Wednesday, January 29, 2020

East End HA John Peter Bryce loses court battle

East End Hells Angels John Peter Bryce, 57, lost a court challenge over an investment gone bad. He argued that a mortgage broker deceived him about the value of a Chilliwack property before he agreed to second and third mortgages. The property was eventually foreclosed upon, with Bryce losing $202k on his investment.

The judge ruled Bryce should have done his own due diligence before agreeing to lend $750k, with interest rates up to 18% a year for the two mortgages.