Desperation Sets In As The Offices Of The Mortgage Station Are Once Again On The Block
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Verico the Mortgage Station

Loan Sharks Defrauding Seniors in Simcoe County Now Hiding Behind a Wall of Lies and Deception.

A documentary in production for broadcast and streaming

Five Points Media is a provincially registered media company and community channel.

Production: 416-996-2786 ~ Email jironside@fivepointsmedia.ca

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Our reports and evidence remain 100% uncontested by any identified person.
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This 'threat' was sent by an anonymous coward who feared signing their own name.

Why is the HomeEquity Bank, an asset of the Ontario Teachers' Pension Plan (OTPP), valued at more than $247.5B, working with loan shark mortgage brokers who prey on seniors and veterans, while draining the resources of local charities, and why are they afraid to challenge the evidence and allegations of a small not-for-profit?

UNREFUTED FACTS - CLICK HERE

  1. Our articles have been online throughout the time shown above; however, we have not received a single challenge to our fully-supported alllegations.
  2. All three brokers who are key to this documentary, David Flude, Lisa Purchase, and Renee Dadswell, have admitted in writing to our allegations.
  3. We have made multiple offers for the brokers of Verico the Mortgage Station and their various corporate allies to explain their side of the story.
  4. Despite our multiple offers of détente, not a single representatives of any of these multi-million and multi-billon dollar companies has stepped up.
  5. We have offerred to cancel this documentary, and to delete all articles and videos, if any of the accused can disprove our claims on camera using evidence.
  6. So far, none of them have shown the courage to stand up and disprove our claims, meaning all of our allegations remain 100 per cent uncontested.
  7. These purportedly 'legitimate' companies, who secretly lie to their clients about us, appear so afraid of our evidence they will not challenge our allegations.
  8. If we were not factual in our reporting, any of those corporations could have attained a cease and desist order or other injunctive relief against us.
  9. Instead, all these wealthy corporations seem willing or able to do is hide in the dark and hope that their clients do not learn the truth.
  10. So far, 97% of comments made online or through emails, direct messaging, etc. have been supportive of our exposure of these criminal acts.
  11. The South Simcoe Police Service is subject to pending investigation after omitting evidence and falsify figures to help the wealthy brokers.
  12. The Producer is 35-year media veteran who has worked as an international television news in places like Bosnia and the Middle East, and as the Deputy Editor of a national European newspaper owned by the Washington Times.
  13. The Producer has also passed on that knowledge and experience by teaching at three community and private colleges in Ontario and British Columbia.
  14. The Producer and crew of this expose documentary represent a not-for-profit community channel that since 2014 has donated more than $700,000.00 worth of services to more than 185 local charities, not-for-profits, benevolent special interests groups, and the towns and villages of Simcoe County.
  15. In 2020, at the height of the pandemic, the Producer and crew were nominated for and voted to the highest levels for an award for altruism presented by the City of Barrie and the Greater Barrie Chamber of Commerce.

Desperation Sets In As The Offices Of The Mortgage Station Are Once Again On The Block

Back in early September, we started reporting about the apparent financial troubles that can be seen to be stifling operations at Verico the Mortgage Station. Those issues are public only because of their own public posts, which include the conversion of offices that were touted as intended for an expansion, being instead turned into apartments, apparently to generate cashflow, the loss of several brokers and agents who were not replaced, and more importantly, the application of a digital 'for sale' sign to the offices of Verico the Mortgage Station, which is at least for now located at 1370 Killarney Beach Road, Lefroy, ON, L0L 1W0.

It is the old story of the village idiot who destroyed his house trying to prove he could defeat a mouse.

We virtually disappeared for about a month, between November 15 and December 25, 2024, and it seems like on a few fronts the loan sharking brokers of Verico the Mortgage Station, and their supposedly no-longer-associated collaborators at Verico Financial Group Inc. and HomeEquity Bank, thought we have given up on reporting this story. Not only did we learn that Lisa Purchase, the apparent under-the-bus scapegoat for this ongoing story of criminal and ethical breaches of trust, has in fact returned to the good graces of both Verico Financial Group Inc. and HomeEquity Bank (more on that shortly). It also appeared that the offices of Verico the Mortgage Station were suddenly and unexplainably no longer for sale as a commercial or residential complex.

With our reporting 'gone', it appears they thought it was time to get back to defrauding seniors.

