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Crown to seek 10 years jail time, $26-million forfeiture in Fortress Real Developments case

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A 'For lease' sign is shown at the Collier Centre, in Barrie, Ont., in 2018. The mixed use mid-rise development was owned by Fortress Real Developments.

Prosecutors are seeking 10 years of jail time for the co-founders of now-defunct syndicated mortgage company Fortress Real Developments Inc. and the forfeiture of $26-million.

In addition to the forfeiture, which amounts to $13-million for each of the two men, the Crown is also seeking a fine in case that money is unavailable to be forfeited, and additional jail time if that fine is not paid.

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Ethan Radcliffe
Ethan Radcliffe is a senior reporter and digital editor at The Toronto Insider, specializing in Canadian federal policy, GTA urban development, and national economic trends. With over a decade of experience in North American journalism, Ethan focuses on translating complex legislative and economic developments into clear, accessible reporting for Canadian readers. Ethan’s work emphasizes policy analysis, government accountability, and data-driven reporting, with a strong focus on how federal and provincial decisions impact communities across the Greater Toronto Area and beyond. He has covered infrastructure planning, housing policy, fiscal strategy, and regulatory changes affecting Canadian households and businesses. A graduate of Toronto Metropolitan University’s School of Journalism, Ethan brings expertise in investigative reporting, long-form analysis, editorial standards, and digital publishing best practices. His reporting is guided by verifiable sources, public records, and transparent sourcing. In addition to reporting, Ethan has experience in newsroom editing, fact-checking workflows, SEO-informed journalism, and audience analytics, ensuring stories meet both editorial integrity standards and modern digital discoverability requirements. Ethan is committed to objective, fact-driven journalism and adheres to established ethical guidelines, prioritizing accuracy, clarity, and public trust in all reporting.

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