One of the frauds by CA Ronald Rutman of an alleged fraudulent mortgage.
Around August 15, 2008 Mr. Eran Ostfeld ( Esther Ostfeld Son ) approached Mr. Rutman about a debt that his Mother ( Esther Ostfeld ) owes the CRA and they ( the CRA ) may try to put a lien on her condo at 3181 Bayview Ave. which at the time had about $ 350 K in Equity .
Mr. Rutman offered Mr. Ostfeld a simple solution , that he ( Mr. Rutman ) through one of his companies “ Lublin Financials Corp “ will registered a factitious mortgage on the property and this will put them ahead of any pending CRA liens
From words to action.. Mr. Rutman asked Mr. Ostfeld to ask his ( Ostfeld ) Lawyer Mr. Simon Schonblum to be in touch with Mr. Rutman’s Lawyer ( Joe Fried ) to draft the mortgage documents
Upon completion of the mortgage documents , Mr Rutman instructed his account Manager at RBC Dominion bank Ronni Strauss to advance for a few days the $ 300,000 to make the mortgage look real
On Monday Aug 25th 2008 $ 300,000.00 check in the name of “ Simon Schonblum in Trust “ was advanced From Fez Financials Corp account at RBC ( another of Mr. Rutman’s companies which has an a account at RBC )
On Tuesday August 26th 2008 a mortgage was registered in favor of “ Lublin Financials “ on Esther Ostfeld property at 3181 Bayview Ave in the amount of $ 300,000.00 plus 18 % annual interest - to avoid detection Mr. Rutman and Mr. Fried changed the address on the mortgage registration to 5001 Yonge street Suite # 300 ( Mr. Fried’s office ) instead of Lublin’s registered address at 201 Bridgeland Ave.
On Tuesday Aug 26th 2008 an e-mail was sent from Eran Ostfeld to Simon Schonblum that the he has a copy of the check of the $ 300,000 made payable to Simon Schonblum in Trust and Mr. Schonblum should arrange a pick up of the check from RBC
On Wed August 27th 2008 Mr. Strauss ( RBC account manager ) sent a e-mail to Mr. Rutman that he received the Criss – Cross check back from Mr. Schonblum but its made out to Lublin and he is having difficulties depositing it at the RBC account
Same day Wed. Aug 27th 2008 Rutman send a e-mail to Eran Ostfeld asking him to straighten it out and complaining the Shimon ( Ostfeld’s Lawyer Mr. Schonblum ) had specific instruction how to make out the criss-cross check and the check should have been made to RBC
Same day Wed. August 27th 2008 Mr. Ostfeld sends Rutman a e-mail informing him that he spoke to Shimon ( Ostfeld lawyer Mr. Simon Schonblum ) and a new check will go out in the name of RBC and in the bottom it will say “ Re: Lublin Financial “
Same day Aug 27th 2008 Mr. Ostfeld sends another e-mail to Mr. Rutman that he got off the phone with Mr. Strauss ( RBC account Manger ) and the check is on the way to RBC and requesting from Mr. Rutman for the amount of interest and other charges this crisscross loan accrued during those few days /
Next Day , Thursday Aug 28th 2008 Mr. Ostfeld send a e-mail ( to Mr. Rutman that he Spoke to Strauss at RBC and he confirmed that received the proper check the day before and it will be deposited that day
Same day Aug 28th 2008 Mr. Rutman confirms by e-mail) that he heard from Strauss and Thanks
November 14, 2008 – $316,068.62 lien is registered against the property by CRA for unpaid taxes. On November 25th, CRA also registered general security against Esther’s assets under the PPSA. This fraudulent mortgage preceded the CRA