Mar 10`17 - TICO Successful on Appeal - Ron Greenwood Convicted
Toronto– Following TICO’s appeal of the decision of Her Worship Justice of the Peace Lauzon dated September 22, 2015, the Ontario Court of Justice granted TICO’s appeal, in part, as follows:
Convicted Ron Greenwood of two (2) Counts of failing to prevent MKI Travel and Conference Management Inc. (MKI) from committing an offence of failing to deposit trust funds into the trust account (section 27(3) of Ontario Regulation 26/05 made under the Travel Industry Act, 2002 (the Regulation));
Convicted Ron Greenwood of one (1) Count of failing to prevent MKI from committing an offence of failing to obtain the Registrar’s consent in advance of opening a second trust account (section 27(4) of the Regulation);
- Upheld acquittal of Ron Greenwood and MKI of one (1) Count of failing to keep customer funds in the trust account (section 27(6) of the Regulation).
MKI was a registered travel agent and wholesaler under the Act whose registration was voluntarily terminated effective May 13, 2013. MKI operated in Ottawa and elsewhere in Ontario. Ron Greenwood was a director and the guiding mind of MKI. The Ontario Travel Industry Compensation Fund has paid claims in excess of $2 million related to the closure of MKI.
The sentence in this matter is scheduled to be heard at the Ontario Court of Justice, located at 161 Elgin Street, Ottawa, on March 31, 2017 at 1:00 pm.
For More Information, Media Please Contact:
Mr. Richard Smart, President & C.E.O. or Dorian Werda, Vice President, Operations
Tel: (905) 624-6241 / Toll Free: 1-888-451-TICO