Guelph, Ont., mortgage broker facing fraud charges after allegedly collecting $8M in investments

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Guelph, Ont., mortgage broker facing fraud charges after allegedly collecting $8M in investments
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A Guelph, Ont., mortgage broker is accused of carrying out several mortgage frauds over the course of nearly two decades.

According to a news release, Charn Ghuman ran mortgage brokerages under different names at 268 Waterloo Ave. and 715 Wellington St. in Guelph.

Police say a long investigation revealed that, between 1995 and 2014, the accused collected some $8 million in investments while paying back just over $1 million in interest using funds from other investors.

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