Brampton Man Faces New Fraud Charges in Widespread Real Estate Scam

A Brampton man, already facing multiple fraud charges, is now under intensified scrutiny as dozens more alleged victims come forward in what’s shaping up to be a widespread real estate fraud scheme. Moiz Kunwar, 28, is accused of collecting deposits for pre-construction homes he had no authority to sell, using a company name strikingly similar to that of a legitimate developer.

Kunwar was previously charged in February and March, and now faces three additional counts of fraud over $5,000 and three counts of possession of property obtained by crime, according to Brampton court records. Peel Regional Police have issued a public warning, advising people to avoid financial dealings with him while they continue investigating new allegations. They say Kunwar misrepresented himself as part of a legitimate real estate development company, and they believe there are more victims who have yet to come forward.

Toronto lawyer Andrew Ballantyne, who represents seven plaintiffs already suing Kunwar, says his office has been flooded with calls since May from at least 40 to 50 people who believe they were also duped. Many of them, he says, lost their life savings. “They’re regular Canadians who put their trust in what looked like a great deal,” Ballantyne said, describing how victims were sometimes taken to see actual homes under construction, only to later learn the units had been sold to other buyers.

Three civil lawsuits filed in Ontario Superior Court allege Kunwar used the name Paradise Development Homes Limited to collect deposits for homes across the GTA. The plaintiffs say the company has no connection to Paradise Developments Inc., the legitimate builder behind the homes. The lawsuits claim Kunwar defrauded them of nearly $570,000 and are seeking both repayment and damages.

In response to CBC Toronto’s inquiries, Kunwar said he plans to defend himself against all charges but declined further comment. In court filings, he has denied posing as a developer or investor, claiming instead that he merely acted as a sales associate and did not personally misuse any funds. He maintains that he believed all transactions were legitimate.

Kunwar first came under investigation in 2022, after a Toronto realtor flagged an unusually attractive sales pitch targeting members of the Black community. Though the homes were real and eventually completed by Paradise Developments Inc., the deposits were allegedly collected by Kunwar’s unaffiliated company. According to Ballantyne, Kunwar continued soliciting deposits as recently as last spring, convincing people to recruit friends and family into what appeared to be a promising housing opportunity.

While the legal process unfolds, police are urging potential victims to report any interactions with Kunwar to Peel police or Crime Stoppers. As Ballantyne noted, for many families, these alleged losses go beyond money—they represent broken dreams and stolen futures.