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• Scammed investor 2018-12-11 3:47:39 PM This is pure spinning in favour of a scam company that defrauded honest investors of hard earned money. It’s a sophisticated scam of mass proportions. Over 11,000 investors are/will be defrauded. Had investors known that brokers were getting 35% commission on the investment and that investors were receiving their 8% interest from their own funds and had we known that FSCO was incompetent and that the ILA lawyer was in cahoots with Fortress, no one would ever handed over money; Notwithstanding that brokers/agents blatantly lied about the risk involved with the scheme or really scam.

• Fighting against Fortress 2018-12-11 3:35:52 PM You state that: 4) Investors were advised in the FSCO disclosure that the investment was considered High Risk, was not insured by the Government of Ontario, "This mortgage investment cannot be guaranteed by the mortgage brokerage. If you are not prepared to risk a loss, you should not consider mortgage investments." —Investors were lured in by brokers and investment advisors stating this was a low risk investment. At no time did my advisor ever tell me that this was a high risk investment. Do you really think all these investors would have invested 25k to 500k if this was a high risk investment? I don’t think you have any idea as to how many thousands of investors’ lives have been torn upside down by the Syndicated Mortgage shady industry.

• 2018-12-11 3:02:41 PM Coming from someone who sold lots of this junk to unsophisticated investors, I believe you can not be called "Investor Voice", you should be called "Fortress/BDMC voice", your opinion is totally biased. I know because I am an investor and I guarantee you Sir that NO ONE has named this investment "risky investment" and neither I have asked to invest in anything risky! You should shame yourself for destroying so many lives indirectly.

• David Franklin 2018-12-11 2:29:06 PM Investor Voice, please advise who from Fortress told you that 35% of the investors' funds were being paid from the monies raised from investors and when you told this? When you sold these investments to your investors, did you tell them about the 35% fee? If you did how did you explain this fee to them? Did you tell your investors that 1. the 8% interest payments were being paid from the monies they invested? 2. they needed to open their RRSP accounts with Olympia even though it was not licensed to do business in Ontario in order to invest in Fortress mortgages? 3. according to the Olympia Trust Company RRSP account documents they signed that they were responsible for determining that their investments were RRSP eligible and if they weren't that they were required to pay to CRA a tax of 50% of the amount they invested? 4. they required a current as is appraisal from a qualified appraiser and that the opinion of value was based on a future value? 5. the FSCO Form 1, Investor/Lender Disclosure Statement had the box for appraisal checked when there was no appraisal and only an opinion of value? 6. these were high risk investments suitable only for sophisticated investors who could afford to lose all of their investment? 7. the 8% return was below market rate and should be 20-30%? 8. there were safer mortgage alternatives such as residential first mortgages at 70% loan to value based on a current as is appraisal for a one-year term at 8%? 9. the Form 9D was a Law Society of Ontario form that had to be completed by an Ontario lawyer and not by a mortgage broker, Ildina Galati? 10. mortgages do not contain Force Majeure clauses but certain Fortress mortgages did and that this could allow the borrower to extend the maturity date forever? 11. the developers were not blue chip since “Blue chips generally sell high-quality, widely accepted products and services. Blue chip companies are known to weather downturns and operate profitably in the face of adverse economic conditions, which helps to contribute to their long record of stable and reliable growth.”. 12. the lawyers providing independent legal advice were being paid from the 35% fee and that that the lawyers providing this service were not in compliance with the Rules of Professional Conduct of the Law Society as set out in the notice the Law Society sent out? Read the following link. https://lso.ca/lawyers/practice-supports-and-resources/practice-area/real-estate-law/notice-to-lawyers-concerning-syndicated-mortgages#Some_Characteristics_of_SMIs_referenced_in_this_Notice 13. when a Fortress mortgage failed that investors were placed in other Fortress mortgages contrary to MBLAA and other laws, SkyCity in Winnipeg being one of the projects where this happened? 14. as example of loan to values, that the closing of the Collier Centre in Barrie purchase was $4 million with only $500,000 as a down payment in July 2012 and that that mortgage of about $17 million was registered in August 2012, about 4,25 times the purchase price? 15. the OSC sanctioned Jawad Rathore and Vince Petrozza in December 2011? 16. the Auditor General of Ontario issued its report in August 2014 stating that FSCO, the regulator that was to protect mortgage investors was incompetent? 17. the Panel of three created by the Minister of Finance, Charles Sousa, issued its report to the Minister in March 2016 which confirmed that FSCO was incompetent? Why isn’t Fortress funding the expenses of the trustee FAAN Mortgages and the lawyers involved with them, since 35% of the $920 million raised was $322 million? After you respond to these questions, I may provide you with more questions to answer?

• Maximilian von Hohenzollern 2018-12-11 10:02:33 AM Well, that's pretty strange