Toronto, Ontario – 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 Toronto resident with offences under the Bankruptcy and Insolvency Act.
Mehmet ERDEMIR, age 35, of Toronto, will appear at Old City Hall, Ontario Court of Justice, in Toronto on July 7, 2017, where he will face charges with respect to the bankruptcy process.
Mr. ERDEMIR is charged with:
- Refusing or neglecting to answer fully and truthfully questions at an examination contrary to the Bankruptcy and Insolvency Act
- Making a material omission in a statement or accounting 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 38 individuals and four corporations with 169 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.