Fraudsters hijacked GTA man's company record, tried to mortgage its $12M property for cash

Hitender Sharma was shocked to discover that someone had altered his holding company’s corporation record to exploit its mortgage-free commercial property for cash, sparking concerns about the security of business records in Ontario. This incident, along with a few others, has shed light on potential vulnerabilities in the system, prompting calls for increased safeguards to protect valuable assets and prevent fraudulent activity. Sharma’s case serves as a cautionary tale for businesses to remain vigilant and take proactive measures to secure their corporate records and assets from unauthorized tampering.

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