Friday Jun 24th, 2022


Two founders of Fortress Real Developments have been charged with fraud after a multi-year investigation of a syndicated mortgage scheme.

The Royal Canadian Mounted Police said that Jawad Rathore and Vince Petrozza were among those who orchestrated “an ongoing scheme whereby they did not disclose the various risks to brokers and investors.”

The Fortress founders were each charged with one count of fraud under the Criminal Code and one count of “secret commissions.” The probe was launched after a 2016 complaint to the RCMP that implicated Fortress in a wide-ranging scheme that was “fraudulently obtaining investments.”

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