This man, alleged to be behind a high-interest mortgage scam, is living large on social media
In his social media videos, Anas Ayyoub has painted a rags-to-riches story in which he says he went from having to "scavenge" for money to provide food for his family to a lifestyle that now allows him to drive a Lamborghini he says is worth $1.4 million.
But offline, a number of Canadians — mostly seniors — accuse Ayyoub of defrauding them, allowing him to enjoy that luxurious way of life.
Marketplace first reported on the scheme back in March. Many seniors allege he is part of a scheme involving door-to-door equipment rental contracts, questionable renovations and high-interest mortgages worth hundreds of thousands of dollars that many homeowners didn't know they had and can't afford.
Since then, the Ontario Provincial Police (OPP) executed a search warrant at Ayyoub's home in Mississauga, Ont., which included seizing that Lamborghini earlier this year. Ayyoub hasn't been charged.
Lawyer Greg Weedon represents many of the alleged victims and says that as far he knows, despite the search warrant, Ayyoub is no longer in Canada.
"The fact that he was able to get out of the country with all these victims' … funds, at the end of the day, it is just a complete failure," said Weedon.
In a statement provided to Marketplace through his lawyer, Ayyoub notes that he continues to be a Canadian resident. He says he has "always conducted his business dealings lawfully and in accordance with the advice and guidance of senior counsel and consultants." Read more