Kevin Kumar Arrested on Canada-Wide Warrant; Begins Serving 2-Month Jail Sentence
Calgary, Alberta - Kevin Kumar, wanted for unlicensed real estate and mortgage brokering activity, was arrested on a Canada-wide warrant late last week, and has begun serving his two-month jail sentence.
“Through their unlicensed real estate and mortgage brokering activity, Kevin Kumar and his associates preyed on financially vulnerable Albertans,” says Bob Myroniuk, executive director of the Real Estate Council of Alberta (RECA). “Instead of helping home buyers and sellers, they offered schemes, scams, and financial ruin. The enforcement action RECA took on these files was unprecedented, but it demonstrates RECA’s commitment to consumer protection. When it comes to unlicensed activity, RECA will use all legal means at its disposal to stop the activity and protect consumers.
“We are hopeful that Kevin Kumar’s arrest will end the long chapter of unlicensed activity perpetrated by him, Derek Johnson, and their associates,” adds Myroniuk.
On June 7, 2016, Alberta Court of Queen’s Bench Justice Sheilah Martin sentenced Kevin Kumar and his associate, Derek Johnson, to two months in jail for civil contempt of court for breaching a court-ordered injunction to stop trading in real estate and dealing in mortgages without a licence. In early June, Derek Johnson was arrested and served his jail time.
RECA has issued an Administrative Penalty of $25,000 for unlicensed activity to Kevin Kumar, and previously issued five administrative penalties against Derek Johnson for unlicensed activity, with fines totaling more than $100,000. These penalties remain unpaid.
If someone offers to represent you in a real estate transaction or assist you with securing mortgage financing, ensure that individual holds a licence with RECA. Consumers can search for a licensed industry professional through RECA’s website at www.reca.ca. And remember when encountering difficult financial circumstances, if someone offers you a way out that sounds too good to be true, it usually is. Talk to a licensed industry professional.
The Real Estate Council of Alberta (RECA) is an independent, non-government agency, responsible for governing real estate, mortgage broker, property management, and real estate appraisal industry professionals under Alberta’s Real Estate Act. RECA’s mandate is to protect consumers and to provide services that enhance and improve the industry and the business of industry professionals.