Top-selling Sask. realtors faked paperwork to get mortgages approved for clients, police say
Top-selling Sask. realtors faked paperwork to get mortgages approved for clients, police say
A fraud scheme involving fake documents used to qualify for a mortgage has been linked to two former Saskatoon real estate agents.
Kamanashis Deb is facing 17 counts of fraud and Debashis Deb is facing two counts. Royal LePage Varsity recognized the two realtors as top selling agents in September.
Police said the falsified documents were provided to three different Saskatoon banks under the names of their clients.
The documents included letters of employment, pay stubs and T4s.
The mortgage applications would not have been approved without the falsified documents, according to police.
Chris Guérette, CEO of the Saskatchewan Realtors Association (SRA), called the alleged actions “absolutely unacceptable.”
Kamanashis Deb’s SRA membership ended in December and Debashis Deb’s ended this month.
“These are two former realtors. They no longer are members of our association,” Chris Guérette, CEO of the SRA, told CTV News.
“But even despite all that, I think it still, unfortunately, in the public eye paints a negative brush on the entire industry … and I think that's really unfortunate because it's a profession with very high standards.”
Guérette said realtors must renew their licence each year and adhere to a code of ethics.
The investigation began two years ago, after police received a report that falsified banking documents were submitted with several mortgage applications.
Police said eight applications with false documents were discovered at one financial institution.
The other nine charges followed search warrants executed on Palliser Court, McClocklin Road and 8th Street East.
In January, Debashis Deb turned himself in at Saskatoon Police headquarters, where he was arrested.
Two months later, Kamanashis Deb did the same thing.
None of the allegations have been tested in court.
As the investigation unfolds, police say more charges could be laid.
MORE CASES OF FRAUD AMID A SELLERS MARKET
Chirag Mehta, the director of operations at True North Mortgage, said he’s seeing more mortgage fraud attempts.
“On the lender side, we’ve started seeing an influx of those fraudulent files. We were able to catch them and stop them in the very beginning of the process,” Meta told CTV News.
Mehta said he’s heard of realtors selling fraudulent documents, so clients can qualify for a mortgage.
“Some people may even charge a fee to get those documents, and then get paid from the lender as a commission,” he explained.
Mehta said mortgage fraud not only hurts the lender, but the entire real estate market by potentially increasing competition and property prices.
Foreign interference special rapporteur David Johnston has resigned, CTV News has confirmed. In a letter to Prime Minister Justin Trudeau, Johnston cited the intense politicization of his appointment and work, as the reason for his coming departure.
Fires across the country are burning millions of hectares of land but what does that really look like? CTVNews.ca compared the blazes to some cities and lakes in the country showing just how big they have gotten.
Former U.S. president Donald Trump is facing 37 felony charges related to the mishandling of classified documents, according to an indictment unsealed Friday that alleges that he described a Pentagon 'plan of attack' and shared a classified map related to a military operation.
Former U.K. Prime Minister Boris Johnson shocked Britain on Friday by quitting as a lawmaker after being told he will be sanctioned for misleading Parliament.
Despite the alarming facts and figures, experts say Canada is far more reactive than it is proactive when it comes to wildfires and they’re calling for a national campaign on wildfire education to better prepare for the future.
Showers are predicted Saturday over the aggressive wildfire threatening Tumbler Ridge, but forecasters say thunderstorms could sweep through the parched region without bringing any rain.
Air Canada says it made a mistake in rejecting some compensation claims from the thousands of travellers affected by delayed flights due to computer malfunctions.
Disturbing new details about a man accused of kidnapping and sexually assaulting women in Calgary have come to light, as court documents exposing accounts from his alleged victims have been unsealed.
Calgary police are warning the public about a high-risk offender who was released into the community on Friday after spending time behind bars for a series of sexual assaults.
Alberta Premier Danielle Smith named her new cabinet Friday, about two weeks after her United Conservative Party took the majority of seats in Alberta.
A Vaughan man thought he had done the right thing by equipping his brand new SUV with tracking technology offered by the manufacturer — but when it was stolen, he faced plenty of roadblocks sharing that location with the police chasing after it.
Hundreds of counter-protesters gathered near three schools in Ottawa's west end on Friday to take a stand against a B.C. man who is protesting what he calls "gender ideology."
Foreign interference special rapporteur David Johnston has resigned, CTV News has confirmed. In a letter to Prime Minister Justin Trudeau, Johnston cited the intense politicization of his appointment and work, as the reason for his coming departure.
The Sir John A. Macdonald Parkway in Ottawa's west end will be renamed Kichi Zībī Mīkan, if approved by the National Capital Commission's board of directors.
Authorities in West Vancouver say it's lucky more people were not harmed when a driver crashed his car through the entrance of a Whole Foods Friday, coming to a stop in the busy produce section.
An "incredibly volatile" wildfire is moving closer to the B.C. community of Tumbler Ridge and officials are urging the roughly 150 people who have stayed behind—in spite of an evacuation order—to leave immediately.
Montreal police (SPVM) stats for 2022 show that crime went up dramatically in 2022 and, taking COVID-19 pandemic numbers into account, violent crimes have been on the rise overall since 2017. In addition, motor vehicle thefts skyrocketed, having more than doubled since pre pandemic years.
A chain of illegal magic mushroom dispensaries in Ontario is determined to open a location in Montreal this summer despite the threat of a crackdown by Mayor Valerie Plante.
Wildfire officials are sending an additional 20 firefighters to help battle an out-of-control blaze that has burned more than two square kilometres of forest and cut off a major highway on Vancouver Island.
A vehicle detour route that is serving as a lifeline between eastern and western Vancouver Island amid a raging wildfire will be closed for much of the day Friday.
Nova Scotia says it has identified more details about the records stolen in a file transfer service cyber attack, impacting teachers, students and health care workers' records.
A tenant displaced in the downtown Sudbury fire last month said her hotel is denying her request to move her room to a centralized location following an attempted break-in.
About 40 people who say they've been impacted by an increase in crime since the Living Space homeless shelter moved into their neighbourhood have taken their messages to the street.
London, Ont.’s soaring skyline has come with a substantial price tag for local taxpayers. A municipal financial incentive intended to encourage residential construction in downtown London has reimbursed developers millions of dollars to offset development charges in recent years.
