Charges laid in a number of bankruptcy fraud investigations

TORONTO, April 29, 2015 /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 several individuals with offences under the Bankruptcy and Insolvency Act (BIA) and Criminal Code (CC).  The allegations all relate to fraud and the abuse of the bankruptcy process.

Victor FRADKIN, age 58, of Woodbridge, Ontario is charged with:

• Sell or dispose assets and fail to comply with Act or Rules of the Bankruptcy and Insolvency Act (BIA),
• Dispose of property to defraud creditors of the Criminal Code (CC),

It is alleged that Mr. FRADKIN failed to disclose over $70,000 in assets at the time of his filing and that he later sold the majority of these undeclared assets.

The matter is scheduled for first appearance at the Ontario Court of Justice – Old City Hall in Toronto on May 29, 2015.

Fatima BADRY, age 32, of Mississauga, Ontario is charged with:

• Refuse or neglect to answer fully and truthfully proper questions at an examination of the Bankruptcy and Insolvency Act (BIA),
• Utter forged document (2 counts) of the Criminal Code (CC),
• Obtain credit by false pretence (8 counts) of the Criminal Code (CC),
• Fraud over $5,000 of the Criminal Code (CC).

It is alleged that Ms. BADRY obtained credit by using fraudulent employment documents and provided false employment information on her credit applications with the intention of defrauding her creditors.

The matter is scheduled for first appearance at the Ontario Court of Justice – Old City Hall in Toronto on May 1, 2015.

Anna CIWINSKA, age 24, of Mississauga, Ontario is charged with:

• Fail to comply with the duties of a bankrupt of the Bankruptcy and Insolvency Act (BIA),
• Obtain credit by false pretence of the Bankruptcy and Insolvency Act (BIA),
• Obtain credit by false pretence or fraud (2 counts) of the Criminal Code (CC),  
• Make false statement in writing with respect to financial condition (2 counts) of the Criminal Code (CC),
• Fraud over $5,000 of the Criminal Code (CC).

It is alleged that Ms. CIWINSKA obtained credit by knowingly providing false employment and income information on her credit card applications and knowingly depositing fraudulent cheques with the intention of defrauding her creditors for an amount totalling over $5000.

The matter is scheduled for first appearance at the Ontario Court of Justice – Old City Hall in Toronto on June 5th, 2015

Engin ONAT, age 52, of Richmond Hill, Ontario was charged with:

• Fraudulent disposition of property of the Bankruptcy and Insolvency Act (BIA),
• Neglect to answer fully and truthfully proper questions at an examination (8 counts) of the Bankruptcy and Insolvency Act (BIA),
• Make a material omission in a statement or accounting (3 counts) of the Bankruptcy and Insolvency Act (BIA),
• Conceal a book or document of the Bankruptcy and Insolvency Act (BIA),
• Fraudulently conceal property of the Bankruptcy and Insolvency Act (BIA),
• Failure to comply with the duties of a bankrupt (2 counts) of the Bankruptcy and Insolvency Act (BIA),
• Conceal property to defraud creditors (4 counts) of the Criminal Code (CC).

It is alleged that, with the intent to defraud his creditors, Mr. ONAT had concealed his ownership of properties located in Turkey as well as the ownership of a real estate franchise. 

The matter is scheduled for first appearance at the Ontario Court of Justice – Old City Hall in Toronto on June 5^th, 2015.

Since its inception in September 2011, the Integrated Bankruptcy Enforcement Unit has charged 34 individuals and four corporations with 167 offences under the Bankruptcy and Insolvency Act and 105 offences under the Criminal Code encompassing liabilities of approximately $104 million dollars.

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 by the OSB and through its 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 OSB at 1-877-376-9902, the Ontario RCMP at 1-800-387-0020 or anonymously through Crime Stoppers at 1-800-222-8477.

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SOURCE Royal Canadian Mounted Police

For further information: For media inquiries contact: Sgt. Penny Hermann, RCMP Media Relations, "O" Division (Ontario), 905-876-9571