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February 18, 2019

Vancouver condo developer fights U.S. extradition on fraud charges

As reported in the Vancouver Sun, Almost four years after condo developer Mark John Chandler was arrested on allegations of defrauding real estate investors in Los Angeles, the latest chapter of his fight against extradition to the U.S. unfolded Friday in the B.C. Court of Appeal.

Friday’s full-day hearing began with Chandler’s lawyer attempting, unsuccessfully, to have the proceedings postponed until after the resolution of B.C. regulatory enforcement against the developer for more recent allegations of real estate misconduct.

Chandler’s alleged “fraudulent investment scheme” in California dates to 2009, according to the FBI evidence relied upon in the extradition request. But in the years before and after his dealings south of the border, Chandler had run afoul of real estate regulators in B.C.

Chandler, 55, faces allegations of misconduct from B.C.’s real estate watchdog, including accusations he mishandled more than $10 million of homebuyers’ deposits for units in a Langley condo project called Murrayville House.

Earlier this month, B.C.’s superintendent of real estate posted a notice of hearing for Chandler in connection with Murrayville, with a date to be determined. Chandler marketed the condo development, and several pre-sale contracts were executed between 2014 and 2016. According to the regulator, their investigation found evidence “the developer had pre-sold individual units to multiple unrelated purchasers.”

Chandler was initially arrested in connection with the U.S. charges in May 2015. Last March, after several hearings on the matter, the B.C. Supreme Court ruled Chandler should be committed for extradition to the United States. Chandler’s lawyer immediately filed an appeal.

When that appeal was heard Friday by the B.C. Court of Appeal judges, Chandler’s lawyer, Michael Bolton, asked for an adjournment until after the B.C. regulator’s hearing against Chandler.

Keep reading in the Vancouver Sun

 


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