Ms. Coco is a co-owner and director of Bridging, a private lender that managed more than $2-billion on behalf of 26,000 largely retail investors until it was placed under the control of a receiver in 2021 at the request of Ontario’s securities regulator. The Ontario Securities Commission has alleged fraud and self-dealing on the part of Bridging’s former top executives, married duo David and Natasha Sharpe, but has not alleged any wrongdoing on the part of Ms. Coco.
unilateral decisions about the project so long as the planned buyout took place by Aug. 30, 2022, the court records allege. It’s not clear what disclosure, if any, was made about this guarantee to investors in the Bridging fund, or whether Bridging received any consideration for the pledge. Bridging had “no business reason to agree to the guarantee,” CERIECO’s claim states.
Unbeknownst to CERIECO, Mr. Chan signed documents that released Bridging and Coco Paving from their guarantees, it alleged in its claim. Mr. Chan had no authority to do so, CERIECO alleged, as the loan agreement stipulated that CERIECO’s president in China was the only official who could sign off on such a move.
Thank you for information. I call for Israel to end its occupation of Palestine. An occupying country cannot be democratic.