It Started: $500 Million in Mortgage Fraud EXPOSED at Canadian Bank
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It Started: $500 Million in Mortgage Fraud EXPOSED at Canadian Bank
This video delves into a significant development in the Canadian real estate market, focusing on potential mortgage fraud and questionable income documentation practices involving a major Canadian bank in Ontario. A whistleblower from HSBCโs mortgage approval department has revealed alarming details about mortgage applications that raised red flags, such as part-time workers with substantial incomes from remote positions based out of China. This includes examples like a part-time hairdresser reporting an income of over $500
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