Opinion ID: 2758262
Heading Depth: 4
Heading Rank: 1

Heading: The Hutchens Family and Related Entities

Text: -10- First, plaintiffs allege Hutchens’s wife, Tanya, and his daughter, Jennifer, are co-conspirators. They claim Tanya Hutchens as the person responsible for operating and maintaining the books of the fraudulent enterprise. She also controlled the majority of the entities to which the enterprise funneled the ill-gotten gains of their alleged scheme. Jennifer Hutchens (or Jennifer Araujo) was the “Manager of Underwriting” for several of the corporate entities. Plaintiffs next contend H. Jan Luistermans is a Canadian real estate agent who worked with the Hutchens’s enterprise. His primary responsibility was inspecting potential borrowers’ properties to determine whether the property could serve as acceptable collateral for the loans. During the relevant time period, Luistermans was employed by Realty 1 Real Estate Services Ltd. Additionally, the complaint named five issuing entities as defendants. The issuing entities—308 Elgin Street Inc. (308 Elgin), Canadian Funding Corporation (CFC), First Central Mortgage Funding Inc. (FCMF), Northern Capital Investment Ltd. (NCI), and Great Eastern Investment Fund, LLC (GEIF)—are all Canadian corporations that allegedly served as vehicles to issue the conditional loan commitments and accept the up-front fees required to secure those commitments. A sixth entity, First Central Holdings Inc. (FCH), served a similar function, allegedly receiving payments via wire transfers from class members. Finally, Hutchens and his associates used another cadre of entities, collectively referred to here as the transferees, to funnel or transfer class members’ advance payments. -11- The transferees would allegedly purchase real estate with these illicit fees soon after receipt.