由于经营未经许可的计划, 安大略省罚款前抵押贷款中介哈罗德和埃斯特格斯泰尔21万美元.
Ontario fines former mortgage brokers Harold and Esther Gerstel $210,000 for operating an unlicensed scheme.
由于涉嫌经营未经许可的抵押贷款计划, 多伦多前抵押房间交易员哈罗德·格斯特尔和他的妻子埃丝特被安大略省金融服务法庭罚款21万美元.
Former Toronto mortgage broker Harold Gerstel and his wife Esther were fined $210,000 by Ontario’s Financial Services Tribunal over allegations of operating an unlicensed mortgage scheme.
监管机构指责他们使用经过许可的经纪公司以承诺快速贷款吸引弱势借款人, 然后将其转移到未经授权的公司, 该公司收取极高的利率, 有些最高56%, 并没有提供必要的消费者保护.
The regulator accused them of using a licensed brokerage to attract vulnerable borrowers with promises of quick loans, then funneling them to an unlicensed company that charged extremely high interest rates, some up to 56%, and failed to provide required consumer protections.
虽然格斯特尔夫妇否认有任何不当行为, 并计划上诉, 但法庭裁定该方案对多名借款人造成了重大经济损失, 其中一些人失去家园.
While the Gerstels deny any wrongdoing and plan to appeal, the tribunal ruled the scheme caused significant financial harm to several borrowers, some of whom lost their homes.