Canadian Police convicts 2 individuals in the Fortress syndicated mortgage investment fraud, defrauding 800 investors, sentencing them to 5 years and ordering to pay $12.2M in restitution each

Both men were convicted of one count of fraud over $5,000 and sentenced to five years in prison, ordered to pay $12.2 million each in restitution (with matching prison terms if unpaid), and given 10 years to satisfy the restitution orders. The RCMP’s Toronto Integrated Market Enforcement Team (IMET) led the investigation, highlighting efforts to protect Canadian investors from large‑scale financial crime, while noting the significant financial and psychological harm suffered by victims…