel Sobel, Managing Director, FAAN Mortgages Inc. ( trustee with full access to BDMC records) 2. Tranche schedules listings of all investors 3. RCMP Cpl. Yu’s financial analysis 4. RCMP Cpl. Laroche’s files of all investor forms and data confirming LTV language throughout 2. Material Deceit Security and LTV were central promises to investors. Misrepresentations appeared in sales decks, 9D/FSCO forms, investor training, and promotional materials. The “Real Security, Real Returns” slogan provided false assurances. Personal assurances were made by Rathore & Petrozza to witnesses; ILA was paid for by Fortress. Fortress targeted “mom and pop” investors seeking safe, secured mortgages. 3. Causation and Knowledge Both defendants knew the true “as-is” values. Mortgaging reached 300% LTV, far beyond bank norms. Losses directly resulted from their deceit. 4. Nature of the Fraud Sophisticated, planned, and motivated by greed. Inflated valuations were deliberately sought (including from Petrozza’s cousin Felice). Marketing campaigns targeted both English-speaking and Cantonese-speaking communities. Over 800 investors were affected. The consequences were “devastating and catastrophic.” Mitigating Factor Neither defendant has a prior criminal record. Note that a total of over $80 million in SML funds were raised for both projects however the crown focused on specific tranches of Sky City and Collier to arrive at the $35 million figure. Welcome visitors to your site with a short, engaging introduction. Double click to edit and add your own text. Read More "Fortress was a legitimate business, unlike a Ponzi scheme." Gerald Chan Defence Council for Vince Petrozza Defence Submissions Defence counsel Gerald Chan , acting for Mr. Petrozza, opened the defence submissions and addressed the court on behalf of both defendants. Chan argued that the recommended sentence is “grossly excessive.” Key positions included: Fortress was a legitimate business, not a Ponzi scheme. No trust relationship existed between the defendants and investors; brokers held that duty. Many Fortress projects exited successfully. Investors relied primarily on brokers, not Rathore or Petrozza. Justice Moore challenged these assertions, noting: Witnesses testified they trusted both defendants directly. Rathore and Petrozza participated in sales presentations and broker training. Defence Position on Fraud Amount & Sentence Defence argued the fraud should apply only to the five investor-witnesses, avoiding the mandatory minimum. A conditional sentence with repayment to only those five witnesses, Or, if the fraud applies to all investors (> $1M), a reduced sentence of 3–5 years. Additional Defence Arguments No intention to cause loss-at worst “recklessness.” Many projects were successful; therefore, the model “worked.” There was a level of risk Appraisals were based on a “credible method,” not intended as “as-is” values. The developer (Mady) was responsible for the failures. FAAN’s affidavit should not be relied on; RCMP Cpl. Yu’s tracing was “unreliable.” There was not an element of secrecy. Absence of causation-no direct link that Rathore & Petrozza caused the loss to the investors. Claimed the defendants injected their own funds to save the projects. Defendants have no prior criminal record. "But where did all the investors money go?" Justice Daniel Moore Justice Moore responded with several points, and raised several questions, including: Security is supposed to protect the principal. If there is no security, the principal cannot be recovered. Investors supplied all equity and bore all risk, where the developer Mady did not put up any equity and had a 50% stake in the project. Asked the Defence whether there is any evidence of expenses Mady and Fortress incurred? (The defence replied "no".) Sky City began and remained a parking lot; no value was created. Where did all the investors' money go? What about priority? Were they (Rathore & Petrozza) behind or ahead of investors? (Defence was going to “check”) Security was eliminated through inflated valuations. Personal Circumstances Raised Letters of Support for Petrozza Chan presented two letters of support from Petrozza’s family members. One from his wife, and another from his father. Petrozza is 50 has 3 children. His parents are elderly and hopes to care for them as well as his extended family. It was also noted that Petrozza's early career was with Scotiabank. (note that Chan conveniently failed to mention his previous business with Rathore, Phoenix. Rathore & Petrozza were banned for life from dealing with Securities due to a stock manipulation scheme from 2007-2009 and were fined $3 million.) No Restitution Defence provided no restitution proposal for Petrozza No Fine in Lieu of Forfeiture Defense argued that: Forfeiture should be based on what defendants personally gained, not investor losses. Claimed defendants