Articles
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 […]
Rishi Gautam’s Signature Forged on Multiple Documents in Bridging Finance Case
Bridging Finance Inc., a financial services company based in Toronto, Canada, has been embroiled in a series of legal battles since its collapse in 2022. The ongoing OSC hearing against Bridging Finance and its top executives has revealed a history of fraud, dishonesty, and deceit creating victims of investors, borrowers, employees, and other stakeholders. OSC […]
Six Bridging Finance insiders to testify for the OSC in private lender’s alleged fraud case
Six senior Bridging Finance Inc. employees will be witnesses for the Ontario Securities Commission in its case against the private lender’s top executives, suggesting former company insiders will provide additional evidence of Bridging’s alleged fraud, dishonesty and deceit. Disclosure of the six insider witnesses was made Monday on the first day of the OSC’s enforcement […]