MP Shory accused in giant mortgage fraud

[CHIMO]

The Bank of Montreal is accusing Calgary Conservative MP Devinder Shory of having ties to what is believed to be Canada's largest mortgage fraud.

The bank has filed a lawsuit against hundreds of Albertans, including Shory. Civil court documents filed in the lawsuit, and obtained exclusively by CBC News, allege Shory, a lawyer, executed legal transactions that misrepresented the true mortgage owner of at least five Calgary properties.

None of the allegations contained in the lawsuit has been proven in court. Shory declined comment Wednesday when CBC News showed him civil court documents in his Parliament Hill office.

The bank, which is suing lawyers, mortgage brokers and four of its own employees, alleges it was the target of a sophisticated scam operated by 14 interconnected groups that generated at least $140 million, about $70 million of which was for phoney mortgages.

http://www.cbc.ca/canada/calgary/story/2010/05/05/mortgage-bank-shory.html
Wednesday, May 5, 2010 | 5:48 PM MT


Calgary Conservative MP Devinder Shory is named in a lawsuit filed by the Bank of Montreal. (CBC)

[daleo]

1. Alberta will elect any Conservative the party decides to run

Which attracts the worst opportunists. This guy and Jaffer seem to be examples of the type. Then there's Anders, who's a nut, Hawn who's a loon, etc.

[JBoy]

2. This part of the article is quite ironic:

On Monday, Shory added a link on his MP website headlined, "Conservatives Stand Up for Victims of White-Collar Crime."

Tougher sentences for fraudsters!!

[daleo]

3. Well, Jaffer campaigned on being "tough on drugs"

These guys have a knack for irony.

[shockedcanadian]

4. The plot thickens...

Millions sent overseas. International laundering? If so, you are on alot more watch lists than just the RCMPs

http://www.cbc.ca/canada/story/2010/05/06/shory-clients.html