Why this chapter is so important?

News / GTA
Toronto Star
Property manager bilked $20M in condo fraud, victims claim
More than 1,000 condo owners across Toronto fear they are on the hook for millions of dollars as victims of an alleged property fraud. Lawyers estimate the total misappropriation may exceed $20 million.

This was the headlines that shocked the Ontario condo industry on 15 September 2011.Yet to me, that remarkable $20 million fraud is of far less interest to condo owners than the day-to-day regular stealing Manzoor Khan controlled at the condos he managed.

It is these smaller frauds, and not the far more spectacular $20 million fraud from a half-dozen condo corporations, that need to be studied. The fake loan by-law frauds was a once-off scheme that can never be repeated but the run of the mill stealing that Khan performed as a standard business practice will always be with us.

This section details with as much information on Manzoor Khan and Channel Property Management as I could find. It is a story of an extraordinary bold thief working in the condominium service industry where fraud is a constant danger.

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