9/19/2023 0 Comments Sham 69 flyerStateView was asked how this information is being communicated to home buyers. “The receiver will provide further updates as soon as possible.” “The receiver (KSV) is currently reviewing the status of each of the projects and, at present, no action has been taken by the receiver with respect to any of the projects or any purchase agreements between the companies and the home buyers on any of the projects,” the notification reads. Notification was sent to homeowners on May 5 by KSV, according to StateView. Regarding BEA Towns, the project is currently in receivership with KSV Restructuring, which was appointed by the courts, StateView said. This information was sent to Hampton Heights homeowners on May 8, according to StateView. Our first set of homeowners at Hampton Heights are tentatively scheduled to move in mid-2023.” “Should there be any further change in the status of construction or closing dates, (the purchasers) will be notified directly by StateView Homes with an update. “Construction will be continuing at Hampton Heights,” Stateview said in its statement. The company was asked how this lawsuit will affect those who have bought or invested in Hampton Heights or at BEA Towns, and how this legal action will affect the construction and completion of these projects? StateView Homes officials could not be reached for comment by BarrieToday, but did issue statements answering some questions. They are under construction and sold out, the website says. Near Ardagh Road and Wright Drive, StateView’s website says the project is 218 townhouses, known as BEA Towns, and is fully reserved.Īlso at Ardagh Road and Wright Drive, Hampton Heights is to be 17 detached homes. StateView Homes is involved in a pair of Barrie residential developments. The allegations have not been tested in court.Īs of May 12, StateView had not filed a statement of defence. “The StateView defendants were active or complicit participants.”Īmong those named in the statement of claim are Carlo Taurasi, chief executive officer and president of StateView Homes, his brother Dino Taurasi, who's also StateView president, and Daniel Ciccone, StateView’s chief financial officer. “TD is the victim of a fraudulent cheque kiting scheme,” reads the lawsuit obtained by BarrieToday. Toronto Dominion (TD) Bank launched a $37-million lawsuit against Woodbridge-based StateView Homes, alleging it wrote thousands of bad cheques for large sums from corporate and personal accounts at other banks, according to TD’s statement of claim filed in the Ontario Superior Court of Justice in Toronto on March 24, 2023. Home buyers at two Barrie residential projects have received assurances after developer StateView Homes was recently accused of multi-million-dollar fraud.
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