Recalls and corporate policy corrections happen regularly in virtually every ethical Canadian company, and not only when it becomes known that the corporation faces possible liability for errors made in the production of their products, or there is potential harm to customers. We received this notice about Naloxone due to our direct boots-on-the-ground street outreach charity work with the unsheltered community in Barrie, to whom we distribute Naloxone when providing essential food, clothing, and tools of survival like tents and sleeping bags.

A recall is an example of ethical corporate response.

Naloxone is used mostly to counter the overdosing effects of street level opioids, so it is not very likely that civil liability was their biggest concern. This is especially true as the issue was an error in the written card about dosage, and not concerns about the product itself. It was also not likely life threatening, as the product is used the same way on every person no matter what their body size, gender, etc. So, if the manufacturer of the pharmaceutical was not ethical, they likely could have ignored the error and just hoped the issue went away.

That negligence is what HomeEquity Bank has displayed throughout the past two years regarding the loan sharking of their senior and veteran clientele.

It was back in June of 2022, more than two years ago, when our Producer , a client of Verico the Mortgage Station and holder of a CHIP Reverse Mortgage that had been brokered on behalf of HomeEquity Bank, reported to David Flude, the Principal Broker, that he had been defrauded by loan sharking undertaken by one of his brokers, Renee Dadswell, who had been assisted by her colleague Lisa Purchase, who dragged out the lending process from a promised three weeks to a disastrous and unethically extended drama of excuses three times as long of a so she could manufactured scenario through which the mark of the con became more obligated to accept the idea of paying extreme and illegal rates of interest and fees. This unexplained delay inhibited their client to earn income, which ultimately caused the near closure of a charitable community media channel that had voluntarily raised hundreds of thousands of dollars in support of any and every charity, not-for-profit, and benevolent community group that asked for help. Now, due to the games played by the brokers at Verico the Mortgage Station and the support provided to them by the boards of directors of Verico Financial Group Inc. and HomeEquity Bank those in need, from the homeless to children with cancer and more than 180 other causes are now denied a much needed and beneficial media voice. This is what those we helped had to say about our services.

The brokers charged more than 198% in interest and fees on short-term bridge financing, when the legal limit is 60%, and based on the laws of our nation, Renee Dadswell was subject to a prison sentence of up to five years.

David Flude responded by lying six times in two emails (Email 1) (Email 2) to evade investigation by the Financial Services Regulatory Authority of Ontario (FSRA). Then he refused to do anything and stonewalled any idea of an investigation. In an email dated May 29, 2022, in which he told his client neither he nor any broker would assist in any investigation, this 'ethical financial professional' even 'justified' the uncontested illegal lending rate of 198.25% in interest and fees by stating:

"3) This short term loan provided to assist you in making your previous mortgage payment obligation, in my opinion was a generous and helpful deal."

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The Criminal Code of Canada, Section 347 - Usury (Loan Sharking) states:
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:

1. guilty of an indictable offence and liable to imprisonment for a term not exceeding five years; or
2. 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.

Following that unethical and unprofessional response, the complaint and the unredacted evidence were forwarded to W. Mark Squire, the President and CEO of Verico Financial Group Inc., who did NOTHING but patronize in support of his brokers. Finally, the allegations and unredacted evidence were forwarded to Steven Ranson, the then President and CEO of HomeEquity Bank, who initially agreed to be interviewed on camera, but then retreated from doing so without explanation and assigning a low-level minion to speak in a very condescending manner to their customer; a former international journalist and instructor at three colleges, who remains a very active representative of media in his community. The respect for our Producer 's community contributions are sufficiently revered that during the height of the pandemic, he and his crew were nominated and voted to the highest levels by the City and Chamber of Commerce for an award for altruism.

So, is the entire City of Barrie and the leaders of their business community making up accolades about our Producer and crew, or are the loan sharks of Lefroy lying to everybody, including their now vulnerable allies?

When confronted by our fully supported reports and videos, David Flude turned to lying once again by telling some whoppers to a potential new client who sought a mortgage of $800,000.00 but ended up taking her business and a commission of about $8,000.00 to another brokerage. Not only did Elizabeth accuse David Flude of lying to her repeatedly, but she also supported the truth of our reports and videos while denouncing the lies told to her by this supposedly 'ethical financial professional'.
You can read the entire email here.

