Verico the Mortgage Station, Loan Sharks In Lefroy

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.
Studio: 705-828-5605 ~ 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.

The Loan Sharks Targeting Veterans Were Protected By HomeEquity Bank

View the full story on our website or on Facebook.

Each year, on November 11, our society gathers to demonstrate our collective gratitude to the veterans of our armed forces who laid down their lives, who were wounded, often with lifelong ramifications, who suffered from traumatic mental health issues like PTSD, and who lost their youth to the defence of their country.

The leaders of Verico Financial Group Inc. and HomeEquity Bank enjoy the freedoms and benefits that were paid for with the blood of veterans but would do nothing to help when one was defrauded.

Few people would ever think of sinking so low as to take advantage of these brave men and women. However, that is exactly what happened when the brokers of Verico the Mortgage Station, knowingly defrauded their senior and veteran clientele. Then, in a surprising display of disdain for decency, their actions were supported actively by Verico Financial Group Inc. and HomeEquity Bank, who refused to investigate the fully supported allegations of usury, or loan sharking.

It seems that both sides now see that the brokers of Verico the Mortgage Station, specifically Renee Dadswell, Lisa Purchase, and David Flude, acted deplorably by committing the indictable offence of usury, or loan sharking, a violation of section 347 of the Criminal Code of Canada, by charging a veteran and senior 198.25% in interest and fees on bridge financing after they manufactured a need by deliberately delaying the closure of a mortgage from three weeks to nine.

We say that, as after about two years of covering for the loan sharks, Verico Financial Group Inc. and HomeEquity Bank appear to have abandoned their former colleagues as an act of self-preservation.

For more than two years, W. Mark Squire, the President and CEO of Verico Financial Group Inc. and Katherine Dudtschak, his counterpart at HomeEquity Bank, have adamantly refused to acknowledge our various letters seeking an explanation or receipt of our complaint. (Examples (1) (2) (3) (4). Then, suddenly, all links to both companies disappeared from the website of Verico the Mortgage Station.

Not only did these corrupt corporations defraud a senior and veteran, or help to conceal the crime, the directors of Verico the Mortgage Station knowingly defunded the services of a benevolent community media channel that donated all services to assist hundreds of local charities, and not-for-profits, including charities associated with active military service personnel and first responders of various kinds.

It comes as little surprise that the reactions to our reports and videos by potential clients for all three corrupt corporations has been scorn and disgust.

According to various posts by Verico the Mortgage Station, it appears that due to the public learning the truth, that company is nose diving into oblivion. All we can say is karma is a bitch. They are losing agents and brokers in a steady stream out the door, they are converting offices meant for an expansion into apartments for cashflow, and their newly built custom office building is being sold, with the pitch being to turn it into multiple rental units in a town of only 700 residents.

It also seems inevitable that as Verico the Mortgage Station fades into oblivion, HomeEquity Bank will be "Left Holding The Bag." As we noted in that article:

"Using the updated number of twelve drive-by visits per week, and the same 50% ratio of lost opportunities, which is conservative, the HomeEquity Bank experiences a loss of opportunity, valued at $250,000.00 in potential income over a ten-year period, every time a visitor to this story chooses to buy into another option that is not a CHIP Reverse Mortgage. That adds up to $1,500,000.00 per week, or $78,000,000.00 per year. In the case of HomeEquity Bank, the lost sales, valued at $213,693.63 per day, are not restricted to those generated by Verico the Mortgage Station. People are frequently visiting our pages looking for information about HomeEquity Bank and the CHIP Reverse Mortgage, and they are coming from every province in Canada. That will only get worse when we launch our social media campaign focused on major population centres across the country. That will be launched soon, when the weather cools consistently, and more people are spending time on social media."

We will now be engaging in our right to warn fellow veterans about the risk of doing business with any brokerage flying the flag of Verico Financial Group Inc., and of course about the criminal and ethical breaches of trust undertaken by HomeEquity Bank, which chose to cover for loan shark brokers who sell their CHIP Reverse Mortgage rather than protecting the best interests of the senior and veteran clientele upon whom they depend to maintain their business. The issue of veteran treatment by HomeEquity Bank will also be the subject of our first social media blitz, scheduled to launch later this month.

A combination of weather ups and downs and commercial projects convinced us to wait until later in November, and we also wanted some recordings from Remembrance Day to use in the first video.

Veterans, and the widows they left behind, should never be the target of fraud by financial vultures like those at Verico the Mortgage Station, and those at Verico Financial Group Inc. and HomeEquity Bank, who covered for their criminal and ethical abuses of trust. We see it as our duty, having served, to warn as many brothers in arms as is possible regarding the threat to their financial security. We will, of course, be sure to advise the thousands of veterans who we reach that none of these corrupt corporations has in any way refuted or defended against our allegations, and they have each refused to meet, even under the flag of truce when no cameras would be present. These men and women, who have literally been "in the trenches" know that only cowards hide, and that those who have done no wrong stand up and defend their position, as they did when called upon to protect each other and their country.

Covering each other and having your brother's back was, after all, what veterns did for each other.

Soon, the HomeEquity Bank will learn, as the veterans did, what it feels like to fight battles on multiple fronts. As the last collaborator standing, they alone will defend against our human rights complaint for defrauding a senior, and an investigation by the RCMP into their actions and those of the South Simcoe Police Service, where detectives omitted evidence and falsified figures to create a get out of jail free card for the multi-millionaire brokers. They will also likely stand alone to face an ethics audit by the Financial Consumer Agency of Canada (FCAC), and to contend with our live broadcast and podcasts, scheduled to start in January, following our pending national social media blitz. We will also be contacting directly every branch of The Royal Canadian Legion and providing them key links, including this page, as well as every Army, Navy, Air Force Club, and many of the hundreds of veteran's pages found on social media.

You have to ask management of HomeEquity Bank, who continue to hide under their desks, if they still think it was a good idea to cover for loan shark brokers who they knew had defrauded senior and veteran clientele.

Our fully functional kitchen set.