Company asks court to freeze Dawson man’s assets

A BC insurance corporation has asked the Yukon Supreme Court to freeze the assets of a Dawson City man who is facing fraud allegations.

A BC insurance corporation has asked the Yukon Supreme Court to freeze the assets of a Dawson City man who is facing fraud allegations.

The Insurance Corporation of British Columbia applied to have Michele (Mike) Palma’s assets frozen after he transferred the title of seven Dawson City and BC properties into the hands of Torontonian, Giuseppe Villacci.

He transferred the properties one week after the insurance company filed civil charges in BC Supreme Court alleging Palma and 21 others were involved in a car-theft ring between June 1, 2001 and November 13, 2004.

Palma transferred “real property in BC and the Yukon for the purpose of avoiding payment of any judgment in favour of the plaintiff in said claim,” according to a writ of summons the insurance company filed in Yukon court on December 20, 2006.

The ICBC is now asking the court to invalidate the transfers.

The civil lawsuit, originally filed on August 3, 2006 in BC court, alleges the 22 defendants were involved in fraudulent insurance claims and car thefts.

It alleges several of the defendants rebuilt or disguised their vehicles, and then reported them stolen to collect the insurance payout.

ICBC exposed the alleged fraud while investigating a car crash it suspected was staged in October 2002.

Now the insurance company is seeking to recover $553,495 for claims costs.

“We have a zero tolerance for fraud and we obviously want to recover any money we may have paid out for fraudulent claims,” said ICBC spokesperson Kate Best.

The insurance company may press additional criminal charges against the 22 defendants depending on the decision of the BC attorney general’s office, said Best.

A trial date for the civil suit has been set in BC Supreme Court for the spring of 2008.

Just Posted

A new leash on life: Injured Whitehorse pup settles into new home

‘I think now he’s less of a perfect dog but he’s more himself’

Yukon well represented in Olympic ski relays

‘It’s always rewarding when you’re racing for a team’

Yukon government launches new website and logo

Opposition slams $500K project cost as a waste

Former Whitehorse gas station employee sues over alleged sexual harassment, assault

Susan Lynn Keleher alleges there was a ‘campaign’ of sexual harassment and assault against her

Tagish dog rescue owner says she’s euthanized 10 dogs

Shelley Cuthbert said she put down 10 dogs after surrendering them to the animal health unit Feb. 15

No Resource Gateway construction work this season, YG says

‘We’re not as advanced as we would have liked to have been but we still are advancing’

Former Whitehorse RCMP officer gets conditional discharge for sexual assault

Judge Richard Scheider sided with the defence’s argument that conditional discharge was appropriate

Tagish dog rescue owner asks court to change dog surrender order

Shelley Cuthbert is asking for changes to an order requiring her to surrender 10 dogs per month

Team Yukon has strong showing at Whistler Super Youth and Timber Tour

‘Anwyn absolutely destroyed the competition’

Yukon skier turns in personal best at Junior World Championships

‘It was another great international racing experience’

Most Canadians believe journalism plays critical role in democracy: poll

Survey suggests 94 per cent of Canadians feel journalism plays ‘important’ part

Yukon child care deal to fund grandparents, courses for caregivers

‘How this is completely going to look, we’re still working on’

Full house for annual Native Bonspiel in Haines Junction

The 36th annual Yukon Native Bonspiel from Feb. 2 to 4 saw… Continue reading

Most Read