The Autorité des marchés financiers (AMF) has issued warnings to Québec consumers regarding fraudulent activities in mortgage brokerage and private loan offerings. The financial regulator has identified multiple websites and individuals operating without proper registration, posing significant risks to consumers.
Unregistered mortgage brokerage
The AMF specifically alerted the public about the website dr-hypotheque.ca, operated by Daniel Cousineau-Claveau. Despite not being registered with the AMF, Cousineau-Claveau has offered mortgage brokerage services through this site, it stated. On April 18, 2024, he was found guilty of illegally conducting a mortgage brokerage business and was fined $193,440. He manipulated property prices and falsified personal and financial information to secure loans for clients in financial distress, according to the…
