The offender pleaded guilty to fraud against the Bank of Nova Scotia involving multiple mortgages obtained with false employment and income documentation totalling $1.74 million, charging criminal interest rates to two individuals, and possession of property obtained by crime.
The court imposed a sentence of 30 months imprisonment, consisting of two years for fraud, three months consecutive for each criminal interest rate offence, and one year concurrent for proceeds of crime.
Additionally, fines in lieu of forfeiture totalling $510,488 were imposed.
The corporation was sentenced to fines totalling $325,000.
