Andre Muran Guiding hand in multiple fraudulent schemes including straw man mortgage fraud deals  that soaked lenders for $23 million. Between the late 90’s and 2010, it is  estimated that between 3 of his schemes, all  based out of resort properties he controlled  in Canmore AB, his operations took  corporations, lenders and consumers for  more than $145 million dollars. Image circa 2001 The total number of victims is not precisely known. On the low end, some  have said that roughly 3500 people were victimized. Other sources (including  former staff members) say closer to 7500 individuals were victimized in  addition to banks and investment lenders.  Lenders who were defrauded in alleged straw-man mortgage fraud schemes  lost a total of $23 million dollars at last report.  New consumer protection laws in Alberta, specific to timeshare and travel  club industry have come about as a direct result of the tactics used in Andre  Muran’s operations.   In addition to consumers and lenders, many vendors also felt the sting.  Trades people make up a good number of the folks who provided upgrades  and services to the resort properties, and were then never paid for the work  they did nor the materials they used to complete projects. Andre Muran and his companies no longer have any connection, claim to or  association with any of the resort properties that were previously used in the  frauds.  Chateau Canmore and the property formerly known as the Banff Gate  Mountain Lodge and Spa are now operated by a professional management  company. Canmore residents tell us they have not seen Andre Muran around town  since late 2010. There is no word on where he might be.  Little known, but interesting... Andre Muran is brother to Bob Muran- World renowned competitive skier who has appeared on the Discovery Channel, Johnny Carson and more. He currently operates the Island Princess in Toronto’s harbour. Learn more about Bob Muran Though the trouble began  long before,  Chateau  Canmore property went  into receivership in 2008  The Banff Gate Mountain  Lodge and Spa, built circa  2001 became the home  base for the scam. Though it continued  operating, the corporation  was struck from the  corporate record in 2008.  Foreclosures followed.  Andre Muran Quick Facts © L.Goodwin 2011