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