Vince Iannello: Scam Allegations, Red Flags & Financial Risk Warnings | FinanceScam.com
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Recipient #1

Real Estate Council of Ontario

Recipient #2

Financial Services Regulatory Authority of Ontario

Recipient #3

Canada Revenue Agency

Recipient #4

Ontario Provincial Police

Contact Info

  • City:
  • Newmarket
  • State:
  • Ontario
  • Country:
  • Canada
  • Phone:
  • +1 416-889-1443
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What does our research say about Vince Iannello?

Vince Iannello, a former real estate agent, has been associated with several serious allegations and legal issues:

Deceptive Practices Leading to Lawsuit

Misrepresentation to Elderly Clients: In 2019, Iannello was sued by 73-year-old Harold Verge, a blind man, for allegedly deceiving him into selling his home. Iannello reportedly misled Verge about legal restrictions on property ownership for individuals over 65, prompting the sale.

Unlawful Sale of Property: The lawsuit claims that Iannello sold Verge’s home without proper consent, leading to significant distress for the elderly couple.

Violation of Professional Standards

Failure to List Property on MLS: Iannello did not list Verge’s property on the Multiple Listing Service (MLS), a standard practice to attract potential buyers. This omission potentially resulted in the property selling for less than its market value.

Underpricing of Property: The property was sold for $675,000, despite an appraisal value of $750,000, indicating a significant undervaluation.

Revocation of Professional License

Loss of Real Estate License: Following the allegations and legal proceedings, Iannello’s real estate license was revoked, reflecting serious breaches of professional conduct.

Transition to Accounting: After the revocation, Iannello transitioned to a career in accounting, distancing himself from the real estate industry.

Legal and Financial Repercussions

$1.25 Million Lawsuit: The lawsuit filed by Harold Verge sought $1.25 million in damages, highlighting the severe financial and emotional impact of Iannello’s actions on the elderly couple.

Potential for Further Legal Actions: The case underscores the possibility of additional legal actions, including punitive damages, against Iannello for his alleged misconduct.

Public and Professional Reproach

Damage to Professional Reputation: The allegations and subsequent legal actions have severely damaged Iannello’s reputation within the real estate and accounting professions.

Public Outcry and Media Coverage: The case has attracted significant media attention, leading to public outcry and a loss of trust among potential clients and colleagues.

Summary generated by data analyzed and provided by ChatGPT 4o, Grok and DeepSeek

FAQs on Vince Iannello

Know exactly who you are dealing with

His license revocation for deceiving a blind man into selling his home below market value shows a willingness to exploit vulnerable clients, risking significant losses.

A $1.25 million lawsuit for misleading an elderly couple in 2019 reveals predatory behavior, eroding confidence in Ontario’s real estate and financial sectors.

Working with Capital360 after losing his real estate license raises fears of unethical lending practices, potentially harming borrowers.

Operating Vince Iannello Professional Corporation with a history of deceit suggests possible tax or financial misconduct, endangering clients’ finances.

His alleged lies about a home sale’s cancelability exploited a disabled client, highlighting risks to seniors and others in need of honest advice.

His actions undermine Ontario’s regulatory systems, fostering distrust in real estate, mortgage, and financial planning industries.
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User Feedback and Discussion on Vince Iannello

1.6/5

Based on 5 Ratings

Trust
20%
Risk
52%
Brand
24%
by: Andrew Tate

After being sued for tricking a blind man into selling his home, Vince Iannello's transition to providing financial advice is alarming. His past actions suggest a pattern of unethical behavior that should not be overlooked.

by: Mila Rhodes

Vince Iannello's history of deceiving an elderly couple into selling their home under false pretenses is deeply troubling. His subsequent shift to offering financial services raises concerns about his commitment to ethical practices.

by: Leo Pierce

How can anyone trust a financial advisor who was sued for misleading a senior citizen into selling his home? Vince Iannello's actions speak volumes about his character.

by: Valeria Suárez

Wow, reading this makes me so mad. Hardworking people lose their money while these guys live large. Authorities gotta step up and do their job! It’s always the same story—fancy talk, big promises, and then boom, nothing but fraud

by: Xavier Domínguez

Seen this kinda scam before, it's always the same pattern. Flashy lifestyle, fake credentials, and then poof – people's savings gone. Makes you wonder how many more are out there doing the same thing right now. Seriously, why don't these...

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