A well-known Toronto restaurateur is set to make his first court appearance after allegations that he defrauded a handful of Toronto investors out of more than $1 million.
Panagiotis “Peter” Tsatsaris, who was once described in this newspaper as someone who “changes our world just a little bit for the better,” is to appear in a College Park courtroom Thursday afternoon on 14 charges — three counts of fraud over $5,000 and 11 counts of uttering a forged document.
He is accused of bilking investors across the GTA out of their life savings — one man allegedly lost $500,000 — after convincing them through a series of forged letters and contracts that they were buying McDonald’s restaurants along the Hwy. 407 corridor in Thornhill.
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