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• Screwed Investor 2018-12-14 10:30:18 AM Hi Everyone, Why are we debating the posters in here? We should be sharing resources and providing more evidence of fraud for the investigators. We need to dig up the hidden assets of Jawad and Vince and the owners of FDS, FMP and FNM. Though we have all lost money, and we will never see our funds again, we need to come together and ensure career scam artists like Jawad and Vince are convicted for their financial crimes.

• No One Wins 2018-12-14 9:45:57 AM People like David Franklin who stoke the fire before there is one are also to blame for bringing down the building. While I don't disagree that there were unethical practices at play, those stoking the fire are just as bad. David is just like those calling people witches and watching them burn without burden of proof.

• Concerned for my investment 2018-12-14 9:17:11 AM Mr Franklin, I've had the opportunity to watch the banter back and forth with you and Clarence. While I appreciate everyone's passion on this the real concern is for us investors. Let me ask you 3 questions: 1) on your website you have the statement of claims from 2017 against fortress posted. Why have you not updated that they've been thrown out? 2) who to you expect to cover the cost of a class action. Unfortunately most investors are not sophisticated enough to know that a claim will cost 1 million and 3 to 5 years in court. Plus, if the suit is lost there will be costs awarded against the plaintiff. You are in it for the money as well. Let's just call a spade a spade. Unless you want to fund this all yourself and cover any potential risk of loss then I'm all in. 3) if we get a judgement then what is the chance of recovery? The lawyers and receivers fees are priority over the investors. There could be nothing to get. Don't get me wrong. I'm all for getting some cash back but not to further line more lawyer's pockets. So will you put your money where your mouth is??

• Investor 2018-12-14 6:46:20 AM When my wife lost her job she received a RRSP lumpsum payout which she placed in an RRSP fund with Manulife. Her RRSP funds were safe and received modest returns. Our accountant Imtiaz Ahmed advised us to invest in Fortress/BDMC ensuring us that this is a secure investment with guaranteed returns. Imtiaz claims to be a very religious person and likes to mention that he delivers cermons n mosques. To gain our trust he called me his brother and called my wife his sister. To cover his tracks, Imtiaz also introduced us to an investment advisor Asif Khan who supposedly facilitated this transaction. Asif khan although denies any involvement and places the blame on Imtiaz Ahmed. Imtiaz Ahmed also denies being responsible and tells us to follow up with Asif Khan. I guess defrauding is something Imtiaz does to his brothers and sisters. My wife's RRSP payout was a result of working for her employer for 15 years and seeing her lose everything makes me very sad. Our funds were invested in Adi Developments' Link condos in Burlington, Ontario. After completion, we received a letter stating that the funds will now be used for Link 2. That made us very upset because we had not been receiving any interest payments as promised instead our capital was also at stake now. Trying to contact Fortress, BDMC, FDS, Sorrenti Law etc.... was very frustrating because no one would promptly answer phone calls or emails. In some rare cases if we managed to get a hold of someone, we were given a runaround. What's so disturbing is that when I contactef SCO and FSCO, they either wouldn't respond or refuse to do anything about it with a load of B.S. remark, "we do not comment on an active investigation." Not having access to my wife's RRSP funds and the returns that we were promised has caused us a great deal of stress and financial and emotional hardship. Not receiving any help from any level of government, SCO and FSCO makes things even more difficult. Both Jawad and Vince, the two main figures behind Fortress Real Developments, had their mutual funds licenses revoked due to charging clients undisclosed fees. I would like to know why would FSCO license them to go into another financial business of mortgage brokerage? I consider it criminal negligence and FSCO should be held responsible for it. FSCO is directly responsible for putting public in a position where they would lose their life savings. Ontario government must take action and help investors recover their capital and promised returns. All companies and individuals involved in facilitating these investments must be held accountable and audited for their undisclosed assets to recover people's life savings. I hope Ontario government and courts will do everything to help the victims of this 960 million dollar fiasco before it's too late.

• Cynthia 2018-12-14 3:57:40 AM Any broker that doesn't clearly tell their client that a preapproval is just a rate hold and is not a guarantee should be drawn and quartered. Any realtor who advises a client to make an offer subject free should also be drawn and quartered. The problem isn't the product. It's greedy, commission, corrupt brokers and realtors that aren't doing their jobs properly. The sooner technology replaces mortgage brokers (like it has in much of the US, China, and Europe) the better off the consumer will be. Brokers and realtors days are numbered. It's not a question of if, but of when.