The appellant purchased a property from a court-appointed receiver for $6.2 million and secretly agreed to re-sell it to a third party for $9 million before closing.
To avoid land transfer tax and ensure court approval of the initial sale, the appellant and his lawyers falsely represented to the receiver that the third party was the appellant's incorporated company.
The motion judge found the appellant liable for fraudulent misrepresentation.
On appeal, the Court of Appeal upheld the finding of personal liability.
The Court also dismissed the interveners' (the appellant's former lawyers) argument that they were denied natural justice when the motion judge made adverse findings against them in their absence, holding that non-parties do not have a right to be heard in such circumstances.