Local News

Toronto office shooting: Alleged mortgage fraud pushed husband ‘to the edge,’ wife says

The gunman in a Toronto office shooting that left two people dead was “pushed to the edge,” his widow says, after the couple allegedly fell victim to a scam and lost their life savings.

Speaking to Global News on Thursday, Alisa Pogorelovsky said her husband Alan Katz was a “humble man” who loved his family.

They were married for more than nine years and have two children, aged 17 and six.

Pogorelovsky said their lives were “amazing” and “happy,” but once they fell victim to an alleged scam, “everything changed.”

“He couldn’t work. He couldn’t do anything. He couldn’t concentrate. He stopped sleeping, he stopped eating,” she said of her husband.

“He stopped being himself. He just couldn’t take it that people can come and take your money and just leave you behind without any fears and still go to work in the same office where it’s happened and just continue doing what they continue doing.”

Arash Missaghi and Samira Yousefi were shot dead on Monday in an office building off Mallard Road in North York, near Don Mills and York Mills roads.

Katz, 46, also died at the scene.

Speaking at the scene Monday, Det.-Sgt. Al Bartlett said before the shooting took place, an altercation “in relation” to the business unfolded.

Earlier this week, Pogorelovsky said in a statement that her husband “could not handle losing our life’s savings” in an alleged mortgage fraud Missaghi and Yousefi were being accused of.

“The events that gave rise to the litigation that we are involved in with Missaghi and Yousefi have devastated and now destroyed our family. Alan could not handle losing our life’s savings and that is what lead to this tragic event,” Pogorelovsky said in the statement.

“He wrote a note before he died that I found today which explains what he was thinking and why he acted as he did. I hope that someday my family will be able to recover.”

That note, which Pogorelovsky shared, said Katz’s death was “in the hands of” Missaghi and Yousefi, as well as two other individuals.


The email you need for the day’s
top news stories from Canada and around the world.

“Stop these criminals from destroying people’s lifes,” the note read.

In the interview Thursday, Pogorelovsky said no one helped them once they fell victim to the alleged scam.

“We just (went) everywhere, asked for help and nobody did nothing,” she said, adding her husband “was pushed to the edge.”

Missaghi and Yousefi were named in a lawsuit filed this year by Pogorelovsky, who accused the duo of being involved in a “syndicated mortgage fraud” that saw her lose $1.28 million and her family home, court filings show.

Missaghi had faced legal trouble in the past; in March 2018, he was charged by Toronto police in an alleged mortgage fraud investigation dubbed “Project Bridle Path.” A spokesperson for the Ministry of the Attorney General told Global News that in July 2021, the Crown withdrew the charges against Missaghi.

According to Pogorelovsky’s lawsuit, her family wanted to create an investment fund by releasing the equity in their home. They mortgaged it, and paid into a fund that promised a higher rate of return with investments in syndicated private mortgages.

The lawsuit alleges Yousefi operated Saarad Investments Inc., the “front for the scheme.” The funds managed by Yousefi were to be secured on mortgages in the Greater Toronto Area. Two real estate lawyers represented the “syndicate,” the lawsuit claims, alleging they were affiliated with the scheme that was an “elaborate ruse to obtain the plantiff’s money.”

Over time, Pogorelovsky invested $850,000, $400,000 and $80,000 in three properties. Pogorelovsky “hounded” Yousefi for progress on investment returns, the lawsuit alleges. She eventually started to receive some small payments, which “appear to have been efforts to comfort the plaintiff as to the progress of the mortgage investments,” court documents read.

“The plaintiff finally discovered there were no mortgages on the properties securing the plaintiff’s investments. The plaintiff hired lawyers, whose investigations into the matters turned up similarities to a number of mortgage fraud schemes allegedly organized by Arash Missaghi,” the filing reads.

In February, the judge hearing the case ordered the accused’s assets be frozen. However, the lawsuit stated while two of the defending parties responded, the others did not.

“Apart from a small amount frozen in one of the other defendants’ bank accounts, the other non-lawyer defendants have so far not been affected by the order,” court documents read.

Pogorelovsky said the justice system let them down, but noted that there are still court proceedings.

“I hope that people will hear me and understand that this man — he just wanted to protect his family,” she said.

Sofia Medvedyav, a close friend of the Katz family, told Global News on Thursday it was “devastating” to see “somebody so bright” being taken advantage of.

Aside from identifying Missaghi and Yousefi, police have not shared any new information since Monday evening.

Pogorelovsky said that on Monday, she had no idea that her husband was going to go and commit the shooting.

“No, I didn’t know anything,” she said.

“I couldn’t tell because he was in such a bad state.”

Medvedyav said a GoFundMe page has been started for Pogorelovsky.

“These people lost their life savings. They spent their entire lives saving up. They worked hard,” she said.

“These people started businesses in a country that they did not know the language of, that they did not know anything in, so what do they have left right now?”

The police investigation remains ongoing.

Anyone with information is asked to contact police at 416-808-7400 or Crime Stoppers anonymously at 416-222-8477.

— with files from Sean O’Shea

Shares:

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *