Defendant in Canada's biggest mortgage fraud case withdrawing guilty plea

A former Vancouver real estate developer charged in connection with a $40 million mortgage fraud scheme has hired a new laywer — his fifth in the long-running case — to withdraw the guilty plea he entered in May.

Tarsem Singh Gill was accused in the aftermath of a six-year police investigation of keeping unsuspecting investors’ money instead of paying off mortgages and liens on 77 homes the investors thought they were buying, The Province reports.

Gill was scheduled to be sentenced next week, and prosecutors are expected to challenge his application to withdraw his plea. A co-conspirator who pleaded guilty in 2009, Martin Wirick, received a seven-year sentence and is expected to be the main witness if Gill goes to trial. Source: