Vaughan resident charged with bankruptcy fraud

NEWMARKET, ON, July 18, 2018 /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 Vaughan resident with offences related to her 2017 bankruptcy.

Veera ORAHA, age 41, will appear at Ontario Court of Justice in Newmarket on July 20, 2018 to face seven (7) counts of Fraud and three (3) counts of Obtaining Credit by False Pretence contrary to the Criminal Code of Canada.

The bankruptcy system is intended to afford a fresh start for the honest but unfortunate debtor.  However, there are instances where individuals abuse the system by failing to comply with their regulatory duties under the Bankruptcy & Insolvency Act and/or engage in fraudulent activities contrary to the Criminal Code of Canada.  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 55 individuals with 186 offences under the Bankruptcy and Insolvency Act and 147 offences under the Criminal Code encompassing liabilities of approximately $111 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.

Website: RCMP in Ontario
Twitter: @RCMPONT
Facebook: RCMP.Ontario
YouTube: RCMPGRCPOLICE  

SOURCE Royal Canadian Mounted Police