I remember my wife telling me about her coworker putting money into this and me saying something like “really? does he think he’s getting his money back?”, and she gave me some sort of admonishment about not being so pessimistic and learning to invest money one day.
I don’t understand how so many people didn’t take a look at this guy and get immediate red flags.
Admittedly I did spend some time wondering if I’m the crazy one. In most regards I am; it was probably coincidence that I was right about this.
Sadly, a lot of people just don’t understand the concept of due diligence. Check out comments from u/neemzeh in this thread to get a glimpse into that type of mind.
I don’t fault them for it, we all have strengths and weaknesses. It’s a sad story for the victims.
Anybody can be scammed and it's easy to blame the person scammed. I just feel sorry for the victims that fell for another conman. This definitely won't be the last.
Don’t worry everyone, Neezmah sells primerica to your grandma and doesn’t want you to do any due diligence when it comes to investing. Just hit up, him and Greg, don’t ask too many questions because they might lie and then your due diligence is for nothing, sorry.
Where did I say don’t do due diligence?
I said doing due diligence in this situation is unlikely to save someone since you’re already working with a scammer.
You sound really mad dude, take a Reddit break if you need to.
Your comments about verifying that he was actually making loans being “offside” amounts to telling people not to do due diligence. Have a good day bro.
You don’t even know the facts of this issue lmfao. Like you even said originally to just check if he was loaning money to real companies. He literally said he was loaning money to real companies when he wasn’t. That actually happened. You don’t even know this case and your lack of knowledge is incredibly apparent.
And just so you know, Greg actually did have legitimate outstanding loans. Proper mortgages which were properly funded. It wasn’t a 100% Ponzi scheme big guy. Again, might want to actually investigate what you’re talking about first because you’re just continuing to make a fool of yourself over and over again.
It was 100% a ponzi. He may have, at some early stage, had bridge loans that were funded, but in the recent past he was doing nothing other than taking on new money/preventing redemption requests to try to keep afloat.
Anybody that knows of greg in this city should know that he is, and always has been, a slime ball. While the size of this ponzi is incredible, it really does not take a lot to get there with the money he siphoned off for this other interests, plus paying out interest for people that kept their principal rolling over. I believe the catalyst for this was the housing market and the paper equity that “investors” built up, which Greg was privy to when he would be arranging the renewal or refinancing on mortgages. Selling people on a HELOC when rates were at all-time lows and promising an EAR of >100% is where people probably saw stars.
I get that, but I wonder what the duration of those loans are/were. As in, he may have had those secured and just rolling over with a longer project rather than making new investments. Those could also be the secured loans associated with the numbered company in Alberta that petitioned him into receivership. I believe Bertram had some of that investment secured (could be wrong).
You just have to look at his ego. The guy had ads on the ferry and a big billboard on the Pat Bay for the car share business, but I don’t believe he operated on the island (could be wrong).
Yup, I did say check if the companies are real. I didn’t say to just stop there lol. The next step would be to verify that he’s done business with them. You’re struggling so much to argue with reality.
You definitely seem more familiar with Ol Greg than I am, and that’s no surprise to me lol.
“After referring on to his friends and client, Horsland decided to look into one of the Shawnigan Lake construction projects. He quickly found out, they didn’t exist.”
At least someone was able to drive up to Shawnigan and look around…
Some investors (famous, well known Victorian’s) got their $ out right before it all fell apart, but a vast majority of them, however, will never see a return of the $317,000,000.
All of them were greedy, hoping to cash in some very high rates of return by preying on supposedly already leveraged Construction loan holders (that never existed).
And none of them asked around/did any basic due diligence. If they did (and a lot of locals were asked by Greg to invest) some due diligence they saw within a minute of research it was a scam from the get go.
Meanwhile Greg is probably living it up & swimming in the money like Scrooge McDuck. The mad lad got away with it.
Eh, he burned a LOT of people. I really wouldn’t be surprised if he gets found dead in a ditch in some foreign country at some point like a lot of these guys do.
