Ottawa real estate investor found guilty on 27 counts of fraud

Ottawa real estate investor found guilty on 27 counts of fraud

A judge ruled that James Edward “Jim” Pellerin made false representations to his lenders about the security interest of their loans, then paid himself about $150,000 in salary — plus other personal fees and expenses — with funds withdrawn from their investments.

Article content

A prominent Ottawa real estate investor who has authored multiple books on the subject has been found guilty of defrauding 17 different lenders of $30,000 each on a failed house-flipping scheme in Carleton Place.

James Edward “Jim” Pellerin was found guilty on 27 counts of fraud by Superior Court Justice Robert J. Smith after

Actual Property Boss Pleads Guilty To ‘Disgraceful Conduct’

Real EstateRead the latest information about residential and business actual estate within the Seattle space and Pacific Northwest. Steep worth rising – Should you don’t catch the wave immediately, it’s seemingly that things will turn. In the perfect case, the increase will likely be much less rapid. It is good to speak with a professional housing market specialist. Ask your real estate agent for recommendations.

The entire world of recent house real property property just isn’t a lot completely different. All over America, developers are confronted with the situation of an excessive quantity of inventory or way too many unsold new houses. They too are selling sales as builders incentives. Here’s a sampling of among the higher incentives we’ve discovered there. You’ll want to go to the builder’s sites to see the stipulations that go together with the various promotions.

Get started using a short time lease. A not too distant …