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At Canadian Fraud News, we report on decisions issued by Canadian Courts related to fraud, that are not reported in the mainstream media, and that contain legal issues the Canadian public and fraud recovery experts should be aware of. The following is one such story.
On November 25, 2016, the Ontario Superior Court of Justice found Abid Okadia, born July 8, 1954, the owner and operator of OK Tax Services in Toronto, liable for defrauding a Scarborough couple out of for $90,200.
Mr. Okadia was also ordered to pay punitive damages of $5,000, and the victim’s legal expenses in the amount of $18,500. In addition to this debt of $113,700.00, Mr. Okadia was ordered to account for what he did with the victim’s money.
In 2008, Jagdishc handra “Jag” Patel and Prabhaben Patel invested $125,000 with him and his company, OK Tax Services, to purchase an investment property in Burlington, Ont.
He agreed to pay the couple back their investment by October 31, 2008, as established in a contract. However, the Patels later agreed that Mr. Okadia and OK Tax Services would instead pay them periodic interest payments until the investment property sold.
From 2008 to 2014, Jag Patel kept in contact with Abid Okadia, also known as Ahmed Okadia and Zainulabedin Okadia. During this six-year period, Mr. Okadia made periodic payments to the couple that totaled $33,800. In April 2014, the business owner cut off all contact with the Patels and has since ignored all requests for further payment.
In October 2014, the distressed couple discovered multiple other individuals who alleged that Mr. Okadia had defrauded them as well. They learned that both Mr. Okadia and OK Tax Services had outstanding litigation and judgments. For example, see https://www.scambook.com/report/view/158172/Abid-Okadia-is-a-Scamster-and-also-a-Money-Laundrer-Complaint-158172-for-$10,000.00
The Patels found out that their supposed investment money was not in fact used for a Burlington home, and to this day, they still don’t know what happened to their money.
The Court found that Okadia, as the director, officer and shareholder of OK Tax Services, made certain representations to the Patels that he knew to be false. Okadia made these misrepresentations to take the Patels money for his own personal use and for reasons that were not agreed upon.
The Court declared that Okadia was liable for fraud, breach of fiduciary duty, and conversion (theft).
On April 24, 2017, the Court heard a contempt of court motion as against him for his failure to account for what he did with the Plaintiff’s money. The motion was adjourned to give him further time to find the stolen money.
A criminal complaint has not yet been laid against Mr. Okadia by the Patels. Anyone with knowledge of the income, assets and expenditures of Mr. Okadia, and his companies OK Tax Services and Royal Tax Services, may contact Daina Slenys at Investigation Counsel PC, Fraud Recovery Lawyers, at 416-637-3151 or [email protected]
For further information on this case, or any other fraud recovery inquiry, contact Diana Slenys at Investigation Counsel PC, Fraud Recovery Lawyers, 416-637-3151 or [email protected]
For a copy of the Judgment against Mr. Okadia, see 211213
Read our previous breaking court decision: “Supreme Court of Canada Release Decision in Livent Auditor Negligence Case”