*Tony Crawford vs Bank of Montreal

*Making sense of fake money

*Ponzi loans tax credit default swaps

*A case for banking reform

*Signature specific identity theft

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Viewpoint: Ron Hicks

The Tony Crawford - Bank of Montreal case led me on a journey to explore what is really wrong with the banking system  in Canada. There is an old saying about "follow the money."

This case helped me to understand how we do not have capitalism anymore but rather "Corporate Fascism."

From the time I met Tony and his wife to the time of publishing this
website I am convinced that they are both true Canadian heroes.

By itself  it is a truly fascinating story.  A real David vs Goliath.
It exposes all the crimes of how our banking system works.

 

 

 

Brief Bio - Tony Crawford
Tony Crawford is a Canadian co-inventor of IBM JAD – Joint Application Design techniques recognized as an industry standard for quality business solutions design and IT project management. He is a highly respected author of professional papers and process analysis textbooks from his life’s work experience.  

Crawford joined IBM Canada in a move from IBM UK to Vancouver in 1976. He held a variety of positions in technology support and sales and in 1979 he was appointed Marketing Manager, Distributions Systems in Toronto. In 1980 he joined a special rapid systems development project that launched his first book, “Advancing Business Concepts in a JAD Workshop Setting” published by Prentice Hall in 1994.  

In 1999 a Bank alleged Crawford owed money based on third party representations that started grueling litigation  and counterclaims that still continues today. The Bank and their lawyers describe the phenomenon as “Sitting Duck” loans for namesake debtors who become victims of “Signature-Specific-Identity- Theft”. Crawford visualized it as a profiteering scheme as his own lawyers explained “Off-balance-sheet” swindles that hide trick loans from credit bureaus. Just as Enron “Prepay” loans book corporate debts as commodities, emerging “Sub-prime Mortgages” translate personal debts involving SIV’s – Structured Investment Vehicles into exotic ABCP’s – Asset Backed Commercial Paper investment products. In 2004 Crawford wrote the Liberal Canadian government that responded nothing could be done, and in 2006 he published two volumes from the experience, “The Perfect Sting” and “Identity Theft Protection”.  

Today, Crawford is a well-known advocate that Banks could and should do more identity validation and financial due diligence before they approve unsustainable and often undisclosed loans to recipient debtors. On February 26, 2007 he wrote the Conservative Canadian government of the dangers and social impacts of predatory lending practices and the urgent need for “Sitting Duck” laws for consumer protection. On September 13, the Bank of Montreal was fined $100,000 for forging clients’ signatures and the Minister of Finance, the Honourable James Flaherty responded to Crawford’s books on September 23, 2007. Then, on October 3, 2007, the Federal government announced “Canada Will Criminalize Identity Theft” and on December 13, 2007 the Ontario Legislature read Petition-44 noting NDP – New Democratic Party leader Jack Layton supports an investigation into Bank lending practices. 

Crawford’s latest work is an academic dissertation title, ‘Business Ethics,
Lending Technology Analysis of Income Tax Sheltered Toxic Loans’ expanded from a paper, ‘A Canadian Case for Banking Reform’ he presented to Mr. Larry Summers at the White House for the April 2009 G20. He has also written a lighter read in a fiction called ‘The Tax Invader’s Plan’
subtitle, ‘Doing God’s Work’. Both volumes are free downloads on his public
awareness web sites www.G20Rule.com and www.Petition44.com for people to sign a petition for consumer safeguards in financial markets.
Crawford is a popular speaker on television and radio talk shows including
CHTV and BBC radio interviews to discuss the impacts of the global credit
crunch and urgent need for revisions to the law to protect people from
identity theft and usury tricks.