A B.C. agent who had his licence suspended for five years after allegedly forging a letter of employment tells MortgageBrokerNews.ca he is innocent of any wrongdoing, although he has no plans to reapply for brokering privileges.
“It was a false allegation,” Shaoaullah Sadeghi told MortgageBrokerNews.ca. “I tried to sell my house (and) the person who was buying my house took the (employment) letter that I gave him and he forged it to be under another company name and applied for a loan again and the Mortgage Broker Act tried to connect all these things together.”
A consent order issued by the province of British Columbia stated that “Mr. Sadeghi conducted himself in a manner that would make him disentitled to registration if he was an applicant under s. 4 of the Act by authoring an employment letter on (redacted) letterhead for (redacted) in support of (redacted)`s application for mortgage financing, knowing that the information contained in the letter was not true.”
Sadeghi was employed by YesPros Mortgages as a submortgage broker, though the mortgage application that has landed him in legal hot water was not processed through YesPros.
“It wasn’t that any transaction that went through our office,” Soheil Armon, Director of YesPros Mortgages told MortgageBrokerNews.ca. “He was dually licensed as a broker and a Realtor (and) he issued a letter to, I believe, a client that he was buying a property for.
“He hasn’t done any applications since he joined us; that letter was used to get a mortgage but it was not through our office.”
Sadeghi does not plan to reapply under the Mortgage Broker Act once his five year suspension is up. At the time of publication, he was still listed as a broker on YesPros’s company website.