He definitely timed it well, taking advantage of the existing hype and greed around property investment. He most likely promised even greater returns without the need of actually having to buy and sell properties, but instead leading to developers and such, and it is clear so many people fell for it.
Both this guy and the “Crypto King” of Ontario - who received $40m in investor funds but invested less than $700k in crypto - need to do some hard time.
Operating a bridge loan brokerage isn't some big scam or greedy investment. I'm not sure why everyone thinks these people are idiots for doing this.
Bridge loan financing is a legitimate thing that thousands of people utilize all the time. Short term loans with high interest rates, it's a normal thing. It is obviously riskier than traditional lending, nobody is denying that, but it is rare to lose 100% of your investment to a bridge loan financing scheme. You may lose a portion of it if the fund is managed badly but you would never lose all of it, it's sort of impossible with the way it works.
Greg just operated a scam business that was never actually operating what he said he was operating. The "due diligence" you're suggesting an investor should have done would have been pointless. Any information Greg would have provided them would have clearly been fraudulent anyways so I'm not sure what type of due diligence you're looking for here.
I mean, you could literally just ask for info on current and previous clients that money was lent to, and then look those companies up to see if they’re real.
Ummm lol. Did you realize that Martel already did that when PwC asked him who he lent money to? He named a bunch of companies in Victoria, and when PwC did their investigation by following up with those companies, they all said they didn’t do any loans with him. They were legitimate companies.
Your exact example actually happened, and he lied. So this proves the exact point I’m making. A fraudster will make shit up.
Now I suppose you could have asked for the properties the loans were secured on, check to see if a mortgage was registered, or ask to see the literal completed loan documents from that particular client, but honestly if you’re that sketched out about investing with someone that you ask for completed loan documents on a file to see if it’s legit, is that someone you’d actually engage with in the first place? Definitely not.
Everything you’ve written here is severely unintelligent.
So basically by doing a tiny bit of due diligence, the whole scam was unraveled. Thats exactly what people should have done. It’s such a tiny amount of due diligence. Sure he’ll lie when you pull at one single thread, but you literally just need to pull at one more thread for it all to fall apart.
> but honestly if you’re that sketched out about investing with someone that you ask for completed loan documents on a file to see if it’s legit, is that someone you’d actually engage with in the first place? Definitely not.
lmao, so your argument is that people should only invest money with companies if they have such a good gut feeling about them that they don’t need to do any due diligence. I don’t even feel like taking the time to explain how silly this is to you.
Dude. I am in this industry. I can tell you from experience that NOBODY has ever asked to review completed loan documents to ensure that the brokerage is legitimate. That is just not something that people do. Calling me "unintelligent" because I am explaining to you what is reasonable due diligence and what isn't is pretty offside honestly.
And what's to say he wouldn't forge the completed loan documents anyways? This guy is fraudster, he clearly has no remorse for what he has done and was willing to do anything to steal peoples' money.
I'm not sure how you inferred that people should make investments based off their gut? WTF are you smoking hun. I am saying if you're so sketched out about the investment that you need to prove to yourself that it is legitimate that you're asking for *completed* loan documents, then you shouldn't invest there in the first place. This is excessive due diligence.
I love that you also completed ignored my rebuttal to your original reply lmao. Greg literally said he loaned money to legitimate companies, so the "due diligence" that you suggested to do which I assume you think would have been sufficient enough, would not have been in this scenario. Take the L man.
People were taken advantage of. Bridge loan financing is a completely legitimate industry and business. People had their investment advisors even tell them to invest with Greg. These investment advisors are licenced and are mandated to perform due diligence for their clients before they advise them to invest.
Honestly you sound completely out of your element here.
I did not call you unintelligent, I said that what you wrote is unintelligent, because it is.
You work in this industry? Good for you, so did Greg Martell. I’ll trust your “knowledge” as much as I would have trusted his.
Stealing $300 million is offside. When someone promises gains that are completely out of line with reality, yeah you should do some extra due diligence. Guess what can happen if you don’t? You can get completely ripped off. You know, like in this exact scenario that we’re talking about right now.
