NDP MPs Advocate For Assistance To Residents Affected By Ponzi Scheme
My Mortgage Auction Corp (MMAC) is owned by Greg Martel, a “formerly accredited" mortgage broker who has been doing business in Canada and the USA. For years, Mr. Martel has been seeking out investors to invest in private real estate lending opportunities (bridge loans), with his own personal guarantee to safeguard investors’ funds. BC Financial Services Authority (BCFSA) regulatory agency says Gregory Martel, owner of Shop Your Own Mortgage (SYOM), can no longer conduct any mortgage broker activity in the province, effective immediately.
Over 2000 investors were issued fraudulent T5 slips from Mr. Martel and are now facing tax implications and are burdened with paying enormous taxes on money they never earned or received. At this time there is an open investigation into SYOM/MMAC with the BC Securities Commission who would be responsible for laying criminal charges.
My NDP colleagues MP Randall Garrison of Esquimalt-Saanich-Sooke and MP Laurel Collins of Victoria and I have called on the Minster of National Revenue Honourable Diane Lebouthillier to take exceptional actions to address these issues including:
- The designation of a CRA liaison who is assigned specifically to this issue.
- The creation of a specific contact number through which our affected constituents can speak directly with CRA agents.
- The assignment of a specialized group of assessors assigned to the numerous MMAC appeals that are being submitted so they can be addressed promptly and uniformly.
- The rescindment of all fraudulent T5s submitted by MMAC throughout its operation (2007 – 2023) and a reassessment of those returns.
You can read the full letter here.
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2025 Your Favorite Spot in Cowichan-Malahat-Langford calendar contest
If you would like to share your favorite spot in Cowichan-Malahat-Langford and have it included in the 2025 edition, submit your photo.
Submit your photo(s) by email to: [email protected]
Put CALENDAR PHOTO in the subject line.
Include the following information in your email:
- Your name
- The location of your photo
- Your address, including postal code
- A brief (40 words or fewer) description of your photo
Deadline to submit is September 1st, 2024
Important guidelines for submitting photos
Each year, a number of photos are disqualified from consideration because the image size is too small, or the images include humans. Following are some hints for choosing and submitting a winning photo:
- Photos must be high resolution - at least 1MB.
- Do not send directly from your phone. Image files are compressed by phones when they are emailed.
- Upload your photo(s) to a computer or tablet before sending.
- Attach the original high resolution image to the email (send as an attachment).
- Pick a photo that will work with the shape of the calendar. Landscape is the best option.
Official Rules:
- Your favorite spot must be in the Cowichan-Malahat-Langford riding.
- Photos must be in jpg or tiff format.
- Photos cannot include humans.
- No more than 3 photos per household may be submitted.
- Photos must be colour and at least 1MB in size.
- Deadline to submit is September 1st, 2024