A former registered submortgage broker, who was sentenced in February to a four-year prison term after exchanging gunfire with police, has been fined $35,000 for submitting fraudulent mortgage applications through his ex-wife.
According to a B.C. Financial Services Authority consent order published on May 28, Siavash Ahmadi agreed to pay a $35,000 administrative penalty as well as $3,500 to the regulator for investigation costs.
This comes after he admitted to submitting “misleading information, including altered income tax statements” to lenders in support of eight mortgage applications “when he ought to have known that the documents were altered and therefore did not represent the true income of the borrowers,” according
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