Former Mortgage Broker Charged with Fraud: Alleged Victims Face Challenges in Civil Courts
Former mortgage broker Peggy Chan has been charged with multiple fraud-related offenses, allegedly defrauding people by registering mortgages on their homes and withdrawing the proceeds. Some of the alleged victims are now at risk of losing their homes as lenders seek to collect the outstanding amounts. Experts say that even with criminal charges, victims often have to pursue civil lawsuits to recover their money, a process that can be challenging and time-consuming. Private investigator Brian King is currently investigating multiple claims against Chan, estimating the total amount involved to be in the range of $10 to $20 million.
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