Stay updated with breaking news from Greg Martel. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The legal vice is tightening on a Victoria mortgage broker accused of running his business like a Ponzi scheme. Greg Martel owes more than $200 million to hundreds of customers who bought investments that may not exist.
Victoria mortgage broker Greg Martel has assured investors he will repay the millions they are owed, but so far, details uncovered by the receiver indicate chances are slim.
Greg Martel, whose whereabouts is unknown, is at the centre of a scandal involving missing millions, distraught investors and financial records that are nowhere to be found.
The owner of a B.C. mortgage company is facing several lawsuits from investors, accusing him of not repaying them.
A Victoria mortgage broker who owns the business Shop Your Own Mortgage is now facing legal issues, including a lawsuit that claims he owes an Alberta company $17 million.