Unlicensed broker charged with 18 offenses

Unlicensed broker charged with 18 offenses

Unlicensed broker charged with 18 offenses

Glenn Whitter is alleged by FSCO to have used online dating to borrow and lend on real estate properties without a license and faces nine counts of dealing in mortgages without a broker license, totalling 18 charges under Ontario's Mortgage Brokerages, Lenders and Administrators Act, 2006.

“It is alleged that Mr. Whitter solicited individuals to borrow and lend money on the security of real property without a licence from FSCO,” a release from FSCO reads. “It is also alleged that Mr. Whitter solicited some of these individuals through online dating websites.”

One of these individuals, a web designer Whitter is alleged to have contacted in the hopes of establishing his own dating website, shared her story on glennwhitter.com in the hopes of raising awareness about his alleged fraudulent activity. It also includes the contact information for RCMP officer, Marcel McLennan.

“I am sharing my story, and the stories of Glenn Whitter’s other (clients), in order to inform current and potential victims on how he works his scheme,” the website reads.

The web designer points to a mortgage deal closed with Whitter that, she says, defrauded her of $1,850 by having her purchase Royal Bank shares from one of Whitter’s clients.

The notice from FSCO states that Whitter appears to be affiliated with Cretus Capital Inc. and Whitcor Consultant – both of which have had separate FSCO warnings issued stating they are unlicensed to sell mortgages.

4 Comments
  • Brett 2014-01-07 8:54:30 AM
    Should it not read - unlicensed individual. Broker would imply a license of some sort.
    Post a reply
  • Nick Bachusky 2014-01-07 9:14:24 AM
    This stuff seriously still goes on?
    Post a reply
  • Brett 2014-01-07 9:16:34 AM
    read the stuff on: http://www.glennwhitter.com/
    They have a support group set up for the women he took advantage of.
    Post a reply