Warrant issued for a Mississauga lawyer alleged to have defrauded real estate clients of $7.5 million
Published January 14, 2022 at 6:21 pm
Investigators from Peel police’s fraud bureau have issued a warrant for a Mississauga lawyer, alleged to have defrauded a number of clients related to real estate transactions resulting in a loss of over $7.5 million.
Between June and December 2021, numerous victims retained the services of 41-year-old Shahid Malik, the owner/operator of Shahid Malik Law Office located in Mississauga, to settle their real estate transactions.
It is alleged that Shahid Malik received more than $7.5 million in trust for real estate transactions to allow the victims to pay off their outstanding mortgages.
It is further alleged that despite the victims’ numerous requests, the suspect did not allocate these funds towards the outstanding mortgages. As such, each victim has suffered a significant financial loss.
Shahid Malik, a resident of Brampton, is currently wanted for defrauding the public and breach of trust.
The Law Society of Ontario says Malik’s law office is at 101-120 Matheson Blvd. in Mississauga, near Whittle Road. His areas of practice include civil litigation, real estate law, and criminal law matters.
The large window sign reading, “A lawyer you’ll swear by — not at” was on display one fateful day at that law office in the spring of 2019. On April 25 of that year, Hamilton mobster Pasquale (Pat) Musitano was shot and injured outside of those law offices.
Musitano was coming out of an early-morning meeting with another lawyer, Joseph Irving, whose office was on the site. Irving had been acting for Musitano in connection with a paving and construction company.
Malik was quoted extensively in Hamilton Spectator coverage about the attack.
Musitano survived that shooting, but was shot to death in a Burlington plaza in July 2020.
Investigators believe that there may be further victims and are urging them to contact investigators at 905-453-2121, extension 3354.
Anyone with information in relation to the whereabouts of Shahid Malik is asked to contact investigators at 905-453-2121, extension 3354.
Information can also be left anonymously by calling Peel Crime Stoppers at 1-800-222-TIPS (8477), or by visiting peelcrimestoppers.ca .insauga's Editorial Standards and Policies advertising