TORONTO, July 21, 2016 /CNW/ - The Integrated Bankruptcy Enforcement Unit comprised of the Royal Canadian Mounted Police (RCMP) and the Office of the Superintendent of Bankruptcy (OSB), has charged a Beeton resident with offences under the Bankruptcy and Insolvency Act (BIA).
Berardino CAMARDELLA, aged 49, will appear at the Ontario Court of Justice in Toronto Old City Hall on July 22nd, 2016.
This investigation began in response to concerns raised by several creditors as well as the licensed insolvency trustee. The allegations date back to Mr. CAMARDELLA's first bankruptcy in January 2000 wherein he reportedly 'abandoned' the process without satisfying the conditions for discharge from his debts. Consequently, his creditors' rights were revived and Mr. CAMARDELLA has remained an undischarged bankrupt since 2000.
More recently, in March 2015, Mr. CAMARDELLA filed a consumer proposal which was annulled after three months for failure to make any of the payments to creditors.
Mr. CAMARDELLA has been charged with the following BIA offences:
- Failure in Duties of a Bankrupt
- Undisclosed Bankrupt engaging in business or obtaining credit
Bankruptcy is a legal process that can provide relief to honest but unfortunate individuals who are unable to pay their debts. 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. Offenders are identified by the OSB detection programs or through complaints from creditors, trustees or the general public.
Since January 2014, the Integrated Bankruptcy Enforcement Unit has charged 31 individuals and four corporations with 152 offences under the Bankruptcy and Insolvency Act and 117 offences under the Criminal Code encompassing liabilities of approximately $107 million.
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
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