A B.C. Supreme Court judge has reassured the B.C. Securities Commission that a bankrupt man cannot discharge the $6.8 million he has been ordered to repay investors.
On the heels of a Supreme Court of Canada ruling last year that set the bar for what monetary fines and penalties can and cannot be discharged, the commission sought clarity through an application to the province’s top court that the $6.8 million owed by Thomas Arthur Williams cannot be discharged.
A 2016 BCSC hearing panel found that between 2007 and 2010, Williams and his associates solicited 123 investors to invest approximately $11.7 million in a group of companies called Global Group of Companies,
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