by Courtney Zwicker | Sep 23, 2025 | Legal Issues, News
Former Calgary Realtor Eric Drinkwater has been permanently banned from trading in real estate in Alberta after admitting to defrauding 71 people out of more than $3.5 million through a Ponzi scheme. The Real Estate Council of Alberta (RECA) announced the lifetime...
by Mario Toneguzzi | Sep 4, 2025 | Boards & Associations, Legal Issues, News
The real estate industry in Canada is facing a profound reputational challenge in the wake of two high-profile scandals involving iPro Realty Ltd. in Ontario and Re/Max Real Estate (Central) in Calgary. These incidents have not only shaken consumer confidence but...
by Courtney Zwicker | Jul 7, 2025 | Boards & Associations, Legal Issues, News
The fallout of the multi-million-dollar Ponzi scheme by former Calgary Realtor Eric Drinkwater continues to unfold, with new developments relating to the fraudster’s one-time bosses and the brokerage he worked for. Drinkwater’s scheme centred around falsified bridge...
by Courtney Zwicker | Jun 2, 2025 | Boards & Associations, Legal Issues, News
Pat Hare, owner of the Calgary brokerage that employed Ponzi schemer Eric Drinkwater, not only failed to report the illegal activity, but also advised the fraudster against coming forth himself, a judge has ruled.~ In a decision of the Court of King’s Bench of Alberta...
by Courtney Zwicker | May 30, 2025 | Boards & Associations, Legal Issues, News
Re/Max has dropped Calgary’s Re/Max Central, among the city’s best-known brokerages, owned by longtime Realtor Pat Hare, amid allegations surrounding the multi-million-dollar Ponzi scheme run by a former employee.~ The brokerage was the employer of former...
