Jun 20`11 - Nizar Laasi and 7N Canada Inc. o/a Jubilee Travels and Tours - Conviction
Toronto – Nizar Laasi and 7N Canada Inc. o/a Jubilee Travels and Tours have been convicted on one count each of failing to maintain trust accounts contrary to section 27 of Regulation 26/05 made under the Ontario Travel Industry Act, 2002.
Nizar Laasi was the president of 7N Canada Inc. o/a Jubilee Travels and Tours which closed on July 26, 2010. The Ontario Travel Industry Compensation Fund paid claims to consumers of $1,120. These claims were subsequently repaid to the Compensation Fund by Mr. Laasi.
Mr. Laasi was fined $1,500 and is subject to a two year period of probation. During the period of probation, Mr. Laasi must inform the Registrar, Travel Industry Act, 2002, at least five days prior to signing a contract as an employee or outside sales representative, with any prospective employer in the travel industry. Mr. Laasi, must also inform his employer of his conviction under the Travel Industry Act, 2002.
7N Canada Inc. o/a Jubilee Travels and Tours received a suspended sentence.
Formed in 1997, TICO is a not-for-profit corporation wholly financed by Ontario-registered travel agents and wholesalers. It administers the Travel Industry Act, 2002 and the Ontario Travel Industry Compensation Fund. TICO may be contacted at (905) 624-6241 or 1-888-451-TICO. Visit TICO’s website at www.tico.ca or email TICO at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .
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Reference: Michael Pepper, C.E.O. TICO (905) 624-6241
