Disgraced Victoria mortgage broker found guilty of civil contempt as warrant issued for his arrest

Alleged Ponzi schemer Greg Martel was found guilty of civil contempt of court Monday in Vancouver, along with an uncommon request from the judge that the warrant for his arrest be placed in the Canadian Police Information Centre (CPIC) system, which would allow police and authorities across Canada, and possibly at border crossings, to be aware he is a wanted man.

Martel is the disgraced Victoria mortgage broker who owes 1,200 investors $226 million. His whereabouts are uncertain, although he was rumoured to be in Thailand at one point.

In her ruling, Justice Shelley Fitzpatrick said it was clear Martel has not abided by numerous court orders compelling him to produce financial records and co-operate with court-appointed receiver PricewaterhouseCoopers (PwC) in its work to find the missing millions and recover assets for investors.