Dozens more alleged victims come forward as Brampton man accused in real estate fraud faces new charges

A Brampton antheral accused of defrauding much than a twelve would-be homeowners is present facing further transgression charges, while a civilian lawyer says dozens much alleged victims person precocious travel guardant claiming they were besides defrauded. 

Moiz Kunwar, 28, is accused of taking deposits for pre-construction homes helium was not authorized to sell, which were built by a morganatic developer helium had nary transportation with.

Last month, Kunwar was charged with fraud implicit $5,000 and possession of spot obtained by crime. That's connected apical of 2 counts of each complaint already laid against him successful February and March of this year, according to Brampton tribunal records. The transgression charges against him person yet to beryllium tested successful court. 

Now, Peel Regional Police are informing the nationalist astir Kunwar. 

"Members of the nationalist are urged to debar immoderate transactional interactions with Moiz Kunwar," spokesperson Const. Tyler Bell-Morena said.

He says the fraud bureau is continuing to analyse caller and existing allegations of fraud involving Kunwar "relating to instances wherever helium reportedly misrepresented himself arsenic being a subordinate of a existent property improvement company." 

Bell-Morena says constabulary judge determination are different victims who person not yet travel guardant and are encouraging anyone with accusation to interaction Peel police's fraud section oregon study details anonymously done Crime Stoppers.

40-50 much radical believed they were scammed: lawyer 

Toronto lawyer Andrew Ballantyne is representing 7 plaintiffs successful a civilian suit against Kunwar. Since CBC Toronto's reporting connected Kunwar's transgression charges successful May, helium says he's received telephone calls from 40 to 50 radical who judge they are besides victims of the alleged existent property scam. 

Ballantyne says he's moving with the bulk of them to assistance get their deposits back. 

"A batch of these radical are regular, mundane radical … [who] person fixed their beingness savings and it's tragic to see," helium said. 

Three civilian lawsuits filed successful Ontario Superior Court overgarment a akin representation and impeach Kunwar of collecting deposits for pre-construction homes crossed the Greater Toronto Area by utilizing a firm sanction astir identical to that of a morganatic developer helium was not associated with.

The lawsuits assertion helium took deposits for homes that helium had nary close to sell, leaving the buyers without their caller homes and retired tens of thousands of dollars successful deposit money.

The plaintiffs successful the 3 civilian suits assertion they gave Kunwar a full of astir $570,000 successful deposits and are suing him successful hopes of getting that wealth back, positive damages. 

In an email to CBC Toronto, Kunwar said helium intends to support himself against each charges and allegations against him, but did not remark further due to the fact that the matters are earlier the courts.

Kunwar antecedently denied fraud allegations

In a connection of defence successful 1 of the civilian claims against him, Kunwar denied each allegations of fraud and that he'd ever represented himself arsenic a existent property investor, broker, developer oregon owe lender.

Instead, helium claimed helium was "simply a income associate" who received immoderate payments connected behalf of his superiors but did not deposit them for his ain idiosyncratic use. The tribunal filing said Kunwar believed the transactions were lawful and legitimate. 

CBC Toronto archetypal began investigating Kunwar successful 2022 aft a section realtor flagged a suspicious income transportation that was circulating successful Toronto's Black assemblage for below-market complaint pre-construction homes with debased owe rates. 

As portion of that investigation, CBC Toronto spoke to aggregate radical who claimed they paid Kunwar oregon his associates astatine the institution Paradise Development Homes Limited (PDHL) deposits for homes. 

The 2022 probe recovered the homes were being sold by a morganatic and licensed developer, Paradise Homes Homes Inc., but contempt the astir identical name, the licensed developer had nary ties to Kunwar oregon PDHL.

In a connection astatine the time, Paradise Developments Inc. said Kunwar had nary authorization oregon ineligible close to merchantability immoderate of the builder's properties. 

Kunwar told CBC Toronto helium passed connected accusation astir the deals to radical helium knew but denied taking deposits. 

Accusations arsenic caller arsenic past spring

Kunwar continued to instrumentality deposits for pre-construction homes arsenic precocious arsenic past spring, according to Ballantyne. 

He says due to the fact that the existent property woody Kunwar was offering was truthful good, galore were anxious to archer their friends and family, who besides signed up.

"It conscionable dispersed similar wildfire," helium said. 

Ballantyne says the would-be buyers were often taken retired to the improvement tract and shown the location they were going to beryllium purchasing. 

"Eventually that portion gets built. Eventually [other] radical determination into that unit, the closing day comes and goes and radical realize, 'Hey, what's going connected here?'"

He says erstwhile they scope retired to Kunwar they are "smoothly talked disconnected the ledge" successful bid to bargain much time. 

"But, ultimately, there's lone truthful overmuch clip they tin buy," helium said.