Toronto lawyer faces 426 charges in North York condo fraud
Posted February 12, 2015 11:11 am.
This article is more than 5 years old.
A Toronto lawyer faces more charges in a North York condo scam from last summer.
Meerai Cho, 63, was arrested in August of 2014 and charged with several offences for the condo project that didn’t get off the ground, and kept nearly $15 million in investor deposits.
The number of charges have increased to 426 from 75 — the charges relate to 142 complainants.
She faces 142 charges of fraud over $5000, 142 charges of possession of property obtained by crime over $5000 and another 142 charges of breach of trust.
The court case is scheduled for April 9.
In August, police raided Centrust’s former offices, where thousands of documents, including contracts, were seized as part of their investigation.
The raid followed a CityNews exclusive on Aug. 22 about Centrust, which sold pre-construction units in 2010 to at least 141 people for two towers. Individual deposits ranged anywhere from $40,000 to $700,000 for residential and commercial units.
