The fraud police have charged a Kelowna man with breaching four conditions of his bankruptcy.
The RCMP's Federal Serious and Organized Crime Section has charged Victor Camille Lebouthillier with offences under the Bankruptcy and Insolvency Act. The Mounties claim he engaged in a trade or business without disclosing he was bankrupt.
Police also allege the 54-year-old failed to inform the trustee he'd made extra money.
"The trustee works for the creditors. If there's extra income brought in by the bankrupt, the money needs to go to the creditors," said Luc Quenneville, who manages the special-investigation unit with the Office of the Superintendent of Bankruptcy for Western Canada.
The RCMP says Lebouthillier failed to tell the trustee he'd become a director and controller of a company's assets. A bankrupt person must inform the trustee because if the company goes under, the new creditors can't go after him, said Quenneville.
The last allegation is that Lebouthillier failed to disclose an item he owns. If a bankrupt person gives his car to a relative to hang on to and authorities can prove it's an asset held by the relative until the bankruptcy is discharged, it's a fraudulent disposition of an asset, said Quenneville.
Lebouthillier makes his first court appearance in Kelowna on March 4.
"The need for disclosure is to protect potential business partners from financial risk and to help maintain Canada's economic financial integrity," RCMP Cpl. Frank Lenarcic said in a statement.