The accused was sentenced following conviction for four counts of fraud over $5,000 arising from two real estate transactions involving straw purchasers and fraudulent mortgage documentation.
Financial institutions and an insurer suffered losses exceeding $267,000.
The court emphasized denunciation and general deterrence for large-scale fraud, rejecting a conditional sentence despite the offender’s lack of criminal record and health issues.
Delay between the offences and sentencing and the offender’s medical condition reduced the sentence from a potential penitentiary term.
The court imposed a custodial sentence, restitution under s. 738 of the Criminal Code, and a fine in lieu of forfeiture under s. 462.37.
