MKI appeal denied by court

An appeal by Ronald Greenwood of MKI Travel and Conference Management Inc. has been denied in the Ontario Court of Appeal, which has upheld Greenwood’s previous conviction and sentencing in relation to the failure of the business.

On Dec. 20, 2017, the Court denied this request and upheld the convictions entered March 10, 2017 and the sentence imposed on Sept. 7, 2017:

• Eighteen months jail for each of the three convictions. These jail sentences are to be served concurrently;
• Pay restitution in the amount of $2,036,933 to the Travel Industry Council of Ontario Compensation Fund.

The sentence was imposed in relation to the Ontario Court of Justice earlier finding that Greenwood was 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.

Operating in Ottawa, MKI (of which Greenwood was a director) was a registered travel agent and wholesaler under the Act whose registration was voluntarily terminated effective May 13, 2013.

The Ontario Travel Industry Compensation Fund paid a claim in excess of $2 million related to the closure of MKI.