In 2013, the biggest real estate scandal in the history of Toronto broke out, led by Koreans. The condo was supposed to be built in North York, an area highly concentrated with Korean population. Many investors have put down their deposits for the first condo complex in Canada to be funded by a Korean bank called Nonghyup. However, CHO Mee-rai, the lawyer in charge of guarding the deposited money, transfers the entire investment to Joseph LEE, the CEO of the construction firm...more

In 2013, the biggest real estate scandal in the history of Toronto broke out, led by Koreans. The condo was supposed to be built in North York, an area highly concentrated with Korean population. Many investors have put down their deposits for the first condo complex in Canada to be funded by a Korean bank called Nonghyup. However, CHO Mee-rai, the lawyer in charge of guarding the deposited money, transfers the entire investment to Joseph LEE, the CEO of the construction firm, with no apparent reason. The investors who put down their life savings have lost their money overnight, as Joseph LEE disappears with all the money.less