The allegations that Vancouver condo developer Mark John Chandler faces in the U.S. “leap over the line between property developer and fraudster,” a Canadian Department of Justice lawyer told B.C. Supreme Court on Thursday.
While Chandler’s lawyer argued the Americans who lost money in Chandler’s Los Angeles real estate project were incentivized investors and not victims, the lawyer representing the Attorney-General of Canada said Chandler obtained their money through deceit and used the funds not for its intended purpose, but for a “lavish” vacation home in Hawaii and spending at Mercedes-Benz and Holt Renfrew in Vancouver.
Vancouver Real Estate News, Market Updates, Insider Tips, Stats, & Analysis
In the time since Chandler was arrested by U.S. authorities in 2013, the extradition process has unfolded against the backdrop of his dealings closer to home, including a troubled Langley condo development that was mired in a series of multimillion-dollar lawsuits last year before B.C.’s real estate watchdog issued an emergency order and public alert about the developer.