The Globe and Mail reports in its Thursday edition that Bridging Finance executives drafted deceptive credit-committee memos and failed to disclose conflicts of interests on loans that ultimately earned them tens of millions of dollars, according to a key witness for the Ontario Securities Commission. The Globe's Tim Kiladze writes that Dennis McCluskey, a former Bridging Finance official who sat on the lender's eight-person credit committee, testified Wednesday as part of the OSC's enforcement hearings. He alleged that loan approval documents were sometimes altered for reasons that were unclear to credit-committee members like himself. He also alleged that some of these documents provided false uses of proceeds, meaning credit-committee members, the majority of whom were needed to approve a loan, were not told what the money would really be used for. The OSC has formally charged David and Natasha Sharpe, the husband-and-wife duo that ran Bridging Finance until its 2021 receivership, with fraud. Bridging's former chief compliance officer, Andrew Mushore, has also been charged with fraud. The regulator's enforcement hearing started in June. The OSC is seeking bans and fines against the Sharpes and Mr. Mushore.