Property manager bilked $20M in condo fraud, victims claim

TheStar.com – News – Toronto & GTA
15 September, 2011 2:17 AM
by Diana Zlomislic and Raveena Aulakh

Property manager bilked $20M in condo fraud, victims claim

Mohammad Irfan Naeem is the former property manager at 25 Grenville St. He says he is also a victim of Manzoor Khan's alleged fraud and his signature was forged on documents which were used to take out loans of up to $3.1 million.

More than 1,000 condo owners across Toronto fear they are on the hook for millions of dollars as victims of an alleged property fraud. Lawyers estimate the total misappropriation may exceed $20 million.

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