Help....when was the last time a pink sheet stock went to OTC. Is PAVP just blowing smoke up the arse?????? Would love to see another WNMI replay
OR IS THIS SCAM PART II
Fraudulent mortgage broker fined after pleading guilty
BYLINE: KRISTIN GOFF; CITIZEN
BODY:
Andrea Michael Cortellazzi, has been fined and placed on probation after pleading guilty to fraudulently collecting fees to arrange mortgages and for operating as an unregistered mortgage broker.
Cortellazzi, who operated James Andrews Development Corporation on Bank Street, pleaded guilty to two counts of fraud over $ 1,000 in connection with complaints that he collected fees to arrange mortgages, but didn't refund the money when mortgages were never arranged.
He was ordered to repay $ 7,685 to two victims whose complaints led to the fraud charges and was placed on 24 months probation, after pleading guilty in Provincial Court in Ottawa.
Cortellazzi also faces a fine of $ 5,000 or five months in prison, for operating as a mortgage broker without registering under the Ontario Mortgage Act.
Cortellazzi's wife, Giovanna Raso, who operated JRC Realty Consulting at the same Bank Street location, was convicted in February of carrying on a business as a mortgage broker. She was fined $ 2,000. Cortellazzi's employee, Denis Clairmont, was also fined $ 500 after conviction for the same offence. |
