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• David Franklin 2018-12-17 4:57:11 PM On July 3, 2018, Zafar Khwaja, Zik Services Inc., Tony Amendola, (the man behind) FMP Mortgage Investments Inc., and Disjulan Inc. sued Fortress Real Developments Inc., Fortress Real Capital Inc., Vince Petrozza, Jawad Rathore, Soba Ottawa Inc., Brad Lamb Realty Inc. Lamb Development Corporation, and Brad Lamb. The Zafar plaintiffs are claiming “Damages in the amount of $220,335 (the “Khawaja Deposit Monies”) for the Defendants’ breach of the Khawaja Contract and/or for the Defendants’ torts of breach of good faith, breach of trust, deceit, negligent and/or fraudulent misrepresentation and conversion.” The Amendola plaintiffs are claiming “Damages in the amount of $177,575 (the “Amendola Deposit Monies”) for the Defendants’ breach of the Khawaja Contract and/or for the Defendants’ torts of breach of good faith, breach of trust, deceit, negligent and/or fraudulent misrepresentation and conversion.” The claim states: “17 By January 2014 the Plaintiffs had already brought in approximately 140 investors and over $5,000,000 in investor funds for the SoBa project. 18. In or about August 2014, the commencement of construction financing for the SoBa project was conditional on the Fortress and Lamb Developments selling a threshold number of SoBa condominium units. They were short by 15 unit sales. 19. A meeting was held at which Jawad, on behalf of the Fortress and Lamb Defendants, requested that Khawaja appoint notional purchasers for four (4) SoBa residential condominium units and that Amendola appoint notional purchasers for three (3) SoB units of the 15 units. Jawad advised that he would name the remaining notional purchasers for eight (8) units, so that the Lamb and Fortress Defendants woukd meet the minimum requirement for construction financing. 20. Jawad made specific representations at the meeting that if the 15 units were not assigned o notional purchasers immediately, then construction financing would not be approved and the investors could lose the money invested in the SoBa project. 21. An agreement was made between Khawaja and Amendola and the Lamb and Fortress Defendants to submit the agreements of purchase and sale for the SoBa units on the following terms: a. Khawaja and Amendola would submit APS1 – APS 7 from notional purchasers; b. Once construction financing was approved, Khawaja and Amendola could request at any time to terminate APS1 – APS7 and receive a refund of their deposits; and c. Under no circumstances would any of the notional purchasers be required to close the agreements of purchase and sale (the “Khawaja and Amendola Contracts”). 22. Jawad specifically represented to the Plaintiffs at the meeting and in subsequent correspondence that the notional purchasers would not be required to close the transactions contemplated by APS1 – APS7, and that the agreements could be terminated at the sole and absolute discretion of Khawaja and Amendola once construction financing was secured. His representations were made on behalf of both the Fortress and Lamb and induced the Plaintiffs to act as agents for the notional purchasers to provide the agreements of purchase and sale requested. 23. In reliance on the Khawaja contract, Khawaja acted as agent for the notional purchasers Farhat Asghar, Sadaf Khawaja and Ali Hussain (together the “Notional Khawaja Purchasers”) for APS 1 – 4, and in reliance on the Amendola contract, Amendola as agent for Sandra Figliomeni, Amendola, and Ann Maria Amendola for APS 5 – 7, (together, the “Notional Amendola Purchasers” and collectively, the “Notional Purchasers”} 24. Several weeks after the meeting, Brad J. Realty Inc. requested that Khawaja and Amendola provide the signed purchase and sale agreements and deposits in connection with APS1 – APS7. They further requested that the Khwaja Deposit Monies and the Amendola Deposit Monies in connection with APS1 – APS7 be paid by Khawaja and Amendola on behalf of the Notional Purchaser. All communications in connection with APS1 - APS7 were between Lamb-Fortress and Khawaja and Amendola, and not with the Notional Purchasers. 25. At all material times, Brad J. Lamb Realty Inc., Lamb Developments and Brad were aware of and parties to the Khawaja Contract and the Amendola Contract with respect to APS1 – APS7 and knew the Notional Purchasers were not required to close the transactions. 26. In August 2014, Susan Cabecas if Brad J. Lamb Realty Inc. requested the signed APS1 – APS7, which Lamb then signed back on behalf of SoBa Ottawa Inc. and back-dated as far back as January 2014 even though Brad knew that the agreements hadn’t been signed or the deposit paid until August 2014. 27. Jawad was at all material times an agent for the Lamb Defendants with respect to the Khawaja and Amendola contracts.” Is this bank fraud? Did Zafar and Tony admit that they were involved in this fraud?

• Walid Hammami 2018-12-17 4:50:51 PM The median household in Toronto is 78k average house price is 740k that's 10 times higher the median household a 1000% higher than the revenue. So to make the 220% ratios people are putting about 70% down payment. Obviously not true. Unless I am not interpreting properly the information stated. I say the data is polluted or incorrect they are probably counting people with 0$ mortgage or not counting private lenders and other stuff. I can tell you that are up to their neck in debt.

• Scammed Investor 2018-12-17 4:05:42 PM Thieves vs Thieves...bottom line.

• No One Wins 2018-12-17 3:05:21 PM Nope. He's an idiot.

• David Franklin 2018-12-17 2:50:03 PM On July 13, 2018, Zafar Khawaja, the man behind FDS Broker Services Inc. and Zik Services Inc., owned by Zafar, sued Fortress Real Developments Inc., Fortress Real Capital Inc., Jawad Rathore, Vince Petrozza, (the Fortress Defendants) Derek F. Sorrenti and Sorrenti Law Professional Corporation for “$2,186,254.35 plus pre-judgment interest at the rate of 8% per annum from September 19, 2017 for breach of fiduciary duty, unjust enrichment, negligence and fraudulent misrepresentation.” “The Fortress Defendants, at a time unknown to the plaintiffs, transferred part or all of the bridge funds to related persons or corporations and to themselves for their personal gain or benefit, with the intent to defraud the plaintiffs.” So not only have investors been harmed by the Fortress Defendants and Derek Sorrenti, now one of the parties that sold Fortress mortgages has been harmed by them, according to this statement of claim CV18-601492. Does anyone feel sorry for Zafar?