Who ownes Canada Debt Assistance?

Answer 1

Canam Credit Company owns the shares of Canada Debt Assistance.

The below story is riddled with inconsistencies, and multiple errors.

Canada Debt Assistance was owned by Rogers Associate Financial Partners Until it was saved from Bankruptcy from a company called Canam Credit Company. On May 1, 2007 the company that purchased Canada Debt Assistance took ownership of the shares (RAFP finance the purchased). Unfortunately, the previous owners, John Rogers of Rogers Associate partners (RAF.V) ripped off many clients and misrepresented the sale to Canam Credit, the day before Canam purchased the company John Rogers and his company Rogers Associate Financial Partners stole money from the clients trust account withouts Canam Credit knowing as they just purchased the company and Canam CFO was involved.

Canam Credit's CFO at the time Rahim Esmail had close connections to Rogers Associate Financial Partners and presented the deal to Canam Credit Company, of course I would assume thre was trust with the CFO and the company was purchased.

When the company was purchased by Canam Credit they fired Canada Debts' two top managers of the debt assistance company because they were idiots eight days later - the employees Cam and Carry Don destroyed the program by inserting a virus shortly after the company was purchased in fear of losing their jobs.

The same day the company was purchased from Canam Credit it's CFO Rahim Esmail wired money from the clients trust accounts to John Rogers of Rogers Associate Financial Partners in the form of a purchase agreement that was done between the CFO and John Rogers - DOES THIS NOT SMELL FUNNY?

The other executives at Canam Credit or Canada Debt did not know what happened until someone in the office noticed tons of cheques sitting on the desk of the CFO, who was connected to John Rogers on October 27, 2007.

To make a long story short, Alberta Service and all the other regulators were notified by managers as soon as they found out, the CFO Rahim Esmail was fired with cause (of course) and Canada Debt Assistance was investigated AND CLEARED BY THE INVESTAGATORS in April 2008 - the company was allowed to continue business because the CEO of Canam Credit who was James White at the time put all his personal savings into the company to pay the people back and resigned as he was only 22 years old.

The shareholders of Canam Credit hired Mike Richmond to take over as President & CEO of Canam Credit on March 8, 2008. Michael Richmond hired Tammy Dagly to be the Operations Manager of Canada Debt Assistance in April of 2008.

Canada Debt Assistance struggled to make it work. Michael Richmond was left the company (without notice) on December 18, 2008 and Tammy of December 19, 2008.

The company at that point was employee less and was subsequently shut down. I was a customer of Canada Debt Assistance and in doing my research I found out that Canam Credit, James White, Michael Richmond or Tammy Dagly had nothing to do with the problems it was John Rogers and Rogers Associate Financial Partners and Rahim Esmail who stole people money. It was , James White, Michael Richmond and Tammy Dagly who saved the company.

I also found out that there was enough money to pay the customers their money back as the company posted $300,000.00 in bonds with the regulators and also had insurance. It's just a big hassle to get the money from the Regulators. Anyways - I'm still waiting to get mine back but I'm not mad at anyone except John Rogers.