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Tuesday, January 25, 2011

SISO forced into bankruptcy.

With more than million dollars owed to creditors, SISO has been deemed bankrupt and its financial affairs handed to a trustee. With an ongoing investigation by the RCMP and Hamilton Police, SISO has been on the hot seat for months now. Having their $12-million funding cut after an audit found “financial irregularities”, SISO has laid off its entire staff of 150 and closed its programs, including the New Dawn Reception Centre on the central Mountain. SISO board chair Hussein Hamdani said SISO fully intends to pay the respective creditors.

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