Financiers who defrauded investors in Man. and Ont. projects each sentenced to 5 years in jail, $12 million | Page 880 | Unpublished
Hello!
Source Feed: CBC News - Canada
Publication Date: February 2, 2026 - 15:27

Stay informed

Financiers who defrauded investors in Man. and Ont. projects each sentenced to 5 years in jail, $12 million

February 2, 2026

Jawad Rathore, 49, and 50-year-old Vince Petrozza were executives for Fortress Real Developments Inc., a defunct Toronto-area syndicated mortgage company that raised funds for a failed 45-storey tower in downtown Winnipeg called SkyCity and a Barrie mixed-use development called the Collier Centre.



Unpublished Newswire

 
I also want to acknowledge the shock, disbelief, sense of betrayal and struggle to understand “Why me?” that so many will be experiencing. The forces driving the need for change have nothing to do with your passion, dedication, ability or whether there was value in what you contributed. You have served Canada and Canadians proudly, faithfully and well. Understanding how such dissonant things all can be true at the same time will be a seemingly impossible task. Read More
February 16, 2026 - 04:00 | Alex Robinson | Ottawa Citizen
February 15, 2026 - 21:39 | Jesse Winter | The Globe and Mail