Muslim mortgage kingpin led investigators on ‘treasure hunt’ for missing gold: Crown

A Toronto businessman accused of pocketing millions in fraudulent mortgages marketed to Muslims, emptied his accounts and led investigators on “a treasure hunt” to find nearly $2 million in gold bars, a federal prosecutor told a jury Tuesday. Six years later, where the bars have gone remains a mystery for authorities.

Crown attorney Damien Frost made his opening statement at the trial of Omar Kalair, dubbed the “Muslim Madoff” by homeowners who bought into his “Shariah-compliant” mortgages that left them thousands of dollars in the hole.

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  • Exile1981

    Getting an ‘off market’ mortgage is a risk. So will his punishmeng be sharia compliant?

  • Linda1000

    No sympathy for any of them. This is a good example of financial sharia creep or whatever it’s called to advance islam in western countries. It’s the same with informal sharia legal courts being held at mosques. There’s no reason to have separate muslim financial or legal institutions in Canada or the U.S.

  • just_one_Sewer Rat_guy

    Maybe they should inquire with IS where his gold went.

  • Dave

    How could those investors know that Omar Kalair wasn’t telling the truth when he claimed to hold the mortgages on the Holy Blossom and Beth Tzedic synagogues? 🙂