Brampton Man Faces New Charges in Alleged Real Estate Fraud as Dozens More Come Forward
Police have accused a Brampton man, already charged in a real estate fraud case, of targeting dozens more victims. They have charged 28-year-old Moiz Kunwar again with fraud over $5,000 and possession of property obtained by crime. These new charges add to ones laid in February and March.
Accused of Taking Deposits on Homes He Didn’t Own
Peel Regional Police say Kunwar allegedly collected large deposits for pre-construction homes he had no authority to sell. The homes were part of a development from a legitimate builder, Paradise Developments Inc., which says it has no connection to Kunwar or his business entity, Paradise Development Homes Limited (PDHL).
Kunwar is accused of using a near-identical company name to mislead buyers. Three civil lawsuits claim he accepted almost $570,000 in deposits for homes he had no legal right to sell.
Police are asking the public to avoid any financial transactions with Kunwar and to contact investigators or Crime Stoppers with information.
Victims May Number in the Dozens
Since news of Kunwar’s charges broke earlier this year, Toronto lawyer Andrew Ballantyne has received calls from 40 to 50 new individuals who say Kunwar scammed them too. He currently represents seven plaintiffs and is working with many others to recover lost deposits.
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“A lot of these people are everyday folks,” Ballantyne told CBC. “They gave their life savings and now they’re left with nothing. It’s tragic.”
Kunwar has denied all wrongdoing. In a statement of defence, he claims he was a sales associate and didn’t profit personally. He said he believed the transactions were legitimate.
Police Warn of Ongoing Risk
Peel police say the fraud bureau investigation is ongoing, with more potential victims expected. Spokesperson Const. Tyler Bell-Morena urged anyone affected to come forward, as more charges may follow.
Kunwar reportedly continued collecting deposits as recently as spring 2024, convincing buyers through low mortgage promises and below-market pricing. Scammers took victims to real construction sites and showed them units they thought they owned—until other buyers moved in and closing dates passed without notice.
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“He’d reassure them, buy time, then disappear,” Ballantyne explained. “It spread like wildfire.”
More…
- https://www.cbc.ca/news/canada/toronto/brampton-man-accused-real-estate-fraud-more-victims-charges-1.7583236
- https://www.insauga.com/real-estate-frauds-worth-over-500k-lead-to-charges-and-lawsuits-against-brampton-man
- https://www.cbc.ca/news/canada/landlords-real-estate-agents-1.7584678
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