On the surface it looks awful but in reality these claims always include every lawyer and accountant who went near a suspicious transaction.
Almost all the lawyers and accountants were entirely free of any wrongdoing (some aren't and crooked lawyers are a very bad thing).
My bet?
Devinder Shory is entirely innocent of any wrongdoing and he's been pulled in as a bystander.
Conservative MP implicated in alleged mortgage scam worth millions
Calgary— The Canadian Press

A backbench MP for Prime Minister Stephen Harper's Conservative Party is among those named in a lawsuit alleging a $70-million mortgage scam at the Bank of Montreal.
Devinder Shory, MP for Calgary Northeast, is one of more than 100 people — including other lawyers, mortgage brokers and even staff at the bank itself — targeted in the suit, filed in Calgary by the bank.
Mr. Shory, 51, said in a statement late Wednesday that he's "done nothing wrong."
He was elected to Parliament in 2008 after failing to gain a provincial Tory nomination seven years earlier. He currently serves on the Joint Security and Regulations Committee and the Natural Resources Committee.
The bank says it has been scammed in several schemes in Western Canada that were first flagged in a security check four years ago. It alleges the defendants found undervalued houses in upscale neighbourhoods, then paid someone a few thousand dollars to put his or her name on a mortgage application.
Documents were then forged to inflate the value of the property and to fool the bank into believing the buyer had the ability to pay. Once the mortgage was approved, the fraudsters pocketed the profit and the money was sent overseas, the bank alleges.
It says the mortgages were worth $69.5-million. After foreclosures, it expects the gross loss to be $30-million and hopes through the lawsuit and other means to reduce the loss even further.
According to the statement of claim, Mr. Shory was among a number of lawyers associated with a group of defendants that were allegedly identifiying property to be used in the fraudulent schemes. The group would then find and pay so-called "strawbuyers" to apply for the mortgage, the sums ranging between $3,000 and $8,000. Mr. Shory and the lawyers, says the statement of claim, also modified the strawbuyers' assets and income totals to make them more appealing candidates for the mortgage money from BMO
5 comments:
You don't know enough about it at this point to make an opinion.
I agree -- that's why we shouldn't be slagging the guy
I will be interested to see if Harper will have Shory sit outside of caucus until he has proven his innocence - or is guilty. After all, he removed Geurgis & so far nothing has been found with her yet. Plus she has been removed, now, from being a Con candidate in her riding.
What's good for the goose should also be good for the gander, no?
Liberals at some point might wonder why they are stuck at 26%.
This is why.
I think James has figured it out. The Libs have become the TMZ party.Scandals, fraud,torture, the F word ohhhh; What about economy ,jobs, interest rates?
The Libs are still looking for a short cut back to power. They are not interested in policy or rebuilding by engaging Canadians. It is all about smear. Granted some of it may stick but then you have to look in the mirror. It ain't pretty.
The Bloc Torontois tossing of the hapless Dion then installing Iffy as leader was a fatal mistake.
The Chretien and Martin factions continue in their war for power.
The once "natural ruling party" has become irrelevant.
The left of the party will end up merging with the NDP.
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