A Brampton man accused of defrauding more than a dozen potential owners now faces additional criminal charges, while a civil lawyer says that dozens more of alleged victims have recently presented themselves claiming that they were also disappointed.
Moiz Kunwar, 28, is accused of taking deposits for houses prior to construction that was not authorized to sell, which were built by a legitimate developer with whom he had no connection.
Last month, Kunwar was accused of fraud of more than $ 5,000 and possession of property obtained by the crime. According to the records of the Brampton court, that is already at the top of two positions of each position in February and March this year. The criminal charges against him have not yet been tested in the Court.
Now, Peel Regional Police is warning the public about Kunwar.
“Public members are urged to avoid any transactional interaction with Moiz Kunwar,” the constant const. Tyler Bell-Morena said.
He says that the fraud office continues to investigate new and existing fraud accusations that involve Kunwar “in relation to cases in which, according to reports, it was misrepresented as a member of a real estate development company.”
Bell-Morena says that the police believe that there are other victims who have not yet presented and are encouraging any person with information to contact the Frankon Department of Peel Police or inform the details anonymously through Crime Stoppers.
40-50 more people believed they were scammed: lawyer
Toronto’s lawyer, Andrew Ballantyne, represents seven plaintiffs in a civil lawsuit against Kunwar. From CBC Toronto reports on Kunwar’s criminal charges in MayHe says he received telephone calls from 40 to 50 people who believe they are also victims of the alleged scam of real estate.
Ballantyne says she is working with most of them to help recover her deposits.
“Many of these people are regular and common people … [who] I have given your life savings and it is tragic to see it, “he said.
Three civil lawsuits presented in the Superior Court of Ontario paint a similar image and accuse Kunwar of collecting deposits for houses prior to construction in the Metropolitan area of Toronto by using a corporate name almost identical to that of a legitimate developer with which he was not associated.
The demands claim that he took deposits for houses that had no right to sell, leaving buyers without their houses new and tens of thousands of dollars in deposit money.
The plaintiffs in the three civil demands claim that they gave Kunwar a total of almost $ 570,000 in deposits and are demanding it with the hope of recovering that money, more damages.
In an email to CBC Toronto, Kunwar said he intends to defend himself from all charges and accusations against him, but did not make more comments because the issues are before the courts.
Kunwar previously denied fraud accusations
In a defense statement in one of the civil statements against him, Kunwar denied all the accusations of fraud and that he had once represented himself as a real estate investor, corridor, developer or mortgage lender.
Instead, he said he was “simply an associate of sales” that received some payments on behalf of his superiors, but did not deposit them for his own personal use. The presentation of the court said that Kunwar believed that the transactions were legal and legitimate.
CBC Toronto began investigating Kunwar in 2022 After a local real estate agent marked a suspicious sale argument that circulated in the black community of Toronto for housing prior to the market below the market with low mortgage rates.
As part of that investigation, CBC Toronto spoke with several people who said they paid Kunwar or his associates in the Paradise Development Homes Limited (PDHL) deposits.
The 2022 investigation found that the houses were being sold by a legitimate and licensed developer, Paradise Homes Homes Inc., but despite the almost identical name, the licensed developer had no links with Kunwar or PDHL.
In a statement at that time, Paradise Developments Inc. said Kunwar had no authority or legal right to sell any of the builder’s properties.
Kunwar told CBC Toronto that he transmitted information about the agreements to the people he knew, but denied having taken deposits.
Accusations as recent as last spring
Kunwar continued to take deposits for houses prior to construction as recently as last spring, according to Ballantyne.
He says that because the real estate agreement that Kunwar was offering was so good, many were eager to tell their friends and family, who also registered.
“It simply spread like a forest fire,” he said.
Ballantyne says that possible buyers were often taken to the development site and showed the house they were going to buy.
“Finally, that unit is built. Finally [other] People move to that unit, the closing date comes and goes and people realize: ‘Hey, what is happening here?’ “
He says that when they get to Kunwar they “speak without problems of the shelf” to buy more time.
“But, ultimately, there is only so much time that they can buy,” he said.