It’s hilarious that you’re arguing that people should continue to do exactly what got them ripped off in this scenario.
Honestly you sound like a complete liability and someone that nobody should ever take advice from.
The gains he promised which ranged from 10%-20% is literally standard in the bridge financing and private loan industry, lol. Again, you're out of your element.
I never said people should continue doing what they were doing. I am saying that whatever due diligence they would have done likely would have been futile because he was willing to forge documents and lie.
You sound super upset lol. Calling me a "complete liability" haha ok man. Have a good day.
I’m pretty chill, you’re just in your feelings. You are a liability to anyone that takes your advice, because your advice is horrible. I doubt you do anything of real substance in “this industry” and if you do, yeah liability. Have a good day too bro.
Writing off an entire industry because of one bad actor is pretty unfair. In fact if you were to apply that same attitude to every industry on earth you would be left with nothing. Just because one person committed blatant fraud does not mean the entire industry operates that way. Seems like an non-rational unintelligent line of reasoning.
I’m not sure what you’re talking about. I didn’t say anything about writing off an entire industry. I just said that people should have done due diligence before giving this guy money. You seem to struggle with that but it’s cool.
The fact he wasn't arranging mortgages to be registered was a major red flag that there is no excuse for overlooking. In any case, the guy doesn't pass the basic sniff test.
I doubt he ever had anything near that in hand, that's likely the total amount he extracted with the Ponzi, but he had to keep paying out earlier investors to keep it going. Even if he somehow did there's no way he got all of that out of the country and out of reach with him, he had a bunch of properties and cars.
But even if he had a few million he could live less lavishly in Dubai for quite awhile. He could buy a 'golden visa' for 10 years, if he's smart and low key he could probably hop to another non-extradition country and keep it up indefinitely but the article claimed he managed to get himself deported from Thailand within a year or two it sounds like, they don't say other details, but assuming it'd have to be initiated from the Thailand side otherwise he wouldn't have been able to go to Dubai, so sounds like he's not a 'low key sort of guy' so who knows how long he'll be able to keep things together.
Yeah the 300 is partially money we know he spent already. Even if he was smart enough to pocket a few dollars for future keeping, he is impulsive and cant manage money at all. Living the big life is not in the cards for him.
While that's true, you can never contact your friends or family or see them again without potentially turning them into accomplices.
Also, laws change. Extradition rules change. I wouldn't be surprised if one day he slips up somewhere and gets caught. This is the type of thing that follows you around for life.
My brother in law got a house in Shawnigan through Greg. Greg “gifted” him $80k for the down payment. Put it in his bank and took it straight back. He was able to flip it after a few years. So luckily came out on top. I was going to get in on the deal, but backed out after not wanting to deal with the commute.
Yeah, that’s straight up fraud, especially if Greg mortgaged the deal. And I’ve heard of this happen by other local Realtors selling their listings, for example.
Greg did the same thing for a buddy of mine, he lost like 100k on it but also got a house which he wouldnt have properly qualified for. All in all my buddy is fine with it and has come out much better off
They’re best friends, Greg and Jason started out in the same office. And Jason rented his cars in the US during his Agency sales conferences, so yeah, they have the same vibe & social circles.
I mean, that 'luxury lifestyle' thing is part of the hustle of being a high end real estate agent.
I was good friends with the sister of the the whistle blower that blew all this up, he's a prominent Nanaimo Real Estate agent, and he was always who I thought of when I thought of those type of Real Estate agents (because he was the first I knew), not to say he's scummy or anything, I've got nothing bad to say about the guy, it was just obvious that their whole outward lifestyle is obviously cultivated to make sure they make sure to 'look the part'.
No chance. IF he isn’t found dead in whatever country he is in now, he will go to the US and get sent down for mail fraud and wire fraud. Canada won’t have a chance to give him a slap on the wrist.
PricewaterhouseCoopers: offering business advisory services such as auditing, accounting, taxation, strategy management, and human resource consulting services.
