Tina Li, centre, seen here with two of her four children, says she was scammed by her former friend Po Yuk 'Peggy' Chan, resulting in two additional mortgages on her Markham, Ont., home.
That relationship has since dissolved. Li is accusing Chan of defrauding her out of hundreds of thousands of dollars, by forging or arranging for the forging of documents to put a second, and later, a third mortgage on Li's property. Li claims the mortgages were registered without her knowledge. Li says Chan explained that her company could lend her $400,000, interest free, which Li could offer to a bank as collateral security for a loan. Chan could obtain that loan without further mortgaging her home."She explained to me if that if the loan proceeded and followed through she would get a commission from the bank."
"I 100 per cent trusted her at the time because she was always over at my house, eating dinner with my family — we considered each other family," said Li. In June 2022, Li says a title search confirmed both mortgages were still in place — one was registered in November 2019 for $400,000, and the other in May 2021 for $392,000.
She chose a Chinese broker, because they are both Chinese.
Horrible sue her get your money back
Defund the CBC