THE Integrated Bankruptcy Enforcement Unit comprised of the RCMP–GTA Financial Crime Section and the Ontario Region Special Investigation Unit (SIU) of the Office of the Superintendent of Bankruptcy (OSB), charged Shaheena Ahmed, 58, of Toronto with offences under the Bankruptcy and Insolvency Act (BIA) and Criminal Code (CC).
The allegations relate to fraud and the abuse of the bankruptcy process, which is intended for the honest but unfortunate debtor:
* Obtain credit or property by false representation (BIA) (eight counts);
* Fraudulently conceal or remove any property or any debt (BIA) (14 counts);
* False statement in writing (CC) (three counts);
* Fraud over $5,000 (CC)
This investigation began in February 2014 after the Integrated Bankruptcy Enforcement Unit received information of possible wrong doing by Ahmed. It is alleged that she obtained certain credit by false representation and dishonestly disposed of acquired property. She had approximate assets of $3,500 and liabilities of $149,000.
The RCMP and the OSB Special Investigation Units say they will continue to combine their efforts to investigate allegations of criminal wrongdoing related to bankruptcy and insolvency matters in order to protect the integrity of the insolvency system in Canada.
Should members of the public have any information related to bankruptcy fraud schemes they are urged to contact the Ontario RCMP at 1-800-387-0020 or anonymously through CrimeStoppers at 1-800-222-8477.
