KINGSTON, ON, May 31, 2017 /CNW/ - The Integrated Bankruptcy Enforcement Unit, comprised of the Royal Canadian Mounted Police (RCMP) and the Office of the Superintendent of Bankruptcy (OSB), have charged a Sharbot Lake resident with offences under the Bankruptcy and Insolvency Act.
John William EHRHARDT, age 74, will appear at the Ontario Court of Justice, in Kingston on June 1, 2017, where he will face charges with respect to the bankruptcy process.
It is alleged that Mr. EHRHARDT omitted to identify all his assets and failed in certain duties as a bankrupt. Mr. EHRHARDT is charged with:
- Making a material omission in a statement or accounting contrary to the Bankruptcy and Insolvency Act
- Failing to comply with the duties of a bankrupt contrary to the Bankruptcy and Insolvency Act
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 bankruptcy process and/or engaging in fraudulent criminal activities. Offences are identified through detection programs or through complaints from creditors, the licensed insolvency trustee or the public.
Since January 2014, the Integrated Bankruptcy Enforcement Unit has charged 37 individuals and four corporations with 167 offences under the Bankruptcy and Insolvency Act and 123 offences under the Criminal Code encompassing liabilities of approximately $108 million.
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, the Office of the Superintendent of Bankruptcy at 1-877-376-9902 or anonymously through Crime Stoppers at 1-800-222-8477.
SOURCE Royal Canadian Mounted Police
For further information: For media inquiries contact: Cpl. Louise SAVARD, RCMP Media Relations, RCMP "O" Division, 905-876-9709