Toronto – Further to the conviction of Ronald Greenwood in relation to the failure of MKI Travel and Conference Management Inc. (MKI) which resulted in the largest single claim against Ontario’s Travel Compensation Fund, Mr. Greenwood was sentenced on September 7, 2017 to:

  1. 18 months of jail for each of the three (3) convictions entered on March 10, 2017. These jail sentences are to be served concurrently;
  1. 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 court’s finding that Ronald Greenwood is guilty of:

  1. Two (2) 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 (the Regulation));
  1. One (1) 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 (section 27(4) of the Regulation);

MKI was a registered travel agent and wholesaler under the Act whose registration was voluntarily terminated effective May 13, 2013. MKI operated in Ottawa.  Ronald Greenwood was a director and the guiding mind of MKI. The Ontario Travel Industry Compensation Fund paid a claim in excess of $2 million related to the closure of MKI. 

Formed in 1997, TICO is a not-for-profit corporation wholly financed by Ontario-registered travel agents and wholesalers.  It administers the Travel Industry Act, 2002 and the Ontario Travel Industry Compensation Fund.  TICO may be contacted at (905) 624-6241 or 1-888-451-TICO.  Visit TICO’s website at or email TICO at This email address is being protected from spambots. You need JavaScript enabled to view it..



For More Information, Media Please Contact:

Mr. Richard Smart, President & C.E.O. or Dorian Werda, Vice President, Operations
Tel: (905) 624-6241 / Toll Free: 1-888-451-TICO