"Mr. Flude. You truly must think people are stupid, and your explanation is insulting. After receiving your response I read everything Ironside posted about you and I watched all of his company's videos. His work is clean well produced and professional, unlike your accusations that appear vacuous unsupported and offensive to the intelligence of other people. If he was what you claim he would not be putting his name on his work, and you would have sued him a long time ago as he openly taunts you to do more times than I could count. I even went back to watch some of his other videos. The man has credentials from work all over the world and he was selected for an award for altruism in Barrie. nonetheless, you paint him as simply an agitator. You insult me sir as you do anybody to whom you tell that lie. You also fail to mention that those people he - agitated - all lost to his eviednce and several were convicted or fined as criminals. That means he was right, and it is why you will not fight him in court.. Have you watched any of the videos he has produced for the hundreds of charities that are not about your company? I doubt it, but I did. Not all 300 plus of them, but enough. He has worked with everybody from multiple mayors to the chiefs of police. That is one well-connected agitator. I once worked in the courts many years ago and clearly, your agitator is somebody who stands up as we all wish we could. I read through your cover story like you are stamped on tracing paper. As you can see I have copied this email in full to your agitator and i am granting Mr. Ironside my consent to use it as he wishes. I think he is doing a damned good job exposing you and your agents and I would even be happy to chat with him on camera. I am ever so glad I found his reporting about your business. I will also be asking if he can recommend an honest broker. Do not insult me again by trying to whitewash your actions. I will advise my friend of what I have learned and I doubt they will be coming to you for any renewals. i admit I have been angered by your deceptive response as i do not like being lied to. I do not want to hear back from you again. E."The full email can be found here.

For more than two years, these multi-million and multi-billion-dollar corporations have had no defence other than to hide, because none of them ever thought our reports and videos would be dominating Google.

Dozens of lawyers have scoured our website, but their interest waned quickly, and they all went away, as happens when facing infamy for trying to abuse the courts to protect criminals who prey on seniors.

Now, due solely to the negligence of the boards of directors of Verico Financial Group Inc. and HomeEquity Bank, tens of thousands of people are aware of this story who would not have been had any of the corrupt corporations taken the ethical path instead of joining forces to cover for criminals. Furthermore, apparently, none of the three criminal collaborators seem to know what to do to stop us as all they have managed to muster is a lame and anonymous threat of abusive and court scorned Strategic Litigation Against Public Participation (SLAPP) lawsuit that they never filed with any court, based mostly on our legally valid and evidence supported right to report the truth.

That is when they learned they are not all powerful, that we are able to research the law, pertaining to copyright, SLAPP litigation, and more, and that as journalists and media producers we will warn their clients.

The board of directors at HomeEquity Bank showed their true ethics, as they were willing to try to abuse the law to silence our Charter guaranteed right to tell the truth. However, they will not justify their actions while on camera. Also, despite our more than seven hundred and seventy days of evidence backed reporting, they will not stand up to defend their actions in a court of law. They have chosen to continue to wear blinders for more than two full years, as they simply will not face our evidence, or at least not for as long as they believe they can hide. We hope they are now able to see how much the situation has changed. As we reported yesterday, in our story "Visible and Publicly Accountable - Verico the Mortgage Station" our reports and videos are now being found by Google and the other search engines within a day of being posted, which puts us on the same level for immediate public exposure as the CBC or CTV.

Now, within days of posting, the people we are trying to protect find the latest updates on the search engines.

The established old guard at HomeEquity Bank only have themselves to blame for the oncoming tsunami of exposure that will breach the walls of their corporate stronghold and will draw mainstream and more importantly independent media interest. However, Katherine Dudtschak, the new President and CEO of HomeEquity Bank, is able to put out some of the fires by simply stepping up and correcting the errors of her underlings and anything we have reported by discussing the actions of the Schedule 1 Canadian Chartered Bank she now helms, rather than hiding amongst the flock of now exposed criminals. Initially, Katherine Dudtschak was seen by us to be a potential breath of fresh air for the Schedule 1 Canadian Chartered Bank, and we welcomed her to communicate with us. However, from her lack of response to the two letters we sent, (Letter 1) Letter 2) it is becoming apparent that she remains a member in good standing of the old boy's network, where members overlook their own ethics, while demonstrating a lack of true professionalism, and who refuse to take the high road of accepting responsibility for the actions of those who represent their corporations.

