TORONTO, March 22, 2013 /CNW/ - The Integrated Bankruptcy Enforcement
Unit comprised of the Royal Canadian Mounted Police (RCMP) - Greater
Toronto Area (GTA) Commercial Crime Section and the Ontario Region
Special Investigation Unit of the Office of the Superintendent of
Bankruptcy (OSB), charged the following individual with offences under
the Criminal Code and the Bankruptcy and Insolvency Act (BIA). The allegations all relate to fraud and the abuse of the bankruptcy
Vinh Cuong PHAM, age 57, of Brampton has been charged under the Criminal Code, Sections 380(1)(a) 'fraud over $5000' and twice under Section 368(1)
'uttering forged documents'. Furthermore, Mr. PHAM is also charged
with four additional offences under the Bankruptcy & Insolvency Act. This includes Section 198(1)(b) 'failure to answer fully and truthfully', Section
198(1)(c) 'material omission', Section 198(1)(g) 'disposition of
property obtained on unpaid credit', and Section 198(2) and 'failing to
comply with duties as a bankrupt'.
The matter is scheduled for first appearance at Ontario Court of Justice
- Old City Hall in Toronto on March 22nd, 2013.
The RCMP and the OSB Special Investigation Units will continue to
combine their efforts to investigate allegations of criminal wrongdoing
related to bankruptcy and insolvency matters in order to protect the
integrity of the insolvency system in Canada.
SOURCE: Royal Canadian Mounted Police
For further information:
Sgt. Richard Rollings,
RCMP "O" Division