CFI Trust & Dealer Financing - Legal Solutions (L0260694 ...
These funds were thereafter set off by RBC to pay down other existing RBC credit facilities. The charade ended in the fall of 2005 when RBC learned of Totem’s actions and called in its loans. As a prior ranking creditor, RBC recovered all but $576,000 of its $3.6 million in financing while CFI was left with over $5 million in bad loans. ................
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