Lawyer says Etobicoke condo board invested $500,000 in crypto exchange
An allegation that a Toronto townhouse complex violated Ontario’s Condominium Act by investing at least $500,000 in a cryptocurrency exchange called Pink Piggy Investment Group is highlighting gaps in provincial protections for condo owners.
“One of the frequently cited statements about the condominium industry is that there’s no condominium police,” said Bradly Chaplick, a condo law expert with Horlick Levitt Di Lella LLP, and he stresses that’s particularly true when it comes to allegations of financial mismanagement.
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