Toronto woman Shaheena Ahmed charged with fraud

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(Toronto, Ontario – February 11, 2015) – The Integrated Bankruptcy Enforcement Unit comprised of the Royal Canadian Mounted Police (RCMP) – GTA Financial Crime Section and the Ontario Region Special Investigation Unit (SIU) of the Office of the Superintendent of Bankruptcy (OSB), charged Shaheena AHMED, a 58 year old female from Toronto with offences under the Bankruptcy and Insolvency Act (BIA) and Criminal Code (CC).  The allegations relate to fraud and the abuse of the bankruptcy process, which is intended for the honest but unfortunate debtor.

 ·        Section 198(1)(e) Bankruptcy and Insolvency Act (BIA), Obtain credit or property by false representation (8 counts);

·        Section 198(1)(g) Bankruptcy and Insolvency Act (BIA), Fraudulently conceal or remove any property or any debt (14 counts);

·        Section 362(1)(c) Criminal Code (CC), False statement in writing (3 counts);

·        Section 380(1)(a) Criminal Code (CC) – Fraud over $5,000

The matter is scheduled for first appearance at the Ontario Court of Justice – Old City Hall in Toronto on February 13, 2015.

This investigation began in February 2014 after the Integrated Bankruptcy Enforcement Unit received information of possible wrong doing by Mrs. AHMED.  It is alleged that Mrs. AHMED obtained certain credit by false representation and dishonestly disposed of acquired property. Mrs. AHMED had approximate assets of $3500 and liabilities of $149,000