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by Mike Caswell

A judge in the Supreme Court of British Columbia has denied a petition filed by Brent Pierce related to mortgage fraud, at least for now. The judge has determined that Mr. Pierce has provided too few details of the alleged fraud to allow the matter to proceed. The missing details include an explanation of how Mr. Pierce is the beneficial owner of the mortgages, which he says are worth $11.5-million.

The ruling, released on Tuesday, May 3, comes as part of a case in which Mr. Pierce claimed to be the victim of a fraud perpetrated by his second cousin, Gary Clark. He said that Mr. Clark released mortgages that his family trust indirectly held over two properties, one in Surrey and the other in West Vancouver. Mr. Clark released the mortgages for no apparent reason and did so without permission, Mr. Pierce contended.

The dispute landed before Madam Justice Susan Griffin, who has rejected Mr. Pierce's petition primarily because the details he has provided are too vague. There is no evidence of how the mortgages came to be or what their business purpose may have been. The relationship between the property owners and Mr. Pierce is also unclear, the judge has determined.

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