lacked full control over the funds. Repeated that constable Yu’s information is unreliable on criminal sentencing or liability. Justice Moore responded with several points, and raised several questions, including: There is no other suggestion that there were other operating minds of Fortress other than Rathore & Petrozza? The defense replied “No”. Tranche schedules are accurate, registered documents. “ What about tranche schedules? Are you saying that I can’t rely on the tranche schedules- that means Fortress didn’t get that money? Where would the money go?” The defence responded: “What did they receive personally is my submission. The test is what came into the offender’s possession or control.” The judge responded: “ Aren’t they in control of the company?” Prohibition Issue Defence argued that would be an issue as they would not ne able to seek gainful employment and stated “ This is not a case where the defendants handled the victims funds.” Distinguishable? Justice Moore asked Chan if the defendants are distinguishable in relation to a fine or restitution, and the sentence since profits were split 80% Rathore and 20% Petrozza. Chan responded that it should be the same sentence/fine for both. "Fortress was a lawful and successful business, and that in no way was it a scam." Scott Fenton Defence Council for Jawad Rathore Read our Fortress Project analysis here. B ased on court and trustee records the total loss to date to investors is $420 Million. Is this success? Defence counsel Scott Fenton Defence counsel Scott Fenton, acting for Mr. Rathore, continued with the defence submissions and stated that he adopts Chan’s positions. He stated that his client maintains his innocence and has respect for the court, and that Rathore feels badly for the investors losing their money. Fenton raised several factors: Fortress was a lawful and successful business, and in “no way” a scam. He added that: Rathore & Petrozza deserve recognition for the projects that were successful. Fortress had a standard financing model where they would get SMLS (investors money) for the soft costs. It was not a Ponzi scheme, and unfortunately those projects failed. The Judge asked: “Did they all have a model where the developer got 50% with no money down?” (No answer from Fenton). Defence continued: Rathore genuinely wanted the projects to be successful and pay back the investors. SML’s were not safe, & that they were speculative. Investors were told their loan ranked no more than 2nd, subordinated by construction loans. The judge asked: “Did you not see the promotional material and forms?” . Fenton replied: “OK, the form had a mistake. I’m saying it’s relevant to moral culpability.” Fenton continued: “How does the court sentence Jawad and Petrozza when most of the projects were successful?” The Judge replied: “When you’re dealing with people investing in mortgages, the value is important if the project doesn’t work.” Singular feature between Collier and Sky City was Mady, the developer, as Mady went bankrupt. The judge asked “Don’t developers invest capital in the project they’re building?” "Did you not see the promotional material and forms?" Justice Daniel Moore View examples of the Fortress Promotional Material here About Jawad Rathore & his family Jawad is 49. Has no criminal history. Although Fenton did not produce any letters for Rathore, he explained that Rathore has 6 young children, 3 of which have learning disabilities, and their mother has an auto-immune disease. He also has elderly parents (mother has early-onset dementia). No Submissions for Repayment for Jawad Rathore Fenton was asked by the judge if Rathore has any submissions for Rathore’s ability to repay the victims.Fenton stated he has no submissions for repayment. Crown Closing Statements Patterson emphasized: There was a breach of trust: the defendants created the business model and financing scheme. They knew opinions of value were not “as is”. They withheld the truth and lied directly to their investors. There is a direct line between their activities and the risk.They told the LTV was never to exceed 80%. They knew it was not secure, and mortgaged loans up to 300%. Investor losses stemmed directly from the defendants’ actions, not from Mady. Rathore & Petrozza controlled the flow of investor funds.FAAN’s records are consistent and corroborated. Statement by Jawad Rathore Rathore spoke briefly (without addressing victims): “I’m speaking on behalf of myself and Mr Petrozza. Vince and I started this business 16 years ago. We always had the best intentions for all stakeholders. When we took projects it was with intentions of them being successful. We just wanted to share with the court that we had the best intentions. We appreciate the opportunity”. Next Court Date Sentencing is scheduled for February 2, 2026. The court will attempt to make Zoom available. More details to follow.

