Mississauga legal eagle wanted in alleged $7.5M real estate scam

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A high-flying Mississauga lawyer is being hunted for allegedly defrauding a number of clients in a real estate scam to the tune of $7.5 million.

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Peel Regional Police say detectives from the fraud bureau have issued a warrant for Shahid Malik.

Investigators claim that between June 2021 and December 2021, numerous victims retained the services of Malik — the 41-year-old owner/operator of Shahid Malik Law Office located — to settle their real estate transactions.

Instead, Malik is accused of settling his own finances.

Police allege Malik allegedly received more $7.5 million to hold in trust for various real estate transactions that allowed his clients to pay off their outstanding mortgages. But that doesn’t appear part of the game.

Despite his clients making “numerous requests,” Malik allegedly did not allocate these funds towards the outstanding mortgages. As a result, the victims were left holding the bag, causing them substantial financial losses.

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Malik, a Brampton resident, is currently wanted for defrauding the public and breach of trust.

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On his firm’s Facebook page, Malik boasts he’s been “serving with passion and care since 2014.”

But one client alleged on the page: “Scammer fled the country with half a million dollars of my money.”

Investigators believe there may be further potential victims and are urging them to come forward.

Anyone with information on this investigation or the whereabouts of Malik is asked to contact police at 905-453-2121, ext. 3354, or Crime Stoppers anonymously at 1-800-222-TIPS (8477).




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