Hamilton family convicted in million dollar mortgage fraud

Hamilton, ON, Canada / AM900 CHML

A mortgage fraud investigation that began six years ago has resulted in the convictions of two Hamilton brothers and their mother.

The Hamilton Police Major Fraud Unit began the probe in 2008 after a complaint of mortgage fraud.

That single complaint led to the discovery of a complex mortgage scheme involving five victims of stolen identity; three from Kitchener and two from Hamilton, six  residential properties; five in Hamilton, one in Simcoe, seven mortgages, and one line of credit.

The total losses to four financial institutions were in excess of $1.2 million.

Allan Mohammed of Hamilton has been found guilty on seven counts of fraud over $5,000 and one count of laundering proceeds of crime.

Andre Mohammed has been convicted of uttering forged documents and two counts fraud over $5,000.

Their mother has been found guilty of two counts of fraud over $5,000 and one count of laundering proceeds of crime.

Sentencing submissions will be presented at the end of August.

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