Wynn Realty Corporation, Receivership

Wynn Realty Corporation, an Uxbridge, Ontario-based real estate brokerage, was placed in receivership on October 25 on application by certain of the victims of an alleged real estate fraud perpetrated by Wayne Simpson, who owns Wynn Realty, and his wife, Courtney Simpson. In 2021, the Simpsons allegedly collected and pocketed $1.9 million in deposits from the applicants for transactions that ultimately did not proceed. In July 2022, the Simpsons were arrested and charged with over 100 separate criminal offences including fraud, uttering forged documents and breach of trust. Grant Thornton was appointed receiver. The applicants obtained status to bring the receivership application by bringing a motion to be added as intervenors to a Mareva injunction application brought by Realtrium Holdings Pickering Inc., another of the alleged victims, over two years ago. Counsel is Jeffrey Spiegelman for Chong Zhou, 2526154 Ontario Inc., and Baldwin Airport Management Inc., Krikunez Law Professional Corporation for 9615644 Canada Ltd., Cambridge LLP for Realtrium Holdings Pickering Inc., Belsito Law for P. Campagna Investments Limited, KMB Law for 5016652 Ontario Inc., and Miller Thomson for Caliber Developments Inc. 

By: Dina Milivojevic