Private Credit CEO Banned After Fraud Hits 26,000 Investors (2)

David and Natasha Sharpe, the husband-and-wife team found to have committed fraud at private lender Bridging Finance Inc., were fined and ordered by Canada’s top securities regulator to repay more than C$20 million ($14.6 million).

David Sharpe, who was Bridging’s chief executive officer, was permanently banned from working or trading in the capital markets in Ontario. Former Chief Investment Officer Natasha Sharpe will be allowed to trade in some personal accounts if she meets the penalties and repayment obligations outlined in the decision by Ontario’s Capital Markets Tribunal.

Bridging, a private lender based in Toronto, was ...