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If,
the Appeal Court of Ontario had
allowed a trial in the Tony
Crawford vs. Bank of Montreal
case, it would have exposed the
crimes of the Canadian Bankers.
Those crimes cost the Canadian
Tax Payers Billions of dollars
of bailout money. (ABCP - Asset
Backed Commercial Papers)
Investment bankers must exalt legally binding pre-executed loans for ponzi
tax credit receivables far more than commercial bankers loved Enron
Prepays.
After seven years in court, the Appeal Court of Ontario ruled no wrongdoing
by the Bank of Montreal to collect a potentially fraudulent ten-year-old
Bank-demand Note for an undisclosed unsigned pre-executed loan with a
Non-bank Note filled out by an accountant selling tax shelter investment
schemes.
Allied Canadian promotes mortgages as investments that qualify for tax
credits. According to BMO Capital Markets, the departure of Mr. Michael
Emory will be a loss to the BMO Allied Canadian REIT – Real Estate
Investment Trust. The REIT
apparently acquired property through step transaction loans that
process personal income tax credits to repay mortgages.
In this case, the RCMP cited potential criminal acts by Mr. Michael Perris
CA, Mr. Ian Fardoe of BMO and Mr. Michael Emory of Allied Canadian behind
trick loans.
The ICAO laid charges and fined Mr. Perris CA $5,000 for taking referral
fees over eleven years handling loans to sell investments to accounting
clients. Mr. Emory as a lawyer, bank agent, and ‘Taker of Affidavits’
notarized Mr. Perris swearing witness that an investor signing as a ‘Maker’
of a Non-bank Note is the same person signing a blank Bank-demand Note. Mr.
Perris filled out banknotes in ‘Unit’ amounts for secret commissions that
BMO rubberstamped and changed with initials and dated to close sales.
BMO requested payments to equity loans and investment loans after closings
that start mortgage tax credit receivables for the bank and Allied
Canadian. The government approves tax claims until unpaid mortgages fail to
perform after ten-years when note Holders repossess property from investors
left in debt to underwriting
banks.
ABCP mortgages in default that failed to rollover are behind the largest
thirty-two billion dollar ($32B) bankruptcy of unregulated Non-bank Notes
in Canadian history.
Despite compelling evidence before nine judges, the court rules ‘bank
documentation makes it clear there is no genuine issue for trial in
relation to the Bank of Montreal’.
BMO has signed acceptance of $80,000 as full settlement, but Mr. Siegel,
the bank’s lawyer accuses they were shortchanged $1,000 and will not remove
the writs. A year ago, BMO refused a zero dollar settlement to drop
cross-claim No. 2940/07 against all parties. It could have ended all
litigation. Instead, the court refused handwriting analysis and accepted an
alternative Factum presented to the bench that removed counterclaim
arguments. The bank denied litigating
a commingled fraudulent banknote
and the LSUC – Upper Canada Law Society is following up a complaint of
obstruction of justice. Currently, BMO threatens court assistance to seize
and sell the plaintiff’s house unless they get a signed release from
having to
defend the cross-claim before the court.
Undisclosed sitting duck loans that require signature affidavits paper ABCP
Third Party Notes laundered through taxation systems at enormous expense to
the government. Apart from being tricked out
of personal and public wealth,
Canadians have just paid thirty-two billion dollars
($32B) to bail out banks as
ABCP ‘Holders’. |
