Following a trial, the accused, Arif Ali Versi, was found guilty of five counts of fraud over $5000, resulting in total losses of $338,400 to five victims through a real estate scheme.
The Crown sought a penitentiary sentence of 3.5 to 4 years and ancillary orders, including a fine in lieu of forfeiture.
The defence sought a conditional sentence and probation.
The court considered aggravating factors such as the deliberate and sophisticated nature of the fraud, significant losses, multiple victims, and the accused's prior fraud convictions and failure to pay restitution.
Mitigating factors included family support and positive steps taken since arrest.
The court determined that a penitentiary term was required, imposing a sentence of 3 years imprisonment, along with a restitution order for $338,400 and a fine in lieu of forfeiture for the same amount.
Ancillary orders included a no-contact order with victims and a DNA order.