MKI director sentenced to jail

The Travel Industry Council of Ontario (TICO) has announced that Ronald Greenwood, director and guiding mind behind Ottawa-based agency MKI, has been sentenced to 18 months in jail and pay restitution in the amount of $2,036,933 to TICO.

Greenwood was convicted in relation to the failure of MKI Travel and Conference Management Inc., which resulted in the largest single claim against Ontario’s Travel Compensation Fund.

The sentence was imposed after the court found Greenwood guilty of two counts of failing to prevent 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).

He was also found guilty on 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.

MKI, a former registered travel agent and wholesaler under the Act, had its registration 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.