Posts Tagged ‘supreme court’
ICBC meets its match yet again - Scammers get scammed
Thursday, February 19, 2009 1:11 1 CommentICBC asked courts to freeze Dawson City Businessman’s assets
The Insurance Corporation of British Columbia has asked a Yukon court to freeze the assets of a Dawson City businessman who it allegedly involved in an auto insurance scam.
Mike Palma was one of 22 people named in a lawsuit filed by ICBC in August, claiming it was defrauded of $553,000.
ICBC said Palma owns a body shop in Surrey, B.C., that is central to the alleged scam.
Land title documents show that within days of the lawsuit’s filing, Palma rearranged his financial holdings.
Nine of his Dawson City properties, plus some of his B.C. real estate, were turned over to a Toronto businessman, Giuseppe Villacci.
ICBC investigators claim the transfers were made to keep the insurance company away from Palma’s money.
It is asking the Yukon Supreme Court to nullify the transfers and freeze all of Palma’s property.
No date has been set for the Yukon court to deal with the case. The trial for the B.C. lawsuit is expected to be held in the spring of 2008.
Palma could not be reached for comment.
Source: CBC
Article Publication Date: Jan 3, 2007
