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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.
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