Charges laid in Bankruptcy Fraud Investigation

TORONTO, May 8, 2014 /CNW/ - The RCMP GTA Financial Crime Toronto North Office in collaboration with the Ontario Region Special Investigations Unit of the Office of the Superintendent of Bankruptcy (OSB), have charged Thusanthini THURAISINGAM, age 34, of Whitby, Ontario with offences under the Criminal Code of Canada (CC) and the Bankruptcy and Insolvency Act (BIA) namely:

  • s. 380 CC - Fraud Over $5000 (2 counts)
  • s. 380 CC - Fraud Under $5000
  • s. 465(1)(c) - Conspiracy to Commit Fraud
  • s. 362(1)(b) CC - Obtain credit by fraud
  • s. 198(1)(b) BIA - Refuse or Neglect to Answer Truthfully at Examination (2 counts)
  • s. 198(1)(c) BIA - Make False Entry or Material Omission in a Statement (3 counts)
  • s. 198(1)(e) BIA - Obtain Credit by False Representation
  • s. 198(1)(g) BIA - Disposal of Property Obtained on Credit (3 counts)
  • s. 198(2) BIA - Failure in Duties of a Bankrupt

The matter is scheduled for first appearance at the Ontario Court of Justice - Old City Hall courthouse in Toronto on May 9, 2014.

The investigation began in January, 2014 after the RCMP received information of possible wrongdoing by Ms. Thuraisingam. The investigation revealed that in the fall of 2012, Ms. Thuraisingam was granted credit from several Canadian Financial Institutions using fictitious information on her credit applications. The fraudulently obtained funds were mostly withdrawn using cash advances and uncharacteristically large purchases. In order to gain additional credit, it is alleged that Ms.Thuraisingam, with the assistance of yet to be identified co-conspirators, deposited forged cheques onto her accounts, and then made further cash advance withdrawals and large purchases both in Canada and the Republic of Singapore.

The investigators believe that Ms.Thuraisingam never intended to repay the money, and therefore the funds and purchased property of approximately $117,000 were misappropriated prior to filing for bankruptcy.

Should members of the public have any information related to bankruptcy fraud schemes they are urged to contact the Ontario RCMP at 1-800-387-0020 or anonymously through Crime Stoppers at 1-800-222-8477.

The RCMP and the OSB Special Investigations Unit continue to combine their efforts to investigate allegations of criminal wrongdoing related to bankruptcy and insolvency matters in order to protect the integrity of Canada's financial systems.

SOURCE: Royal Canadian Mounted Police

For further information:

Sgt. Richard Rollings
RCMP Media Relations
"O" Division (Ontario)
416-992-4409

Website:   RCMP in Ontario
Twitter:      @RCMPONT
Facebook:  RCMP.Ontario
YouTube:  RCMPGRCPOLICE


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