Bank of Montreal is suing hundreds of people after mortgage scamp costs exceed $30 million



The Bank of Montreal is suing hundreds of people — lawyers, mortgage brokers, its own employees and even a member of Parliament — over what the bank says is a mortgage fraud involving $120 million in property.

In a lawsuit filed by BMO, the bank said it lost over $30 million during the real estate boom in fraudulent mortgages given to properties all around southern Alberta.

Read the full article, “Huge mortgage scam hits BMO” in the Vancouver Sun (May 6, 2010).

Developments featured in this article

More Like This

Facebook Chatter