TORONTO — Former ACTA President and Algonquin Travel founder Ron Greenwood was denied his request for an appeal in the Ontario Court of Appeal, following his conviction and sentencing in relation to the failure of MKI Travel and Conference Management Inc. (MKI).

On Dec. 20 the Court denied Greenwood’s request and upheld the convictions entered March 10 and the sentence imposed on Sept. 7, to 18 months jail for each of the three convictions, and pay restitution in the amount of $2,036,933 to the TICO Compensation Fund. The jail sentences are to be served concurrently.

The sentence was imposed in relation to the Ontario Court of Justice earlier finding that Greenwood was 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); and 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 (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. Greenwood was a director of MKI. The Comp Fund paid a claim in excess of $2 million related to the closure of MKI, the largest single claim ever against the Fund.