Arash Missaghi, who was shot in an altercation with an alleged client, faced several multiyear investigations by police forces in different jurisdictions but the charges never stuck
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A businessman shot dead in an altercation with a former client on Monday victimized hundreds of people through myriad enterprises that sparked three major police operations, netted at least $100-million and triggered dozens of lawsuits, according to interviews and court records.
“He appears to have found that that was a very advantageous situation for him because he had this network of family and associates in whose names he could put the assets and properties that he controlled and essentially be immune,” said lawyer Peter Smiley, who is representing several clients suing Mr. Missaghi for mortgage fraud and estimated that victims’ losses exceed $100-million.
“From our records it shows that a complainant filed a fraud report against Arash Missaghi,” said Peel Regional Police spokesperson Constable Tyler Bell-Morena told The Globe this week.
During the penultimate hearing in the case, on July 5, 2021, Justice John McMahon chided Mr. Missaghi and several of his co-accused for foot dragging so much on retaining lawyers that they were putting their rights to a fair trial at risk.
In an e-mailed statement, Keesha Seaton, a spokesperson for the Ontario Ministry of the Attorney General, told The Globe “the Crown carefully considered all the relevant circumstances of the case, as well as the applicable law and the anticipated evidence, and determined there was no longer a public interest in proceeding.”
“You’re functionally deputizing the victims of frauds to pursue an extremely sophisticated multimillionaire fraudster through the court system who is paying some of the best and most expensive lawyers in Toronto to defend him with the money that he stole from you,” Mr. Smiley said.
The original article contains 1,214 words, the summary contains 269 words. Saved 78%. I’m a bot and I’m open source!
This is the best summary I could come up with:
A businessman shot dead in an altercation with a former client on Monday victimized hundreds of people through myriad enterprises that sparked three major police operations, netted at least $100-million and triggered dozens of lawsuits, according to interviews and court records.
“He appears to have found that that was a very advantageous situation for him because he had this network of family and associates in whose names he could put the assets and properties that he controlled and essentially be immune,” said lawyer Peter Smiley, who is representing several clients suing Mr. Missaghi for mortgage fraud and estimated that victims’ losses exceed $100-million.
“From our records it shows that a complainant filed a fraud report against Arash Missaghi,” said Peel Regional Police spokesperson Constable Tyler Bell-Morena told The Globe this week.
During the penultimate hearing in the case, on July 5, 2021, Justice John McMahon chided Mr. Missaghi and several of his co-accused for foot dragging so much on retaining lawyers that they were putting their rights to a fair trial at risk.
In an e-mailed statement, Keesha Seaton, a spokesperson for the Ontario Ministry of the Attorney General, told The Globe “the Crown carefully considered all the relevant circumstances of the case, as well as the applicable law and the anticipated evidence, and determined there was no longer a public interest in proceeding.”
“You’re functionally deputizing the victims of frauds to pursue an extremely sophisticated multimillionaire fraudster through the court system who is paying some of the best and most expensive lawyers in Toronto to defend him with the money that he stole from you,” Mr. Smiley said.
The original article contains 1,214 words, the summary contains 269 words. Saved 78%. I’m a bot and I’m open source!