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It was on the very same day, December 18, 2024, that we made it clear why we had been away and that we were definitely back, that management at Verico the Mortgage Station posted that their offices were once again back on the real estate market. It could be coincidence, such as simply changing their sales agent or broker, or it could be because for as long as the truth of their abuse of senior and veteran clientele are made available to the public, they have virtually no chance of staying in business without rebranding, rebuilding, and relocating, and we are ready for any of those actions. In his 'anonymous' frivolous threat of abusing the civil court system to scare us off, now almost a year old and unfulfilled, which we retorted so fully that David Flude ran away without resurfacing, the Principal Broker for the slowly dying brokerage boasted about how nobody at his brokerage was getting rich off what they stole by usury, which he said included the officers of the South Simcoe Police. Those officers and detectives have been accused now for more than eighteen months, in a very public way, of being 'motivated' to omit key evidence and of using fudge figures and fake math to be able to manufacture cause to cut the then multi-million dollar brokers a 'get out of jail free card', but they have never contested the allegations.

Only financial 'professionals' and police officers who have something to hide refuse to defend their own names.

Clearly, for David Flude and any partners or investors at Verico the Mortgage Station, it is better for them to sell their property, and oversee the sale, than to surrender all control to a receiver assigned by the bank. That could be why the building, original posted for approximately $4.5 million, was reduced by $500,000.00, and has now, according to the newest listing, been reduced again by that same amount, totalling $1,000,000.00 in direct real estate losses. That means, no matter how you cut it, this ongoing crisis for this once prosperous business, which could have been settled over a cup of coffee more than two years ago, has now festered to a point where the management and owners of Verico the Mortgage Station are directly losing tens of thousands of times more on the sale of an office than it would have cost them to simply do the right and honourable thing. According to several statements made by David Flude through emails etc., it certainly seems that the customized building is only for sale because of the public backlash against their criminal and ethical breaches of trust committed against their trusting senior and veteran clientele, that has been caused by our ongoing exposure of their criminal and ethical breaches of trust.

What kind of a idiot flushes his life's work down the toilet over a few hundred dollars of grift?

Our exposure of their struggles caused by treachery are also easily found by prospective buyers, which is no doubt bringing down the value further as everybody can quickly learn it is a fire sale fuelled by desperation, being peddled by loan sharking and spineless crooks who cannot afford to maintain the business for which it was built, mostly because they refuse to stand up and do the right thing, or challenge the fully supported allegations in a court of law. This entire situation was created because the brokers of Verico the Mortgage Station who have each acknowledged in writing their part in stealing money from senior and veteran clientele, (Renee Dadswell), (Lisa Purchase), (David Flude), and they have chosen to hide for more than two years instead of acting professionally and addressing the issue. Then, their criminal and ethical abuses of trust rippled upward to their see-no-evil colleagues at Verico Financial Group Inc. and HomeEquity Bank who were evidently conned into the lie that if they hid and ignored their crimes, the story would just fade away.

Instead, have lost millions of dollars due to the exposure.

Both Verico Financial Group Inc. and HomeEquity Bank invested considerable effort to strip all association with the brokers of Verico the Mortgage Station, and one or both stooped so low as to try to censor the truth of their collaboration in the indictable offences of both usury and Fraudulent concealment.

347 (1) Despite any other Act of Parliament, every one who enters into an agreement or arrangement to receive interest at a criminal rate, or receives a payment or partial payment of interest at a criminal rate, is
(a) guilty of an indictable offence and liable to imprisonment for a term not exceeding five years; or
(b) guilty of an offence punishable on summary conviction and liable to a fine of not more than $25,000 or to imprisonment for a term of not more than two years less a day, or to both.
341 Every one who, for a fraudulent purpose, takes, obtains, removes or conceals anything is guilty of an indictable offence and liable to imprisonment for a term not exceeding two years.

All the management teams of Verico Financial Group Inc. and HomeEquity Bank have accomplished is to sully their own reputations and to reveal themselves as unethical to hundreds of thousands of potential clients. For example, we will be posting, most likely tomorrow, how Verico Financial Group Inc. and HomeEquity Bank have publicly realigned themselves with Lisa Purchase, who suddenly vanished from the website of Verico the Mortgage Station back in July, seemingly as a scapegoat for the collective criminal and ethical abuses. Apparently, her willingness to take one for the team is being rewarded. If their own posts are true, this change of heart would suggest deliberate deception, which failed back in July due to our exposure.

We are far from done, and the brokers of Verico the Mortgage Station, and the boards of directors of Verico Financial Group and HomeEquity Bank can be assured that as they deceive, we will expose.

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