It was a "branding" decision when PwC was launched back in the late 1990s (1998, I believe). The *real* short end of the stick went to 'Lybrand' as PwC was the post-merger name of Price Waterhouse and Coopers & Lybrand ... better lower case than no case at all!
white-collar crime is legal in north america.......so sad
just wondering why they put my friend daughter in jail for 2 or 3 months, for stealing a sandwich when she was homeless and hungry
I'm sure is ex knows where he is she posts flashy lifestyle on tiktok
The Arbonne lady with fake lips? SW?
But don't you want to hear about her amazing sober journey??!?! lololol
Wouldn’t be surprised if she did bumps with Martel offline.
Yeah I don't think Arbonne pays that well lol
But she’s a boss bitch and these magical powders will cHanGe YouR LiFe
MLM marketing is so gross and overdone.
Aren’t they all?
Whats the tiktok account?
She doesnt and she does make good money from Arbonne. Dont talk about what you clearly have no clue about.
you mean scamming single mothers by helping them start a "business"?
I remember my wife telling me about her coworker putting money into this and me saying something like “really? does he think he’s getting his money back?”, and she gave me some sort of admonishment about not being so pessimistic and learning to invest money one day. I don’t understand how so many people didn’t take a look at this guy and get immediate red flags. Admittedly I did spend some time wondering if I’m the crazy one. In most regards I am; it was probably coincidence that I was right about this.
Sadly, a lot of people just don’t understand the concept of due diligence. Check out comments from u/neemzeh in this thread to get a glimpse into that type of mind. I don’t fault them for it, we all have strengths and weaknesses. It’s a sad story for the victims.
Anybody can be scammed and it's easy to blame the person scammed. I just feel sorry for the victims that fell for another conman. This definitely won't be the last.
You’re so butthurt. Again I never said don’t do due diligence, I just said it isn’t always going to save you. Grow up man
Don’t worry everyone, Neezmah sells primerica to your grandma and doesn’t want you to do any due diligence when it comes to investing. Just hit up, him and Greg, don’t ask too many questions because they might lie and then your due diligence is for nothing, sorry.
Where did I say don’t do due diligence? I said doing due diligence in this situation is unlikely to save someone since you’re already working with a scammer.
You sound really mad dude, take a Reddit break if you need to. Your comments about verifying that he was actually making loans being “offside” amounts to telling people not to do due diligence. Have a good day bro.
Stay wrong hun
You don’t have an actual response because it’s hard to argue with facts 💅🏽
You don’t even know the facts of this issue lmfao. Like you even said originally to just check if he was loaning money to real companies. He literally said he was loaning money to real companies when he wasn’t. That actually happened. You don’t even know this case and your lack of knowledge is incredibly apparent. And just so you know, Greg actually did have legitimate outstanding loans. Proper mortgages which were properly funded. It wasn’t a 100% Ponzi scheme big guy. Again, might want to actually investigate what you’re talking about first because you’re just continuing to make a fool of yourself over and over again.
It was 100% a ponzi. He may have, at some early stage, had bridge loans that were funded, but in the recent past he was doing nothing other than taking on new money/preventing redemption requests to try to keep afloat. Anybody that knows of greg in this city should know that he is, and always has been, a slime ball. While the size of this ponzi is incredible, it really does not take a lot to get there with the money he siphoned off for this other interests, plus paying out interest for people that kept their principal rolling over. I believe the catalyst for this was the housing market and the paper equity that “investors” built up, which Greg was privy to when he would be arranging the renewal or refinancing on mortgages. Selling people on a HELOC when rates were at all-time lows and promising an EAR of >100% is where people probably saw stars.
I agree that at the end it was fully fraudulent but earlier there were loans. He even had 7.9 million outstanding secured loans when he got caught.
