A Mississauga lawyer was charged Wednesday for allegedly defrauding shoppers of greater than $10 million.
Peel police stated the 41-year-old lawyer obtained hundreds of thousands of {dollars} in belief for real-estate transactions to permit victims to “repay their excellent mortgages.”
Between June and December of 2021, quite a few victims retained the providers of the lawyer to settle their actual property transactions, police stated.
“(He) didn’t allocate these funds in the direction of the excellent mortgages,” police said in a press launch.
“As such, every sufferer has suffered a major monetary loss.”
The suspect was arrested on an excellent warrant at Pearson Airport upon returning to Canada. “He has been charged with defrauding the general public and breach of belief,” police stated.
The lawyer “used his place of belief” to defraud extreme quantities of cash from “hard-working folks” in the neighborhood, stated Superintendent Hubie Hiltz.
Shahid Malik, 41, proprietor and operator of Shahid Malik Regulation Workplace, appeared on the Ontario Court docket of Justice in Brampton and was held pending a bail listening to scheduled for Thursday.
Police stated they imagine further victims might exist.
Anybody with data is requested to contact the Fraud Bureau at (905) 453–2121, ext. 3335. Info might also be left anonymously by calling Peel Crime Stoppers at 1-800-222-TIPS (8477), or by visiting peelcrimestoppers.ca.
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