Ewhan is a member of the SIREG Investor Recovery Coalition who invested through The Simple Investor. This is Ewhan’s story, in their own words.
In Ewhan’s words
My name is Ewhan Orest Ruzycky, commonly called Evan.
In 2001 I inherited some money but there was an email scam which convinced our real estate lawyer to send all house sale proceeds to another bank account. At this time I also purchased a Kipps Lane condo with Simple but had to ask for my deposit back due to the house sale loss, complete fraud and gross negligence. Our real estate lawyer didn't even call us for a bank change.
My girlfriend at the time let me into her home as I had nowhere else to go. In 2004 I received a partial payout from LawPro Error & Ommissions and used $100k of the proceeds to invest in a Windsor-JV with Sireg/SimpleInvestor.
I chose this investment because I was told it would be 18months at 45% return and it fit my requirements of pursuing my future with my girlfriend because her son was going to be 18 at that time and we could move on. I could either get 45% return or purchase a unit and get cash flow.
I began contacting George every few months for about a year after that but didn't hear back. Finally, he got on a call with me and told me that I could bankroll my investment into another unit and keep the money in the company. But I just wanted my $100k + 45% ROI back immediate. So I held out. Another year had gone by and I wasn't getting anywhere with Simple. It is now 2.5yrs later and I learn that I lost another $100k.
I have never owned a home and felt that my inheritance would help this. However, this is the 3rd time I have now lost a real estate transaction in the last 5yrs. I still own nothing and am now out another $100k
It has been a very difficult 5yrs for me and I have considered bankruptcy a number of times. I need my money back $100k and the 45% ROI written in the contract.
What’s happening: the SIREG and Simple Investor situation in brief
If you arrived here looking for news about The Simple Investor, SIREG Management or Todd C. Slater, here is the short version.
- Who: The Simple Investor brand and SIREG Management Inc. were founded by Todd Slater (Todd C. Slater), a former talk-radio host. They sold condo units and joint-venture investments to individual Ontario investors, many on a “guaranteed rent”, hands-off model (The Globe and Mail).
- September 2026: SIREG Management reported “liquidity challenges” and investors stopped receiving their payments (CTV News, CBC News).
- The regulator: the Condominium Management Regulatory Authority of Ontario (CMRAO) took regulatory action against SIREG Management Inc., including immediate licence suspensions (CMRAO).
- Insolvency: several SIREG and Simple Investor companies have filed for insolvency, the process many people search for as the “Simple Investor bankruptcy” (The Globe and Mail, Insolvency Insider).
- People named: coalition members have been asked to share any first-hand documents about their dealings with SIREG Management representatives, including Todd Slater and Sheila Vos Slater, with the coalition’s legal team.
The SIREG Investor Recovery Coalition (the SIREG coalition) brings affected investors, condo owners and tenants together to share information and pursue recovery through the proper legal and regulatory processes. No allegation against any individual has been proven in court.
Join the coalition · Register your unit · Share your story · Read the latest updates
