Anne Squires is questioning statements made in claims filed with the Supreme Court.
Anne Squires, owner of Exit Realty on the Rock, is questioning statements made in a claim relating to personal loans, filed at the Supreme Court of Newfoundland and Labrador Feb. 16.
Joseph Greene of St. John’s claims he provided $130,000 in loans to Squires back in 2014. They were, he states, issued under four promissory notes: $25,000 on March 3, 2014; $30,000 on May 1, 2014; $35,000 on July 2, 2014 and $40,000 on Sept. 30, 2014.
Greene claims he also provided another $20,000 to Squires in December 2015.
According to court documents, Greene counts a total of $39,275.69 paid on the loans, with the last contribution coming Feb, 5, 2015 and he believes he is still owed $110,724.31 by Squires.
But in a handwritten response, filed Feb. 23, Squires states she can find one promissory note, for $30,000, matching Greene’s May 1, 2014 date.
She notes paying $1,500 on Dec. 2, 2015, following “a two-day loan” of $20,000 provided the month prior, stating she assumes the $20,000 principal to still be outstanding.
She goes on to request copies of any cheques, promissory notes and signed documents showing agreed repayment terms in relation to Greene’s figures.
As of Friday afternoon, she had issued no response to another statement of claim listing her as defendant, as filed by businessman Hantag Li on Feb. 17.
He claims he provided $100,000 to 50549 Newfoundland and Labrador Inc., otherwise known as Exit Realty on the Rock — Squires’ real estate brokerage.
That claim states a loan was issued under a promise of repayment of the principal, plus annual interest of 32 per cent, with the expectation of monthly payments of $2,666.66, to be made on the fourth day of each month.
“The said promissory note was personally guaranteed by (Squires),” it states.
Payments are stated to have been made through Jan. 4, 2016, with a payment for Feb. 4, 2016 returned “NSF” — non-sufficient funds.
None of the statements made in either case have been proven in court.
Meanwhile, Squires’ business stands in receivership.
As reported, police confirmed an investigation into Exit Realty on the Rock on Feb. 5.
According to an information used to obtain a warrant to search the company offices on Feb. 16 (as filed at provincial court in St. John’s), police are looking into a claim of theft, fraud and breach of trust by Squires, within the period Jan. 1, 2013 to Dec. 31, 2015.
The warrant information connects the case to Service NL’s suspension of Exit Realty on the Rock’s real estate licence on Feb. 4.
No charges have been laid.
The majority of realtors once working with Exit Realty on the Rock have since found positions with other brokerages.