TORONTO, Aug. 26, 2015 /CNW/ - The Integrated Bankruptcy Enforcement Unit comprised of the Royal Canadian Mounted Police (RCMP) – Greater Toronto Area (GTA) Financial Crime Section and the Ontario Region Special Investigation Unit (SIU) of the Office of the Superintendent of Bankruptcy (OSB), have charged a Newmarket man and woman with offences under the Criminal Code (CC) and the Bankruptcy and Insolvency Act (BIA). 52 year old Kevin TAYLOR and 47 year old Rosetta DEBARTOLO-TAYLOR will appear in Newmarket Court August 27th where they face several charges in relation to fraud and the abuse of the bankruptcy process.
In January 2015, the Integrated Bankruptcy Enforcement Unit began their investigation of Kevin TAYLOR. It is alleged that Mr. TAYLOR did not answer fully and truthfully to all questions put to him during his bankruptcy examination as well as failed to comply with the duties of a bankrupt by not supplying to the Trustee documents relating to his bankruptcy. Mr. TAYLOR is also alleged to have transferred the assets of his business to Rosetta DEBARTOLO-TAYLOR in order to defraud his creditors. At the time of his bankruptcy, Mr. TAYLOR had approximate assets of $20,500 and liabilities of $331,000.
Kevin TAYLOR, of Newmarket, is charged with:
- Transfer property to defraud creditors (1 count) of the Criminal Code (CC)
- Refuse or neglect to answer fully and truthfully all proper questions at an examination (1 count) of the Bankruptcy and Insolvency Act (BIA)
- Fail to comply with duties of a bankrupt (1 count) of the Bankruptcy and Insolvency Act (BIA)
Rosetta DEBARTOLO-TAYLOR, of Newmarket, is charged with:
- Receive property to defraud creditors (1 count) of the Criminal Code (CC)
The bankruptcy system is intended for the honest but unfortunate debtor. However, there are instances where individuals abuse the system by failing to comply with their duties under the BIA and/or engaging in fraudulent criminal activities. Offences are identified through detection programs or through complaints from creditors, trustee or the public.
Should members of the public have any information related to bankruptcy fraud schemes they are urged to contact either the Ontario RCMP at 1-800-387-0020 or the OSB at 1-877-376-9902 or anonymously through Crime Stoppers at 1-800-222-8477.
Website: RCMP in Ontario
SOURCE Royal Canadian Mounted Police
For further information: For media inquiries contact: Sgt. Penny HERMANN, RCMP Media Relations, RCMP "O" Division, 905-876-9571, http://www.rcmp-grc.gc.ca/on/index-eng.htm