Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Update: Calgary MP Shory Accused in Giant Mortgage Fraud

onetwo_threefour · 05-07-2010, 10:26 AM

I agree that the bank is overreaching on this stuff in terms of the professional duty they are trying impose on certain industry professionals, but ultimately it will be for the court to determine the standard of care in these cases.

CMHC published a list of fraud signs back in 2000 or 2001, I think troutman linked it, so I don't know whether the list last year is of much importance. Also, regardless of whether there was any notice sent out by the Law Society, the arguments would be that we should be able to recognize signs of fraud.

05-07-2010, 10:26 AM	#116
onetwo_threefour Powerplay Quarterback Join Date: Apr 2006 Location: Mahogany, aka halfway to Lethbridge Exp:	I agree that the bank is overreaching on this stuff in terms of the professional duty they are trying impose on certain industry professionals, but ultimately it will be for the court to determine the standard of care in these cases. CMHC published a list of fraud signs back in 2000 or 2001, I think troutman linked it, so I don't know whether the list last year is of much importance. Also, regardless of whether there was any notice sent out by the Law Society, the arguments would be that we should be able to recognize signs of fraud. __________________ onetwo and threefour... Together no more. The end of an era. Let's rebuild...