Toronto Man Scams Millions from Fraudulent Sharia-Compliant Loans…

A Toronto businessman accused of pocketing millions in fraudulent mortgages marketed to Muslims, emptied his accounts and led investigators on “a treasure hunt” to find nearly $2 million in gold bars, a federal prosecutor told a jury Tuesday. Six years later, where the bars have gone remains a mystery for authorities.

 

 

 

Crown attorney Damien Frost made his opening statement at the trial of Omar Kalair, dubbed the “Muslim Madoff” by homeowners who bought into his “Shariah-compliant” mortgages that left them thousands of dollars in the hole.

Kalair, 42, holds a graduate diploma in business, was once admitted to a PhD program in economics, and has spoken at a number of international conferences on Islamic finance — once at Harvard University.

 

“The case we will present to you is about theft, fraud and money laundering,”  Frost told the 12-member jury (five women, seven men) and two alternate members on the first day of the trial.

https://www.cbc.ca/news/canada/toronto/omar-kalair-muslim-madoff-shariah-mortgages-1.4390002

 

Sylvia Davis of Brooklyn, Ohio falsely accused Parma Heights police chief of rape, investigators say

CLEVELAND, Ohio — A 41-year-old woman faces felony charges after she admitted to investigators that she fabricated a rape allegation against Parma Heights Police Chief Steve Scharschmidt, according to officials.

Sylvia Davis of Brooklyn came clean about her allegations after state agents confronted her with multiple inconsistencies in her story as well as cellphone records that showed Google searches that included the phrase “can you go to jail for lying about a cop raping you,” prosecutors said.

A grand jury handed up an 11-count indictment Thursday charging Davis with extortion, intimidation, tampering with evidence and tampering with records.

She is set for a Nov. 1 arraignment in Cuyahoga County Common Pleas Court.

“Chief Scharschmidt is an outstanding police officer and it is appalling that this conniving individual would fabricate this story out of sheer greed,” Cuyahoga County Prosecutor Michael O’Malley told cleveland.com.

Scharschmidt said in a phone interview with cleveland.com that the ordeal had been difficult on him, and hoped the charges against Davis send a message that police officers are not targets.

“We endure a lot as police officers. I know what I signed up for and all policeman do,” he said. “But not something like this. This was just so wrong on a lot of levels.”

https://www.cleveland.com/court-justice/index.ssf/2018/10/brooklyn_woman_falsely_accused.html