Attempt by CIBC to have “Declaration & Final Release” signed

FOR GOOD AND VALUABLE CONSIDERATION, including the payment of the Release Amount [ $480.00], I release and forever discharge Canadian Imperial Bank of Commerce, its successors and assigns, directors, officers, agents and employees (collectively, “CIBC”) from all claims, demands, suits, debts and costs (whether at law or in equity, known or unknown, suspected or unsuspected, now existing or subsequently arising) that I have or may have arising out of or in any way related to these transactions involving me and CIBC. This Final Release is binding upon me and my agents, heirs, executors, administrators, successors and assigns.

Attempt by CIBC to have “Declaration & Final Release” signed

To: Andrei Oudovikine
From: Canadian Imperial Bank of Commerce, CIBC
Date: April 13, 2005

Presented but not signed

CIBC%20Waiverf.jpg

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Risks: Able to finance and sell negative cash flow franchise on crooked appraisals, Andrei Oudovikine, Appearance of government oversight, Arthur Wishart Act (Franchise Disclosure), 2000, Canada, Asset-based lending, Auditor General of Canada, Bad faith and unfair dealings, Bank Act, Canada, Bank violates federal privacy laws, Bank complaint process protects those who pay their salaries, Bank pays franchisor with franchisee's funds, Bank refuses to provide mandatory documents, Bank violates federal privacy laws, Bank won't finance deal because they know something you don't, Bankruptcy, Bankruptcy, first the company and then you personally, Banks, Banks allegedly mastermind fraud, Banks are industry cheerleaders, Banks collude, Blocking for the industry, Canada Revenue Agency, Canada Small Business Financing Act, Canada Small Business Financing program, Canadian Alliance of Franchise Operators, CAFO, Canadian Franchise Association, CFA, Canadian Imperial Bank of Commerce, CIBC, Code of ethics, a joke, Code of ethics, almost never enforced, Coerced waiver of legal rights, self, Collaborators, Complaint letter to franchisors trade association, Conspiracy to commit fraud, Conspiracy to hide the true nature of events in order to avoid detection, Controlling, trapping or defeating the franchisee, Credence good fraudulent expert, Credence goods: taking advantage of the innocents, Credibility, Criminal charges, Debt traps, Deceptive business practices, Earnings claim made, Externalities: cheap business decision when someone else pays, Financial Consumer Agency of Canada, Franchise banker, Franchise business model perfectly suited to enable massive fraud, Franchisee leader, Franchising is the most lucrative form of commercial lending, Franchising Opportunism paper, Franchisor financing: faster in, out & resold (serial bankrupts), Franchisor knew they were selling money losing concepts, FranWhack: a system that is not investment-worthy, Fraud, Fraud financed by rigged appraisals used equipment & leaseholds, Fraudster banker, Fraudster broker, Fraudster franchisor, Futility of taking legal action, Government guaranteed loan approved extremely quickly, Government guaranteed loan filled out by sales agent, Government guaranteed loan made without proper security, Government guaranteed loan misapplied, Government guaranteed loan program very attractive to fraud, Government guaranteed loans, Government guaranteed loans used a great deal in franchising, Government guaranteed loans: program loses $1, franchisee families lose $10, Government inquiries into franchise abuse allegations, Government investigation, Government inquiries into franchise abuse allegations, Ideas once outrageous are now considered normal, Illusion of government oversight, Imbalance of information and power, Immigrants as prey, Incompetent or predatory: for the small business investor, the outcome is the same, Industry Canada, Industry in disrepute, Industry elites like this regulator, Knew or could have reasonably been expected to know, Lender's due diligence not done properly, Lending duty, Lending duty never enforced via regulation or litigation, Lending is subject to expert fraud because it is a credence good service, Lending risk much lower, Les Stewart, Loan pushing, Loan servicers and brokers attracts fraud, Minister of Finance, Canada, Ministry of Government and Consumer Services, Ontario, Misrepresentations, Most lucrative form of commercial lending, franchising, Multi-tradename franchisors are often the most ruthless, Office of the Superintendent of Financial Institutions, Canada, Ombudsman for Banking Services and Investments, Canada, Ombudsman, franchisee must sign gag order 1st, Ombudsman, funded by franchisors & suppliers, Ombudsman, risk of information going to franchisor, On Cooling the Mark Out (Erving Goffman), Only saw bank official once before loan granted, Opportunism (self-interest with deceit), Police intervention, Predatory actions, Predatory franchise lending, Predatory lending, Privacy breaches a prerequisite for fraud, Privacy Commissioner of Canada, Refuses to accept complaint, Refuses to investigate complaints, Regulator already has enough power but they don't use it, Regulatory capture breeds its own incompetence, Reputation management, Retaliation, Right to associate, Right to associate and right to harass, Royal Canadian Mounted Police, RCMP, Sales agent shenanigans, Shame - humiliation emotion, Some of the nastiest predators run several tradename systems, Sunshine is the best disinfectant, Symbiotic relationships (industry, banks, lawyers), Taxpayers end up paying for private gain, Termination threats, The game is rigged, Threats of physical violence, Theft, Tony Martin, Towers of gold, feet of clay, Trap for the trusting, U.S. subprime mortgage scandal, Unauthorized funds transfer by bank, Undue influence, War of attrition, Watchdog fails to bark, Willful blindness, Write a letter of complaint, Canada, 20050423 Declaration &

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