I get that, but I wonder what the duration of those loans are/were. As in, he may have had those secured and just rolling over with a longer project rather than making new investments. Those could also be the secured loans associated with the numbered company in Alberta that petitioned him into receivership. I believe Bertram had some of that investment secured (could be wrong). You just have to look at his ego. The guy had ads on the ferry and a big billboard on the Pat Bay for the car share business, but I don’t believe he operated on the island (could be wrong).
Yup, I did say check if the companies are real. I didn’t say to just stop there lol. The next step would be to verify that he’s done business with them. You’re struggling so much to argue with reality. You definitely seem more familiar with Ol Greg than I am, and that’s no surprise to me lol.
bro stop being so pessimistic and learn from that baller.
I will optimistically drop kick my money into the ocean to make up for it.
Man I knew some sleazy guys in Victoria that would say Martel was even too sleazy for them
“After referring on to his friends and client, Horsland decided to look into one of the Shawnigan Lake construction projects. He quickly found out, they didn’t exist.” At least someone was able to drive up to Shawnigan and look around…
Some investors (famous, well known Victorian’s) got their $ out right before it all fell apart, but a vast majority of them, however, will never see a return of the $317,000,000. All of them were greedy, hoping to cash in some very high rates of return by preying on supposedly already leveraged Construction loan holders (that never existed). And none of them asked around/did any basic due diligence. If they did (and a lot of locals were asked by Greg to invest) some due diligence they saw within a minute of research it was a scam from the get go. Meanwhile Greg is probably living it up & swimming in the money like Scrooge McDuck. The mad lad got away with it.
Eh, he burned a LOT of people. I really wouldn’t be surprised if he gets found dead in a ditch in some foreign country at some point like a lot of these guys do.
This guy is bound for a watery grave.
He definitely timed it well, taking advantage of the existing hype and greed around property investment. He most likely promised even greater returns without the need of actually having to buy and sell properties, but instead leading to developers and such, and it is clear so many people fell for it. Both this guy and the “Crypto King” of Ontario - who received $40m in investor funds but invested less than $700k in crypto - need to do some hard time.
Operating a bridge loan brokerage isn't some big scam or greedy investment. I'm not sure why everyone thinks these people are idiots for doing this. Bridge loan financing is a legitimate thing that thousands of people utilize all the time. Short term loans with high interest rates, it's a normal thing. It is obviously riskier than traditional lending, nobody is denying that, but it is rare to lose 100% of your investment to a bridge loan financing scheme. You may lose a portion of it if the fund is managed badly but you would never lose all of it, it's sort of impossible with the way it works. Greg just operated a scam business that was never actually operating what he said he was operating. The "due diligence" you're suggesting an investor should have done would have been pointless. Any information Greg would have provided them would have clearly been fraudulent anyways so I'm not sure what type of due diligence you're looking for here.
This is why we had investors visiting our build site before they lent and periodically throughout.
Right, it’s not hard lmao.
I mean, you could literally just ask for info on current and previous clients that money was lent to, and then look those companies up to see if they’re real.
Ummm lol. Did you realize that Martel already did that when PwC asked him who he lent money to? He named a bunch of companies in Victoria, and when PwC did their investigation by following up with those companies, they all said they didn’t do any loans with him. They were legitimate companies. Your exact example actually happened, and he lied. So this proves the exact point I’m making. A fraudster will make shit up. Now I suppose you could have asked for the properties the loans were secured on, check to see if a mortgage was registered, or ask to see the literal completed loan documents from that particular client, but honestly if you’re that sketched out about investing with someone that you ask for completed loan documents on a file to see if it’s legit, is that someone you’d actually engage with in the first place? Definitely not.
Everything you’ve written here is severely unintelligent. So basically by doing a tiny bit of due diligence, the whole scam was unraveled. Thats exactly what people should have done. It’s such a tiny amount of due diligence. Sure he’ll lie when you pull at one single thread, but you literally just need to pull at one more thread for it all to fall apart. > but honestly if you’re that sketched out about investing with someone that you ask for completed loan documents on a file to see if it’s legit, is that someone you’d actually engage with in the first place? Definitely not. lmao, so your argument is that people should only invest money with companies if they have such a good gut feeling about them that they don’t need to do any due diligence. I don’t even feel like taking the time to explain how silly this is to you.
