Fraudster Robert Brock Frost, RB Frost, Rob Frost, or who knows what other aliases, has stung the local Your Credit Union in Cornwall Ontario for thousands.
CFN obtained documents from Mr. Frost’s statement to his Bankruptcy Trustee Jeff Webb that outline over $2M in debt that the “Investment Real Estate Broker” has declared. That amount does not include the near $700K from the Al Hatset Real Estate deal from Nicaragua.
The amount the local Credit Union is listed for in total is $301,750.00.
Mr. Frost’s father, Keith Frost, in a letter to the trustee has offered to advance $80K cash if creditors agree to conditions to settle proposed by Mr. Frost. That’s an offer essentially of $8K for over $2M in secured and unsecured debt.
In the meanwhile RB Frost is busy trying to get people to invest their monies with him with come ons like winning $10K if they buy or sell with him, or purchasing revenue generating property with no or low money down.
The bigger question is if RECO sanctions brokers who claim debt of over $2M pitching people to invest in real estate rather than it simply be their primary residences. Frost also has been pitching zero down buys.
When you view a listing on he’s pitching on his facebook page it takes you to a link on his real estate selling site. LINK which oddly enough doesn’t list a rep or broker but has a generic form to contact for more information.
Realtor.ca listings have the sales rep and broker normally listed.
What do you think dear CFN viewers? Do you think Brock Frost will be able to swindle his creditors and keep selling Real Estate? How do you feel about RECO and the industry as they are aware of Mr. Frost’s plea deal for fraud in Quebec recently as well?
Would you deal with an “Investment Real Estate Broker” who’s going bust,and has his dad offer to pay a slim portion of his debt to settle?
You can post your comments below.