Case Overview:

• Parties: Plaintiffs (Darryl Goddard and W.I. Goddard & Sons Ltd.) claimed $225,823.61 in loans provided to Defendant (David Friars).
• Nature of the Case: Plaintiffs allege loans were given, while Defendant argued he acted as an intermediary to forward the funds to "Dianna Robert," whom he claims both he and the Plaintiffs believed was a legitimate investment opportunity.

Key Facts:

• The money was provided via five bank drafts, all payable to Friars, marked as loans with his signed acknowledgment.
• The funds were eventually sent to "Dianna Robert," later found to be part of a scam.
• Plaintiffs provided evidence of the Defendant's handwritten promises to repay, supported by audio recordings.
• Friars denied owing the money and maintained the payments were investments directed at Ms. Robert.

Court Findings:

1. Loans or Investment:

   • The court concluded that the payments were loans based on written evidence (bank drafts) and corroborative audio recordings.
   • Claims by Friars that the funds were investments for Robert were unsupported, and his explanation about a fake romantic ruse was deemed not credible.

2. Tax Compensation Claim:

   • Goddard's claim for damages due to RRSP withdrawal tax consequences was dismissed due to lack of documentation and credibility concerns.

3. Interest:

   • The court awarded simple interest at 3%, rather than higher rates suggested by some documents, as Goddard only sought reasonable interest.

Judgment:

• Plaintiffs awarded:
  • Darryl Goddard: $228,119.50 (principal + interest) and $11,218.59 in costs.
  • W.I. Goddard & Sons Ltd.: $34,964.11 (principal + interest) and $3,375 in costs.