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stouffville suntribune thursday april 5 2007 7 markham resident chitwanbrar thought she was buying this plaza on main street in stoufrville from courtney wallis simpson she hasnt seen the 50000 she put down on the purchase ms wallis simpson was sentenced to five years in prison monday staff photojim mason c leaves our family in tatters just like all of the others from page 1 june 2003 and october 2005 in what police described as an elaborate ponzi scheme accepting payments that were supposed to be invested into mortgages its a classic story of winning and losing there is no legitimate investment in a ponzi scheme money is returned to investors not through earn ings made on an investment but instead from the principal offered by other investors according to police as well police allege ms wallis simpson defrauded wouldbe buyers of commer cial real estate in stouffville by misappropriating deposit cash held in her companys trust account police conclud ed she was using almost 30 bank accounts to keep the scheme alive police peg the total loss to investors and wouldbe real estate buyers at 15 million of which 6 million was recov ered it leaves our family in tat ters just like all of the others said one of ms wallis simp sons relatives who requested anonymity you hope one can be rehabilitated its been a lot of sleepless nights and having to sit on our anger ms wallis simpsons scheme began to unravel dec 2 2005 when she was arrest ed and slapped with a num ber of fraudrelated charges by the york police the real estate council of ontario had moved a month earlier to revoke ms wallis simpsons real estate registra tion according to its website the real estate council of ontario is responsible for administering the real estate and business brokers act and other regulations on behalf of the provincial government the agency terminated york region realty incs regis tration dec 12 2005 by jan 2006 ms wallis simpson was a registered employee of concordbased century 21 royal windsor realty inc within months the reco invoked a section of the real estate and business brokers act and ordered a temporary suspension of her registration mayl the suspension was put in place for 15 days her suspension was extended again may 15 ms wallis simpson was also convicted of offences under the provincial real estate and brokers act she will serve a twoyear sentence on those charges concurrent with her fraud sentence its a classic story of win ning and losing her relative said riding high and col lapsing a safer community is your call cash rewards for anonymous tips on crime i8do222tips wwwcrimestoppersyrcia this message brought to you as a community service of the economistsuntribune get more out of i six if volunteer to go to lunch and enhance a seniors life and yours call 18774524287 chats home assistance to seniors this message brought to you as a community service of the economistsuntribune mckay mortgages call us first no fee mortgage switches discounted bank rates over 25 years of financial experience we specialize in self employed borrowers 100 financing available no income plans bank refusals private funds power of sales sj9i sk 1 wmgm 1 at ji -m- iilll tedd pickering mortgage specialist we purchase existing private mortgages serving stouffville and area cell 416 9972200 fax 905 6406923 email teddmckaymortgagescom rates are subject to change without notice oac car truck return to where they know you best fits mort 9505 sunfireovalitr uniroyjl tiger pjw f rwdom p19s70r14 insulted from 95 per tire install extend the life of your tires have an alignment inspection done today 29 95 aegranent seek complete alignment service available at well ask an advisor for details mo it personalized insurance service 9056422745 64 sandiford drive unit 1 stouffville advertising in our community mayor wayne emmerson dropped by to help celebrate scotiabanks 175th birthday on friday march 30th with branch manager janet geddes and staff fit moil 97m sifrasilvcfado uniroyil laredo cross country p24s7sr16 mfem bighijires right price cv- v installed from 95 per tire fgoadrici jji7at installation balancing rubber valve stem lifetime inspection is included in the price of your tires and our cm expertise we have tires for all your driving needs ask about the new exclusive cm tire protection plan m buiwwymw p3s noonrcar eznzmi tike s l hanttttok firctronc riiifiiicntai i 1ffus taxes while supplies bit at participatimj dealers only dealers may set individual prkes offer available for a mricd time only to retail i customers tire disposal extra if required additional charges may j apply for vehicles equipped with a tire pressure monitoring system i offer nor available in thunder bay fort frances oiyden terrace bay goodwrerkta ort store fiwu-