And now we hear rumors that agents are being funneled into this “new” brokerage — as if we’re watching a play where roles are swapped but the same players remain. Perhaps “Reco” has a hand in orchestrating the charade: good cop/bad cop, pushing out one figurehead Joseph Richer, the RECO Registrar while riding shotgun in the shadows.

It begs the question: Why did he resign if he did nothing wrong? The optics suggest he was part of a cover-up. After all, under his watch, RECO cut a deal letting the iPro co-founders off without charges (despite millions missing from trust accounts).

The fact that Richer left right after the public outcry strongly implies there was pressure applied. It looks less like a clean exit and more like “You handle the fall guy while the real players stay hidden.”

So when Alves claims the trust money was used to “save the brokerage,” we have to ask: Was the rescue real—or was this a smokescreen to relocate the actors and assets under a new shell (iCloud?) while the damage is buried?

The bigger question: Why is no one going to jail for this? The manipulation of trust funds, the brand theft, the shifting of clients and agents — these aren’t mistakes. They’re moves. And they should be prosecuted as such.

The public and industry deserve clarity. Show the contracts, prove the chain of ownership, and let law enforcement do their job. Anything short of full transparency is complicity.