DISCIPLINE SUMMARIES
2007, Dr. Virani promised to pay back the original
$60,000 plus the subsequent $448,000 if Patient
A loaned him a further $53,410. Dr. Virani told
Patient A that he needed this new loan to have a
shipment of plastic goods released, which he claimed
was worth $629,000. Patient A loaned Dr. Virani
another $53,410 on February 16, 2007. On the same
date, Dr. Virani provided Patient A with cheques in
the amounts of $448,000; $33,000; and $53,410.
Patient A, when attempting to cash the cheques, was
told by the bank that Dr. Virani had put stop pay-
ments on the cheques on the same day they were
written.
On April 15, 2007, Dr. Virani provided a cheque
in the amount of $53,410 that Patient A was able to
cash. Patient A contemplated legal action against Dr.
Virani but did not pursue an action on the belief that
he would not get any money back. Patient A and his
family continued to see Dr. Virani as their physician
in the hope that Dr. Virani would eventually pay the
money back. Dr. Virani reimbursed a portion of the
money loaned by Patient A in the amount of $128,
544 prior to declaring bankruptcy.
Patient B
Patient B, who is also originally from Iran, was Dr.
Virani’s patient between about 1990 and 2007.
Patient B trusted Dr. Virani and eventually several
members of Patient B’s family became Dr. Virani’s
patients as well. Patient B and Patient A did not
know one another and did not know that each was
lending money to Dr. Virani.
Patient B felt comfortable with Dr. Virani, in part
because Dr. Virani had trained in Iran and spoke
Farsi. Patient B shared details of his business as well
as the fact that he had a substantial line of credit
available for his business.
In September 2006, Dr. Virani introduced Mr.
Latif to Patient B. Dr. Virani told Patient B about
an investment opportunity that he wanted to discuss
with Patient B. Patient B told Dr. Virani that he was
not interested in the investment, and indicated that,
due to the nature of his business, he did not trust
anybody. Dr. Virani asked Patient B if he trusted
him. Patient B replied that he trusted Dr. Virani
“one hundred percent” and agreed to lend money
to Dr. Virani, using his line of credit to do so. Dr.
Virani offered to pay interest on the loan. Patient B
refused, as his religious beliefs do not permit inter-
est payments. Patient B loaned Dr. Virani $150,000
from his line of credit, which Dr. Virani immedi-
ately wired to Mr. Latif ’s company, Pakistan Trading
Co. Dr. Virani agreed to repay the loan within one
month.
On November 10, 2006, Dr. Virani again ap-
proached Patient B and asked for another $51,000.
Patient B agreed, obtaining the money from his line
of credit. At Patient B’s request, Dr. Virani wrote
out a promissory note on his prescription pad for
the total loan of $201,000, undertaking in that note
to return the amount unconditionally wi thin three
months, which would have been February 10, 2007.
In February 2007, Patient B attempted to collect
the money owing. Dr. Virani told Patient B he was
not able to repay the loan. Dr. Virani told Patient B
that he needed more money to pay taxes and duties
on a shipment of goods, without which he would be
unable to repay any part of the loan already made.
However, if Patient B were to give Dr. Virani some
more money, Dr. Virani would be able to repay
everything immediately. On the basis of Dr. Vi-
rani’s representations, Patient B loaned him another
$34,633 on February 9, 2007. On the same date, at
Patient B’s request, Dr. Virani wrote three undated
cheques, representing the total amount of all three
loans, namely; $235,633 Dr. Virani told Patient B
that he would be able to pay him within a few days
and would tell Patient B what dates to put on the
cheques. Dr. Virani never provided this information
to Patient B and did not repay the loans. Patient B
subsequently took legal action against Dr. Virani and
obtained judgment in the amount of $235,633 from
the Superior Court of Justice. Patient B has never
collected on that judgment.
Bankruptcy
On June 30, 2011, Dr. Virani made a bankruptcy
proposal. Both Patient A and Patient B are listed as
unsecured creditors. By the time the proposal expires,
Patient A, who is listed as a creditor in the amount
of $448,000, will have received total payments of
approximately $42,000. Patient B, who is listed as
a creditor in the amount of $289,096, will have re-
ceived total payments of approximately $27,000.
ISSUE 3, 2017 DIALOGUE
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