TICO To Appeal MKI Decision & Greenwood Acquittal

Open Jaw

TICO has announced that it will appeal the decision issued 22SEP in the matter of Ron Greenwood and MKI Travel and Conference Management Inc. (MKI).

MKI Travel and Conference Management Inc. operated in Ottawa and elsewhere in Ontario.  The Ontario Travel Industry Compensation Fund paid out claims in excess of $2 million related to the closure of MKI in May 2013. 

The following counts are being appealed:

  • Finding Ron Greenwood not guilty of failing to prevent MKI from committing an offence of failing to deposit trust funds into the trust account (2 counts);
  • Finding MKI and Ron Greenwood not guilty of an offence of failing to hold trust funds in the trust account (1 count each);
  • Finding Ron Greenwood not guilty of failing to prevent MKI from committing an offence of failing to obtain the Registrar’s consent in advance of opening a 2nd trust account;

The matter will be heard at the Ontario Court of Justice in Ottawa at a date yet to be determined.





(will not be published)