GUELPH, ON, June 29, 2012 /CNW/ - The Royal Canadian Mounted Police
(RCMP), Kitchener Detachment Commercial Crime Section, charged Dannie
William Donald Gallotti, age 58, of the Guelph area, with three
offences under the Bankruptcy and Insolvency Act (BIA). The charges relate to false representations and the abuse of the
The RCMP alleges that when Gallotti filed for Bankruptcy in October,
2011 he failed to disclose his entire assets to the Trustee. Gallotti
has not been discharged from his bankruptcy. The Bankruptcy and Insolvency Act permits a debtor to obtain a discharge from his or her debts, subject
to certain conditions and requirements. These requirements are imposed
to preserve and protect the integrity of Canada's insolvency process
for the general benefit of investors, lenders, consumers, and the
broader public interest.
"The RCMP is responsible for enforcing the Bankruptcy and Insolvency Act
and will undertake criminal investigations where evidence of wrongdoing
exists", stated S/Sgt. Pierre Gagnon, Detachment Commander of Kitchener
Detachment. "The objective of these investigations is to maintain
confidence in the integrity of the bankruptcy and insolvency system and
the economic stability of Canada."
Gallotti is scheduled for his first court appearance in relation to the
BIA charges on Tuesday August 14, 2012, at the Guelph courthouse.
SOURCE Royal Canadian Mounted Police
For further information:
Cst. Rip Mills
Office: (519) 896-3542
Cel : (519) 223-0052