Two men charged with $5 million mortgage fraud

A former mortgage broker and a former lawyer have been charged with an alleged mortgage fraud in Calgary. CBC reports that the case surrounds the sale of a home for $2 million with the funds allegedly held by a lawyer while the transaction was completed however when the time came to hand over the funds police claim both the funds and the lawyer were gone. There is also an allegation that the lawyer and mortgage broker defrauded seven property owners with a bridge financing scheme. The total sum involved in the various alleged actions is $5 million. Floyd Campbell, 46, from Winnipeg has been disbarred and will appear in court on June 17; Brandon Antonini, 43, has withdrawn his mortgage broker licence and will appear in court on June 9. 

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