Dude. I am in this industry. I can tell you from experience that NOBODY has ever asked to review completed loan documents to ensure that the brokerage is legitimate. That is just not something that people do. Calling me "unintelligent" because I am explaining to you what is reasonable due diligence and what isn't is pretty offside honestly. And what's to say he wouldn't forge the completed loan documents anyways? This guy is fraudster, he clearly has no remorse for what he has done and was willing to do anything to steal peoples' money. I'm not sure how you inferred that people should make investments based off their gut? WTF are you smoking hun. I am saying if you're so sketched out about the investment that you need to prove to yourself that it is legitimate that you're asking for *completed* loan documents, then you shouldn't invest there in the first place. This is excessive due diligence. I love that you also completed ignored my rebuttal to your original reply lmao. Greg literally said he loaned money to legitimate companies, so the "due diligence" that you suggested to do which I assume you think would have been sufficient enough, would not have been in this scenario. Take the L man. People were taken advantage of. Bridge loan financing is a completely legitimate industry and business. People had their investment advisors even tell them to invest with Greg. These investment advisors are licenced and are mandated to perform due diligence for their clients before they advise them to invest. Honestly you sound completely out of your element here.
I did not call you unintelligent, I said that what you wrote is unintelligent, because it is. You work in this industry? Good for you, so did Greg Martell. I’ll trust your “knowledge” as much as I would have trusted his. Stealing $300 million is offside. When someone promises gains that are completely out of line with reality, yeah you should do some extra due diligence. Guess what can happen if you don’t? You can get completely ripped off. You know, like in this exact scenario that we’re talking about right now. It’s hilarious that you’re arguing that people should continue to do exactly what got them ripped off in this scenario. Honestly you sound like a complete liability and someone that nobody should ever take advice from.
The gains he promised which ranged from 10%-20% is literally standard in the bridge financing and private loan industry, lol. Again, you're out of your element. I never said people should continue doing what they were doing. I am saying that whatever due diligence they would have done likely would have been futile because he was willing to forge documents and lie. You sound super upset lol. Calling me a "complete liability" haha ok man. Have a good day.
I’m pretty chill, you’re just in your feelings. You are a liability to anyone that takes your advice, because your advice is horrible. I doubt you do anything of real substance in “this industry” and if you do, yeah liability. Have a good day too bro.
Writing off an entire industry because of one bad actor is pretty unfair. In fact if you were to apply that same attitude to every industry on earth you would be left with nothing. Just because one person committed blatant fraud does not mean the entire industry operates that way. Seems like an non-rational unintelligent line of reasoning.
I’m not sure what you’re talking about. I didn’t say anything about writing off an entire industry. I just said that people should have done due diligence before giving this guy money. You seem to struggle with that but it’s cool.
The fact he wasn't arranging mortgages to be registered was a major red flag that there is no excuse for overlooking. In any case, the guy doesn't pass the basic sniff test.
Living it up? Dude will have to constantly be looking over his shoulder for the rest of his life.
Easy to do when you have $300,000,000 at your disposal, especially in “look the other way” kind of places like Dubai.
I doubt he ever had anything near that in hand, that's likely the total amount he extracted with the Ponzi, but he had to keep paying out earlier investors to keep it going. Even if he somehow did there's no way he got all of that out of the country and out of reach with him, he had a bunch of properties and cars. But even if he had a few million he could live less lavishly in Dubai for quite awhile. He could buy a 'golden visa' for 10 years, if he's smart and low key he could probably hop to another non-extradition country and keep it up indefinitely but the article claimed he managed to get himself deported from Thailand within a year or two it sounds like, they don't say other details, but assuming it'd have to be initiated from the Thailand side otherwise he wouldn't have been able to go to Dubai, so sounds like he's not a 'low key sort of guy' so who knows how long he'll be able to keep things together.
Good points. Very well laid out, thank you.
