Update: see previous posts – September 24, 2016 Ontario Law Society Raises Compensation Fund to $500,000, December 10, 2013 Ontario: Does the Law Society of Upper Canada Have To Raise the Maximum Compensation to Victims Under the Compensation Fund?
Meerai Cho, 66, pleaded guilty to criminal breach of trust
A Toronto real estate lawyer has been sentenced to three and a half years in prison after pleading guilty of defrauding condominium buyers of over $2 million.
Meerai Cho was charged in August, 2014, with 25 counts each of fraud over $5,000, possession of property obtained by crime and breach of trust.
Cho, 66, was working as a lawyer on behalf of the Centrust Group, and accepted deposits from buyers during the pre-construction of a residential building at 5220 Yonge St. that was never built. The money wasn’t returned and the loss is in excess of $2 million, police say.
Cho pleaded guilty to criminal breach of trust and was sentenced Wednesday to three and half years in custody.
Police are urging victims in this case to contact the The Law Society of Upper Canada compensation fund if they haven’t already.