Katherine Dudtschak's utter lack of response to clients being defrauded by loan sharks suggests she would choose not to warn the users of a product like Naloxone, and instead gamble that the lawyers could deal with it.

The virtually instantaneous response time now being demonstrated by Google and the other search engines means an oncoming explosion of exposure for these 'ethical financial professionals' who refused to take action to investigate the loan sharking brokers of Verico the Mortgage Station who defrauded senior and veteran clientele. On April 02, 2024, we published an article entitled "Mens Rea - A Guilty Mind - Verico the Mortgage Station", in which we relayed the reaction of the manager of a 'Big Five' bank when our Producer explained the situation to her:

"During a recent conversation between our Producer and a professional banker with one of Canada's Big Five banks, the lending professional could not believe that David Flude was trying to push such a narrative, going so far as to ask if the Principal Broker at Verico the Mortgage Station showed signs of mentally illness, and how did David Flude think his broker, Renee Dadswell, was just going to walk away with money she had stolen from a client through usury, or loan sharking?

Regardless, Katherine Dudtschak continues to ignore our multiple requests to meet or even to discuss the matter on the phone, regardless of having an ethical obligation to do so as the new President and CEO of HomeEquity Bank. Instead, she is evidently siding with loan sharks who are being protected by a negligent management team at Verico Financial Group Inc. As a result, the President and CEO of a Schedule 1 Canadian Chartered Bank will be dragged through a fully justified Human Rights Complaint for ignoring her obligations to public accountability, which is ironic as Katherine Dudtschak sits on the board of the Canadian Museum for Human Rights. She also now faces a deluge of videos telling our story and drawing people to our website from Canada's most populated regions, and of course, the almost instantaneous updating of our reports and videos on Google and the other search engines. Finally, let's not forget about our side focus on the dissenters of the Ontario Teachers' Pension Plan (OTPP), which owns HomeEquity Bank, to whom we have offered to collaborate regarding that massive corporation's decision to buy into an arms manufacturer that sells ordinance to Israel that they know is being used to kill innocent women and children suffering in the genocide of Palestine.

This story has grown to become provable allegations that a Schedule 1 Canadian Chartered Bank, owned by a quarter-trillion-dollar corporation, is protecting loan sharks who defraud senior, veteran, and altruist clientele.

Does this truly make sense to anybody? These much more massive corporations are risking their public image, their brand, media exposure, and less than ethical use of their predicament by competitors; all of which influence their ability to operate as profitably as possible. What is the obligation to protect and cover for an Oka from Muskoka broker, based in a microdot of a town in Central Ontario, who simply will not, or for whatever reason can not, face that his "generous and helpful deal" is in fact an indictable offence that is punishable by a prison term of up to five years.

So far, not one person who has reached out to us has sided with the brokers, and none understood the motivation behind the collaboration of the allies; however, many thanked us before going somewhere else.

Nobody we have polled can understand why the board of directors of Verico Financial Group Inc. and HomeEquity Bank as led by Katherine Dudtschak, who appears to have no stake in this criminal collaboration, are willing to throw themselves on the public pulpit in defence of the broker's 'right' to defraud seniors and veterans, the former of which are the life's blood of their entire six-billion-dollar corporation. Apparently they don't seem to understand that it is their unethical negligence to their clients that is causing this story to grow, as is true of the decision to hide that was made more than two years ago by the loan sharks at Verico the Mortgage Station and their head office at Verico Financial Group Inc..

This brings us back to the Naloxone recall, as in this metaphor, the HomeEquity Bank is the dirty cops, protecting the street dealers, and Katherine Dudtschak is the idealistic rookie who was going to 'make a difference', at least until she accepted 'motivation' to ignore her ethics and became part of the problem.