VOSMI is a group of investors of Syndicate Mortgages through Fortress Real Developments Inc. We are sharing our stories, and joining together so that our voices can be heard. About 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 resources, raise awareness, and support one another. Are you a victim? You are not alone. Our group was first formed on Facebook in 2018 by a victim of the Fortress fraud who felt she had to connect with other Fortress investors. Slowly, the group grew to over 800 members, with hundreds of additional subscribers on our website. We hope this website provides victims and their families with some resources, information, and support. Нам обещали: Выплата основного долга в конце срока ипотеки Заработайте 8% с фиксированной процентной ставкой с основной суммой Инвестиции подкреплены залогом физической собственности, как в банке с обычной ипотекой. Выплата основного долга в конце срока ипотеки Право на участие в RRSP, TFSA, LIRA Безопасные инвестиции с низким уровнем риска Что мы обнаружили: Инвестиции были с высоким риском Текущее значение «как есть» было сильно завышено Отношение кредита к стоимости превысило 100% до более чем 300%.Подробнее здесь . Неудачные проекты (например, Collier, Harmony) привели к тому, что не осталось средств для погашения долга инвесторам синдиката (например, VOSMIS) Инвестиции не соответствовали критериям RRSP Независимая юридическая консультация была оплачена Fortress RDI Нераскрытые комиссионные в размере 35% были вычтены из основной суммы инвестора. 8% процентные платежи прекращены в середине срока 8% комиссии были вычтены из основной суммы инвестора Вам это знакомо? Если вы стали жертвой мошенничества, знайте, что вы не одиноки. Канадский центр помощи жертвам преступлений создал отличный ресурс для поддержки жертв мошенничества. Обязательна к прочтению статья «Помощь жертвам мошенничества». Linda "I was ashamed that I was duped into doing this investment - I thought that I was smarter than that. This just proves how we were conned." Andrew “The way it was sold to me – and I think everybody – is... you’d be a fool to not want to invest; it was so lucrative. This was a no-brainer. You were investing on real properties and developments. Back then, there was a big condo boom, especially in the Greater Toronto Area (GTA)” you are not alone Thousands were affected. Together, we stand stronger you are not to blame The responsibility lies with those who orchestrated the fraud. Justice takes time The legal process can seem slow and frustrating, but every step brings the truth forward. your feelings are valid Anger, grief and frustration are natural. Healing takes time. Your feelings are valid. You are not alone. We created a word cloud with our investors emotions and reactions as they navigate through this emotional and financial journey. Do these emotions and thoughts resonate with you? Helpful Resources Join our private VOSMI group on Facebook. Sign up for our Newsletter! Helpful victim resources from these sites: CRVC (Canadian Resource for Victims of Crime ) Navigating the Justice System Helping Victims of Fraud Recover The Serious Fraud Office Ontario-Victim Resources “There’s this unfair sense from others who hear these stories that these people should’ve known better, and that’s unfortunate because every one of us in this day and age is susceptible.” Vanessa Iafolla, Anti-Fraud Intelligence Consultant. ‘The forgotten impact’: Helping victims of financial fraud deal with emotional distress CTV News Sep 6, 2025- Pat Tenney

РЕГУЛЯТОРЫ В НОВОСТЯХ 202 0 FSRA налагает административный штраф в размере $250 000 на Fortress Real Development Inc. 19 сентября 2020 г. 2018 Служба безопасности Онтарио отозвала лицензию у ведущего ипотечного брокера Fortress 2 февраля 2018 г. FSCO достигла урегулирования в размере 1,1 миллиона долларов по синдицированным ипотечным кредитам 2 февраля 2018 г. Financial Post Регуляторы оставляют инвесторов Fortress уязвимыми для ипотечной индустрии 16 декабря 2018 г. The Globe and Mail Инвесторы Fortress требуют реституции от регулятора 17 декабря 2018 г. The Globe and Mail 2017 Слабый надзор за синдицированной ипотекой наносит ущерб инвесторам Онтарио с небольшое облегчение в поле зрения 24 апреля 2017 г. Финансовая почта Канадский регулятор проигнорировал предупреждения о рискованных ипотечных инвестициях 30 ноября 2017 г. Рейтер 2016 Регуляторы поставили синдицированные ипотечные кредиты под прицел ноябрь 2016 г., Маклинс Онтарио призвал усилить финансовую защиту потребителей 20 июня 2016 г. Звезда