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 […]
Why Every Business Should Consider an Accounting Subscription Service
No matter the size of your company, keeping updated and accurate books is essential. Come tax season, what seems like a simple task can quickly turn into a mountain of receipts, pay stubs, and headaches if not handled properly. For (SMEs) small and medium business enterprises and start-up entrepreneurs, bookkeeping often falls to the bottom […]
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 […]
Demystifying Bank Reconciliation: A Crucial Practice for Financial Health
In the realm of finance, meticulousness is paramount. Every penny must be accounted for, every transaction tracked. This precision is not just a matter of good practice; it’s a necessity for ensuring the financial health and integrity of any business. Among the many tools and practices employed in financial management, bank reconciliation stands out as […]
Unlocking Competitive Rates for Health Insurance with Venning
In the world of business finance and insurance, finding the right partner to navigate the complexities can be akin to finding a needle in a haystack. However, with venning.cpa, businesses can now streamline their quest for competitive rates in health insurance, empowering them to make informed decisions that safeguard both their bottom line and their employees’ […]
Unveiling Venning.CPA’s Special Monthly Subscription Plan: A Comprehensive Solution for Your Business
In today’s fast-paced business landscape, efficiency and cost-effectiveness are paramount. That’s why Venning.CPA is proud to introduce our special monthly subscription plan—an all-inclusive solution designed to streamline your financial operations and drive success. With a focus on simplicity, transparency, and unparalleled service, our subscription plan offers a comprehensive suite of services tailored to meet the unique needs […]
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 […]
Don’t Worry About Fees: Subscription Based Financial Operations is the New Way
In the evolving landscape of financial management, the concept of subscription-based operations has surfaced as a pragmatic approach to tackling the complexities inherent in managing finances, especially for small and medium-sized enterprises (SMEs). A prime example of this innovative shift is embodied by venning.cpa, which operates on a subscription model to offer financial operations expertise. The […]
Transforming Your Business with Venning: A Guide to Financial Excellence
In the dynamic landscape of business, the need for adept financial management has never been more crucial. From startups navigating uncertain terrain to established enterprises seeking to innovate and grow, every organization must effectively manage its finances to thrive. Amidst this imperative, the emergence of venning.cpa represents a transformative force, offering unparalleled expertise in guiding businesses towards […]
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