Ronald Greenwood Sentenced To 18 Months + $2M In Restitution

Bruce Parkinson, Open Jaw

Ron Greenwood

One-time ACTA President and Algonguin Travel Founder Ronald Greenwood has been sentenced to 18 months of jail and ordered to pay restitution of $2,036,933 to the Ontario’s Travel Compensation Fund in relation to the failure of MKI Travel and Conference Management Inc.

The failure resulted in a more than $2M claim against the Fund, the largest single claim in the history of the Fund that is administered by the Travel Industry Council of Ontario.

 Greenwood was found guilty of:

  • Two counts of failing to prevent MKI from committing an offence of failing to deposit trust funds into the trust account;  
  • One 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. 

Based in Ottawa, MKI was a registered travel agent and wholesaler whose registration was voluntarily terminated effective 13MAY, 2013. TICO describes Greenwood as “a director and the guiding mind of MKI.” 

Bruce Parkinson

Bruce Parkinson Editor-in-Chief

An observer and analyst of the Canadian and international travel industries for over 25 years.




Comments

Trudy Hallen - September 11, 2017 @ 14:09
I'm wondering when this sentence was finally passed, as it had originally been scheduled for sometime last March, I believe?

Mona Schuller - September 11, 2017 @ 13:09
AT Last!!

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