Is a common business enterprise sufficient to prevent a bank from being defrauded?

In First Gulf Bank v. Collavino Incorporated, 2013 ONSC 4630, the court addressed a theory of liability advanced in that case based on a common business enterprise, at paras. 113: However, to pierce the corporate veil it is not sufficient that companies act in concert in a common business enterprise were that one entity controls the operations and structure of the group of companies. Moreover, little value is added to the argument by merely demonstrating that members in the group of companies have similar names, have changed their names, share and inter-mingle assets, have a common logo, trade off the same reputation, have the same business address, or use company names interchangeably. More is needed. There must be a corporate entity set up as a sham to facilitate wrongdoing and to shield the corporate shareholders from liability for existing indebtedness.