Man charged in $4.1 million condo fraud
A St. Catharines man has been charged with defrauding 13 Hamilton and Burlington condominium corporations of $4.1 million.
Police say Brett Mackenzie Leahey, 45, acted as the owner/operator of Integrated Condominium Management, a property management firm responsible for servicing and managing the finances of 10 condominium corporations in Burlington and three in Hamilton.
Integrated Condominium Management has its address listed as Suite 300 - 1100 Burloak Dr. in Burlington.
Among allegations, police claim Leahey forged property maintenance invoices and contracts, fraudulently charged the condominiums for work not completed and moved assets from the corporations to his business accounts for personal use.
Halton police say the crimes occurred between March 2009 and September 2014. The arrests came after a lengthy investigation.
"Our investigation would indicate that Mr. Leahey clearly took advantage of the position entrusted to him by these corporations for his own personal gain," said Detective Const. Derek Wilson of the Halton Regional Police Fraud Unit.
Leahey is charged with defrauding the public, seven counts of fraud over $5,000, three counts of laundering proceeds of crime, 11 counts of uttering forged document and two counts of possession of proceeds of crime.