Warrant issued to Mississauga lawyer after alleged fraud worth over $7.5 million – Toronto

A warrant has been issued against a Mississauga attorney who police say defrauded a number of clients, resulting in a loss of more than $7.5 million.

Peel Regional Police said in a statement that between June and December last year, “numerous victims” retained the services of Shahid Malik, the owner of the Shahid Malik law firm in Mississauga, to settle real estate transactions.

Police said Malik allegedly received more than $7.5 million in trust for real estate transactions to allow clients to pay off outstanding mortgages.

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“It is further alleged that despite numerous requests from the victims, the suspect did not apply these funds to outstanding mortgages,” the statement read.

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“Thus, each victim suffered a significant financial loss.”

Malik, 41, who resides in Brampton, is wanted for defrauding the public and breach of trust.

Police said there may be other victims.

Anyone with information about the investigation or Malik’s whereabouts is asked to contact police at 905-453-2121 ext. 3354 or Crime Stoppers anonymously at 1-800-222-8477.


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