Fraud Overcomes All

Fraudsters are the thinking person's criminal.  They not only plan the fraud, but they plan their exit strategy if they get caught.   First, they spend as much of their ill-gotten gains as they can so that if the victim hires a forensic accountant to trace where their money went, they discover it has been dissipated, usually in a dissolute lifestyle. Then they place their legitimate earnings in Insurance based RRSP that is exemption from seizure.  Finally, they go bankrupt so the victim loses all hope of recovery.  Thanks to an amendment to bankruptcy legislation, RRSPs remain the property.  They get to live off their RRSPs in their retirement while their victims go begging. That seems wrong, but that is the law--- or so most people believe.