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Whistleblower exposes fake chinese income scam!
1 year ago
19
A whistleblower from HSBC bank has discovered huge mortgage fraud perpetrated by Chinese nationals.
The Bureau’s seven-month investigation into the allegations suggests HSBC Canada and other Canadian banks could have issued many billions of dollars in questionable mortgages to Chinese foreign buyers, and a significant cause of Canada’s real estate bubble is hundreds of billions in illicit fund transfers from China into Canada, and bank lending that amplifies its impacts, especially in Toronto and Vancouver home prices.
Full article below
https://www.thebureau.news/p/fake-chinese-income-mortgages-fuel?utm_campaign=post
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