Canada – There’s another financial scandal in the news this morning, allegedly involving a Montreal lawyer.
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The lawyer, Dany Perras, is suspected of involvement in a fraudulent financial scheme worth a reported five to ten million dollars and believed to have made more than a dozen victims throughout the Montreal area.
The money has reportedly disappeared from a trust account in the name of Dany Perras. The scandal started to unravel in September when the lawfirm of Kaufman Laramee was notified by a bank that Perras, a partner with the lawfirm until this past June, appeared to have concluded a number of unauthorized transactions. The lawfirm, speaking through its own lawyer, says none of the alleged victims has any connection with Kaufman Laramee, and that its own trust account is largely unscathed, with only about 30-thousand dollars unacounted for.
The transactions from Perras’ own trust account appeared to involve a number of loans to local investors who now hope that an investigation will shed some light on the money trail.
Perras, who resigned from the Quebec Bar Association soon after his former lawfirm blew the whistle, can no longer practice law.
According to VIN News sources some in the Charedi Orthodox community were clients at this law firm.
The loan scheme is similar for all victims, but it is not the same borrowers, said Neil Stein. Essentially, victims have provided funds in the trust account of Mr. Perras by being promised that they never would be paid to the borrower.
Funds only served to embellish the financial picture of the various borrowers issue they can convince others of the validity of their project. The funds from the trust account gave borrowers an alleged appearance of liquidity.
According to Mr. Stein, these loan agreements are illegal because they are designed to falsify financial records. “Among the remedies against Mr. Perras examines a bankruptcy petition, which would allow us to investigate and determine where the money went,” said Mr. Stein.
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