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.

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.