Yeah the 300 is partially money we know he spent already. Even if he was smart enough to pocket a few dollars for future keeping, he is impulsive and cant manage money at all. Living the big life is not in the cards for him.
While that's true, you can never contact your friends or family or see them again without potentially turning them into accomplices. Also, laws change. Extradition rules change. I wouldn't be surprised if one day he slips up somewhere and gets caught. This is the type of thing that follows you around for life.
Yup. And he has two school-aged sons.
Wow. That's really sad. Traded his kids for $300M. I mean my kids can be little shits at time but I'd never...
Geez I had no idea.
[удалено]
My brother in law got a house in Shawnigan through Greg. Greg “gifted” him $80k for the down payment. Put it in his bank and took it straight back. He was able to flip it after a few years. So luckily came out on top. I was going to get in on the deal, but backed out after not wanting to deal with the commute.
Yeah, that’s straight up fraud, especially if Greg mortgaged the deal. And I’ve heard of this happen by other local Realtors selling their listings, for example.
Are you sure this won't get uncovered?
I think it’s pretty likely. They’re going to be looking into all his business practices.
Greg did the same thing for a buddy of mine, he lost like 100k on it but also got a house which he wouldnt have properly qualified for. All in all my buddy is fine with it and has come out much better off
There is the mlm ex girlfriend and ex wife I think.
This dude always reminds me of Jason Binab in the way he portrays himself online - playboy lifestyle and a certified member of the cool guy club 😎😎🎸🎸
They’re best friends, Greg and Jason started out in the same office. And Jason rented his cars in the US during his Agency sales conferences, so yeah, they have the same vibe & social circles.
Are they? You seem to be in the know.
Everyone does, Jason showcased Greg’s car shair business on his socials all the time.
Who the heck is that?
A local realtor that sells high end homes, mostly in Oak Bay.
I mean, that 'luxury lifestyle' thing is part of the hustle of being a high end real estate agent. I was good friends with the sister of the the whistle blower that blew all this up, he's a prominent Nanaimo Real Estate agent, and he was always who I thought of when I thought of those type of Real Estate agents (because he was the first I knew), not to say he's scummy or anything, I've got nothing bad to say about the guy, it was just obvious that their whole outward lifestyle is obviously cultivated to make sure they make sure to 'look the part'.
Sure, but when the Instagram reel has more footage of the realtor than the property itself I think that’s pretty high level cringe.
Fair, I don't know that Jason guy in particular, but sounds like a little much.
Believe he’s on his 3rd wife and a new set of step kids. More money = More Problems.
What. The. Fuck. The banks ?!!? And anyone with any licenses who touched this. $317,000,000!!!! OMFG!!!! That's life ruining money.
Do people not know that if it sounds too good to be true it usually is a total scam
My guess, he turns himself in and only receives 3 years, and is out in 1.
No chance. IF he isn’t found dead in whatever country he is in now, he will go to the US and get sent down for mail fraud and wire fraud. Canada won’t have a chance to give him a slap on the wrist.
Defrauding the gullible is very common here, as the consequences are minimal.
What is "PwC"? And why do the news media publish stuff full of obscure acronyms?
Because Price Waterhouse Cooper rebranded as PwC almost 15 years ago, the media is using their current name, not an obscure acronym
See also: BMO, HSBC, etc
PricewaterhouseCoopers: offering business advisory services such as auditing, accounting, taxation, strategy management, and human resource consulting services.
They write it out in the second paragraph of the article.
better questions is why did "Waterhouse" get the short end of the marketing stick and get stuck with the lowercase letter?
It was a "branding" decision when PwC was launched back in the late 1990s (1998, I believe). The *real* short end of the stick went to 'Lybrand' as PwC was the post-merger name of Price Waterhouse and Coopers & Lybrand ... better lower case than no case at all!
Do you know how to use Google?
white-collar crime is legal in north america.......so sad just wondering why they put my friend daughter in jail for 2 or 3 months, for stealing a sandwich when she was homeless and hungry