Condo manager has licence revoked over cryptocurrency buy
A property manager who transferred $500,000 in condominium reserve funds to an alleged cryptocurrency investment company known as Pink Piggy Investment Group Inc. has had his license to manage condominiums in Ontario revoked.
While the ruling provides a strong signal about the financial and legal accountability required to manage a condominium community, some are urging the Condominium Management Regulatory Authority of Ontario (CMRAO) to use the example to keep its focus on serious issues.
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