According to the Hamilton police, an Ontario broker residing in Oakville, facing numerous charges is currently being accused of fraud.
Hamilton police have laid 19 criminal fraud-related charges against suspended mortgage broker Dinesh (Dennis) Khanna, in connection with cases where complainants say he biked clients out of their money and homes.
The accused, Dinesh Khanna, 61, has been under Hamilton police surveillance since his arrest back a year ago during which he was charged with four counts of sexual assault, one count of extortion, and one count of communicating for the purpose of sexual service after multiple victims alleged they’d been assaulted at his Hamilton’s office.
Currently, the Hamilton police said they’ve laid two charges of fraud over $5,000 and one count of charging a criminal rate of interest. The Hamilton police said they’ve worked with various Ontario forces throughout their investigation and that fraud charges are “Global counts” that capture a wide variety of unspecified conducts.
Hamilton police have been probing Khanna’s business dealings for at least 10 months. In March, they executed search warrants on his king Street West office and Oakville home, bringing piles of boxes to gather paperwork and records.
Provincial regulators suspended Khanna’s license in December, alleging that he carried out a “pattern of manipulation and exploitation” of his clients through his Metro Financial Planning limited business on king street west.
FSCO alleged that Khanna took out mortgages in already financially distressed clients’ names without their knowledge, charged significant fees and, when some borrowers couldn’t make their payments, transferred the homes or titles into the names of his family members.
In one statement of claim, a former client alleges that her dealings with Khanna ripped apart her life, and she has “never recovered.”
Police partnered with several other agencies and provincial bodies to investigate the case, Hamilton police service says.
Arrested Wednesday morning, Khanna, with several family members and friends, attended the courthouse for his bail hearing.
He was represented by two defense attorneys; John Rosen and john Abrams. He was released on bail and is scheduled to appear in court on Oct. 25.
According to the Hamilton Police, investigation is still ongoing and is calling on anyone with information to come forward.