B.C. securities watchdog opens criminal investigation into mortgage broker who owes investors $226M

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The criminal investigations branch of British Columbia’s securities watchdog wants to hear from investors of disgraced Victoria mortgage broker Greg Martel.

The B.C. Securities Commission (BCSC) has opened an online portal to gather information from clients of Martel and his company Shop Your Own Mortgage (SYOM), also known as My Mortgage Auction Corp.

Martel owes investors $226 million but only $340,000 has been recovered and his whereabouts are uncertain. Some investors have accused him of running a Ponzi scheme, which Martel has denied.

form posted by the BCSC asks clients to provide personal and financial information, alongside details about investments and interactions they had with Martel

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Reading: B.C. securities watchdog opens criminal investigation into mortgage broker who owes investors $226M

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