Toronto residents charged with Bankruptcy Offences

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The Integrated Bankruptcy Enforcement Unit, comprised of the Royal Canadian Mounted Police (RCMP) and the Office of the Superintendent of Bankruptcy (OSB), have charged two Toronto, Ontario residents with offences under the Bankruptcy and Insolvency Act.

Yurdagul GUREL (F), age 46, and Halide ARDIC(F), age 47, of Toronto, Ontario will appear at Old City Hall Courthouse, Toronto, Ontario on January 8, 2018, where they will face charges with respect to the bankruptcy process.

Ms. Gurel is charged with:

  • Refusing or neglecting to answer fully and truthfully contrary to the Bankruptcy and Insolvency Act
  • Making a false entry or knowingly making a material omission in a statement or accounting contrary to the Bankruptcy and Insolvency Act
  • Fraudulently concealing or removing property contrary to the Bankruptcy and Insolvency Act
  • Disposing of property obtained on credit contrary to the Bankruptcy and Insolvency Act

Ms. Ardic is charged with:

  • Refusing or neglecting to answer fully and truthfully contrary to the Bankruptcy and Insolvency Act
  • Making a false entry or knowingly 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 42 individuals and four corporations with 181 offences under the Bankruptcy and Insolvency Act and 130 offences under the Criminal Code encompassing liabilities of approximately $109 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.