PricewaterhouseCoopers also says 930 creditors have filed a total of $317M in claims against Martel and Shop Your Own Mortgage.PricewaterhouseCoopers , the Trustee in the going bankruptcy case of Gregory Martel, has confirmed in a new report that the BC mortgage broker was indeed taking money from investors to pay previous investors or to use for his own personal gain — also known as a Ponzi scheme.
Martel's company was called My Mortgage Auction Corp and was doing business as Shop Your Own Mortgage. In its Section 170 report, dated May 21, PwC says 930 creditors — most of whom were investors — have filed a grand total of $317M in claims against My Mortgage Auction Corp."Martel left Canada sometime before the commencement of the receivership of MMAC and the Trustee was aware that he resided in Thailand until August 31, 2023 when he was deported from Thailand and travelled to Dubai, UAE," PwC said in its Section 170 report.
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