Slew Of Vulnerable Homeowners Accuse Mortgage Broker With Scams That Allegedly Cheated Them Out Of Their Homes

In Hamilton, Ontario, The Hamilton Spectator reports:

• They were desperate. That's the common connection between the people who accuse a Hamilton mortgage broker of cheating them of their homes.
  
  So many complaints against Dennis (Dinesh) Khanna, 60, and Metro Financial Planning have poured in that the provincial agency that regulates mortgage brokers has suspended his licence and is moving to put him out of business permanently. Khanna has dismissed the allegations and said last week he has asked for a hearing. No date has been set.
  
  Randy and Ramona Gallagher are among the people who first thought Metro Financial Planning was like an oasis in the desert, only to find themselves in a lengthy fight to save their home.
  
  "What he does is prey on the weak and vulnerable," Ramona Gallagher claimed in an interview. "We're into $140,000 in legal fees because of this but we're doing it because we want him shut down." [...]
  
  ***
  Hamilton nurse Janice Abdilla hasn't been able to take her dispute with Khanna to court. She says she lost her home to him in July 2013 and simply can't afford even a small retainer to start a case against him. She is, however, one of the complainants cited in the Financial Services Commission's notice suspending Khanna's licence. [...]
  
  ***
  Tony Anker's case shows another of the allegations made against Khanna — failure to ensure clients are aware of the full details of their mortgages, to account for how money advanced is spent and to provide documents to clients. [...]
  
  ***
  Howard and Lisa Moore, of Hamilton are another of the cases cited in the Financial Services Commission's notice against Khanna.
  
  Lisa Moore said in an interview her husband approached Khanna for a consolidation loan after being laid off from his trucking job and from there, debts simply piled up.
  
  "Within three months we had zero equity in that house we'd owned for 20 years," she claimed. "He put three mortgages on the property and within three months I got nothing from that house we'd owned for 20 years."
  
  "That's what he does," she alleged. "He preys on vulnerable people like my husband." [...]
  
  ***
  In a final case cited in the Financial Services Commission's notice, a Stoney Creek woman identified only as S.C. claims she took out a mortgage for $34,000 with Khanna in 2011 only to discover the pledge registered against her property was for almost twice that amount.
  
  The woman was eventually sued by the mortgage holder — Khanna's wife Veeru Kantoor — and gave up the property. [...]
  
  ***
  In addition to the Financial Services Commission's effort to revoke his mortgage broker's licence, Khanna has been charged with sexually assaulting a woman he met in the course of his business. He did not return a call seeking comment about the criminal allegation.

For more, see Desperate borrowers and a trail of ruined lives.