1ONEFUND Financial Group Ltd.

A Marketplace investigation has uncovered a scheme where seniors in Ontario are being tricked into high-interest mortgages through deceptive door-to-door sales tactics. Many victims, including Karl Hoffmann, are facing foreclosure on homes they did not knowingly mortgage, often after being misled into signing contracts for HVAC equipment and renovations. The scheme involves multiple parties, including private lenders and mortgage brokers, with claims that victims were not properly advised or informed about the loans. Advocacy groups are calling for regulatory changes to protect consumers, especially seniors, from such fraudulent practices.

A Marketplace investigation has uncovered a scheme where seniors in Ontario are being tricked into high-interest mortgages through deceptive door-to-door sales tactics. Many victims, including Karl Hoffmann, are facing foreclosure on homes they did not knowingly mortgage, often after being misled into signing contracts for HVAC equipment and renovations. The scheme involves multiple parties, including private lenders and mortgage brokers, with claims that victims were not properly advised or informed about the loans. Advocacy groups are calling for regulatory changes to protect consumers, especially seniors, from such fraudulent practices.