Sunday, April 9, 2023

Vancouver fraudster Mark Chandler in California jail

Former Langley real estate developer Mark Chandler sits in Terminal Island, a low-security federal prison in San Pedro, Calif., serving a six-year sentence for a multi-million dollar fraud scheme. It’s his second conviction in the United States. Chandler fought extradition to the U.S. B.C.’s real estate watchdog issued a formal notice of hearing alleging Chandler mishandled more than $10m of deposits from home buyers for a Langley condo project called Murrayville House.
Would-be buyers waited years as repeated construction delays stalled the project. Mark Chandler was busted for fraud in California following an FBI investigation. The charges resulted from an investigation into a development project known as Hill Street in downtown Los Angeles between 2008 and 2011. “The record of the case portrays a fraud that does not exist,” said Chandler’s lawyer. The judge disagreed, and ordered Chandler extradited to face trial in the U.S. Chandler is best known for the Murrayville House project which dissolved into multiple lawsuits in 2017.
Units in the development were sold to two, three, or even four purchasers.
All contracts were eventually voided in court. Chandler accumulated a long list of lawsuits from burnt creditors, including from an American private jet leasing agency, a Vancouver yacht charter company, a Ferrari Maserati dealership, and a waterfront Hawaii getaway.

Chandler had repeatedly lied and forged documents to dupe his investors, prosecutors noted. It was his second conviction in the United States, following a 2003 guilty plea to theft in Arizona. After that incident, Chandler was deported, given three years of probation, and ordered to pay $189,550 in restitution.