Articles
Bridging Finance Executives David and Natasha Sharpe Found Guilty of Fraud by OSC Tribunal
David and Natasha Sharpe, former executives of Bridging Finance Inc., have been found guilty of fraud by the Ontario Capital Markets Tribunal. The independent division of the Ontario Securities Commission (OSC) ruled that the Sharpes personally benefited from millions in kickbacks and engaged in fraudulent financial practices involving investor funds. Fraudulent Activities and Kickbacks Bridging […]
Sean McCoshen’s Role in Bridging Finance Scandal: A Closer Look at the “Bagman”
The Bridging Finance scandal is one of the largest financial frauds in recent Canadian history, and at its center is Winnipeg businessman Sean McCoshen. While the media has concentrated on Bridging Finance’s CEO, David Sharpe, and his wife, Natasha Sharpe, McCoshen’s role, as one of the company’s largest debtors, has received less attention. One cannot […]
The Fall of a “Whiz Kid”: David Ng’s Role in the Bridging Finance Scandal
In 2019, David Ng emerged on Bay Street as a bold and ambitious financial “whiz kid.” Known for his audacious claims, Ng painted himself as the future of Canadian finance. He told stories of becoming an “internet millionaire” at 16 and selling a Chinese glass factory for $150 million. By his late twenties, Ng claimed […]
The Bridging Finance Debacle: Peguis First Nation’s Battle with Financial Crisis
In 2017, Peguis First Nation engaged with Bridging Finance Inc., a company founded and operated by David and Natasha Sharpe, to obtain a $30 million loan due to its pressing housing shortage and development needs. Sean McCoshen facilitated this loan to help Peguis meet urgent needs for badly needed financial resources, but the terms of this loan […]
Secret Loan Guarantee Sparks Controversy in Bridging Fund Dispute: PwC Rejects $213 Million Claim
In a dramatic turn of events, the receivership proceeding of Bridging Finance Inc. (BFI), as overseen by its court-appointed receiver PricewaterhouseCoopers Inc. (PwC), now urges the court to reject Cerieco Canada Corp.’s claim to $213 million against the BFI’s flagship fund. This claim rests on a loan guarantee that was reportedly secret and improper, according […]
Bridging Finance Principles Face OSC Penalties
The OSC is seeking significant penalties against the former executives of Bridging Finance, including fines of up to $1 million for each individual in court costs. David Sharpe, Natasha Sharpe, and Andrew Mushore are all facing penalties for defrauding investors out of millions of dollars, as well as intimidating witnesses and obstructing the regulators’ investigation. […]
The Sharpe’s Misappropriated $40 million from Investors for Bridging Finance’s Benefit
In September 2018, David and Natasha Sharpe in combination with Andrew Mushore misappropriated approximately $40 million from the Bridging Mid-Market Debt Fund LP (the MM Fund). They used these funds to pay for a purchase of Ninepoint Partners LP’s management interest in Sprott Bridging Income Fund LP, as well as $2 million into the personal […]
David Sharpe and Natasha Sharpe Implicated in Bridging Finance Fraud
The Ontario Securities Commission (OSC) has cast a spotlight on Bridging Finance, implicating the company in a complex web of alleged misappropriation and fraud. At the center of these allegations are David Sharpe and Natasha Sharpe, key figures within Bridging Finance, whose actions have raised serious concerns about ethical conduct and financial mismanagement. One of […]
Unraveling the Allegations of Fraud and Misappropriation of Funds at Bridging Finance Inc.
The Ontario Securities Commission (OSC) has leveled some serious allegations against Bridging Finance Inc., a Toronto-based investment management firm overseeing $2 billion in assets under management. The regulatory body asserts that the individuals behind Bridging Finance have committed fraud, misappropriated funds, made misleading or untrue statements, and obstructed investigators during the process. According to the […]
OSC Seeks $1M Fines and Penalties for Ex-Bridging Finance Executives
The Ontario Securities Commission (OSC) has made serious allegations against three former executives of Bridging Finance Inc., relating to defrauding investors, obstructing the regulators’ investigation, and intimidating witnesses. The OSC staff is seeking penalties which include fines of up to $1 million against David Sharpe, Natasha Sharpe, and Andrew Mushore, all of whom held high-level […]
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