“In newly released court documents investigators allege that hours after Harb took out a $177,000 mortgage on his home in Cobden, Ont., in Oct. 2007, he transferred 99.99 per cent of the title to Magdalene Teo, who was at the time Brunei’s High Commissioner to Canada. She is now Brunei’s ambassador to China.”
Via, NWC
Skimmed that article twice…no mention that Harb is (was) a LIBERAL senator.
Sharp practice indeed. But, as with most Librano operations, it may be dishonest, but is it actually illegal? Something about negotiating in good faith for the mortgage …
Oh, silly me, good faith? Ha! This is Librano-land
CBCpravda will argue he is not now
Maybe they can ask for a “Hurry up and pay order” for the money still owed
form the Adscam files..
I will hold my breath until they do. Well maybe not.
CBC has this pushed way back in the website
not even front of the politics page.
just watching global about the lineups for flu vaccine. he11 you would think it was filmed where this flu came from judging by the patrons.
i read somewhere that mulcair has mortgaged his house 11 times. what a fiscal responsible guy he must be.
“Horton alleges that Harb secured a $170,000 mortgage on a home in Cobden in December 2007 and then, only hours later, transferred 99.99 per cent ownership to a diplomat from Brunei named Magdalene Teo”
“Then, in 2010, Harb claimed to be the sole owner of the Cobden property when he applied for a $240,000 mortgage on his new home in Westmeath, when he in fact owned only 0.01 per cent of it — a share worth only $58, Horton calculated, based on the home’s $567,000 selling price.”
This is fraud, pure and simple. Harb was stupid enough to think he could pull this on one of the Big Five banks.
Unlike the Senate scandal he was part of,there were no rules to be misinterpreted, no vague standards to be misunderstood,Harb knew damned well that you can’t use a property for collateral if you don’t own it.
“hours after Harb took out a $177,000 mortgage on his home in Cobden, Ont., in Oct. 2007, he transferred 99.99 per cent of the title to Magdalene Teo”
How does a property get sold without a mortgage holder not being repaid or give approval? Maybe the police are failing to understand and seeing visions of fraud. The normal sequence of events is (1) Search title (2) Register mortgage (3) Search title. Something is amiss. I’ve seen a case where a lawyer sold a property he owned without removing an existing lien and he was disbarred.
Enough of this. Let’s hear more about Duffy and Wallin.
Don’t worry, Harb was a Liberal senator, there won’t be a single article anymore about this in any newspaper or broadcaster by Monday.
You nailed it. This story comes out on a Friday. Most reporters get stinking drunk with their buddies in the LPC or NDP over the weekend and move on to something more important…..like Rob Ford didn’t wash his hands after sneezing.
the words liberal and corrupt are interchangeable.