TORONTO, Aug. 28, 2014 /CNW/ - The Integrated Bankruptcy Enforcement
Unit comprised of the Royal Canadian Mounted Police (RCMP) - GTA
Financial Crime Section and the Ontario Region Special Investigation
Unit (SIU) of the Office of the Superintendent of Bankruptcy (OSB),
charged Wilson Chi-Man SHEK, a 50 year old male from Toronto with
offences under the Bankruptcy and Insolvency Act (BIA). The allegations relate to fraud and the abuse of the bankruptcy process
which is intended for the honest but unfortunate debtor.
Section 198(1)(g) Bankruptcy and Insolvency Act (BIA), Fraudulent Disposition of Property Obtained on Credit and Not Paid For
The matter is scheduled for first appearance at the Ontario Court of
Justice - Old City Hall in Toronto on August 29, 2014.
This investigation began in January 2014 after the RCMP/OSB SIU received
information of possible wrongdoing by Mr. SHEK. It is alleged that Mr.
SHEK intentionally exhausted fifteen (15) credit facilities from six
financial institutions in a three month period from November, 2012 to
January, 2013; just prior to filing for bankruptcy. The investigators
believe that Mr. SHEK never intended to repay his creditors. The total
loss to SHEK's creditors in relation to the charges is over
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 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:
For media inquiries contact:
S/Sgt. Peter KOERSVELT,
Acting RCMP Media Relations Officer
"O" Division (Ontario)
Ph. 519-972-9595 ext. 248
Website: RCMP in Ontario