Feeding the Sharks - Verico the Mortgage Station
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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.

Feeding the Sharks - Verico the Mortgage Station

Following the publication yesterday of our article "Did Lisa Purchase Jump Ship, Abandoning Verico the Mortgage Station?" some of our industry insiders contributed that Verico the Mortgage Station has become known not only for loan sharking, and charging interest rates of nearly two hundred percent to senior and veteran clientele, but also for appeasing the corporate powers above by sacrificing those most loyal to them. Sorry, loan sharks, but that will not silence our reporting about your crimes, nor about the legal and ethical violations of your allies.

We know that is commonly called 'under the bus' or 'walk the plank', but we liked this graphic.

Lisa Purchase was the lesser of the three co-conspirators in the plot to setup the mark and then compel them to 'accept' illegal levels of interest and fees totalling more than 198%. Regardless of David Flude's self-serving lie that 'This short term loan provided . . . was a generous and helpful deal ' fraud by usury is an indictable offence punishable upon conviction by a prison term of up to five years. Rather than accepting responsibility, admitting their 'error', and resolving the issue, the brokers of Verico the Mortgage Station, and the management teams of Verico Financial Group Inc., and HomeEquity Bank chose to ignore the issue, then to hide for two years, while occasionally spewing out threats that they lacked the courage to act upon, while trying unsuccessfully to censor the truth of their crimes.

Lisa Purchase was loyal to David Flude, and yet without warning, and with no posted farewells, she found herself scrambling for whatever job would take her despite her reputation for fraud.

Lisa Purchase was loyal to David Flude, and yet without warning, and with no posted farewells, she found herself scrambling for whatever job would take her despite her reputation for fraud.

Despite more than two years of ongoing reports on this story, nobody from any of these multi-million and multi-billion-dollar corporations has denied our allegations, nor have they taken any action to inhibit our reporting.

If these 'ethical financial professionals' think feeding one of their lesser but loyal minions to the sharks will make this story go away, they are very sadly mistaken. Renee Dadswell stole from a client of Verico the Mortgage Station via usury, or loan sharking, and David Flude has admitted to turning a blind eye to the indictable offence and refusing to investigate despite the self-admitted regulatory requirements of the Financial Services Regulatory Authority of Ontario (FSRA) that compelled him to do so. Then, both the management teams of Verico Financial Group Inc. and HomeEquity Bank refused to investigate the crimes or review the unredacted evidence they had received, before actively collaborating to conceal and cover-up the indictable offence, which is another indictable offence called 'Fraudulent concealment' that is punishable by a term of imprisonment for up to two years.

These are all older than two-year-established public allegations that remain unchallenged, which pursuant to routinely accepted court standards makes them canon or accepted as fact in the eyes of the law.

We currently do not know if Lisa Purchase walked out on David Flude and the brokers of Verico the Mortgage Station, or if she was shown the door to make her a scapegoat for the crimes and ethical breaches of trust committed by more established and influential brokers and agents. We can tell, however, by a variety of signs and signals, that the sudden split does not appear to have been planned or amicable. There is also no sign of a fond farewell as neither side said goodbye, thanks, etc. on social media, which to most would seem like sour grapes or betrayal. It also appears that Lisa Purchase dropped her standards to accept the new job, and that David Flude seems to be having a bit of difficulty holding onto brokers and agents. Details can be found in this article.

Those who have assisted David Flude throughout the past two years, as is fully true of Lisa Purchase, must be wondering how long it will be before they find themselves climbing the ladder to the slide of sharks.

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