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Pierce gets injunction in mortgage fraud case

2016-06-27 11:55 ET - Street Wire

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by Mike Caswell

Vancouver's Brent Pierce has received an order in the Supreme Court of British Columbia that prevents the transfer of two properties that he claims are part of an $11.5-million mortgage fraud. A judge entered the restrictions at Mr. Pierce's request, and with the consent of one of the property owners. The order bars any conveyance of a property in West Vancouver and another in Surrey.

For Mr. Pierce, the order represents a small but possibly crucial part of a case in which he claims to have been defrauded of millions. He says that he indirectly held mortgages over the properties through a family trust and a private company called Chalice Capital Inc. Mr. Pierce contends that he lost the mortgages after his second cousin, a lawyer named Gary Clark, released them without permission. With an injunction recorded against the properties, he can attempt to prove his claim without the risk of the properties being sold.

Brent Pierce
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Brent Pierce

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