Swiping Spree: Someone Has Been Using A Ryerson University Credit Card To Buy Over $250,000 Worth Of Booze, Clothes And AirBnB

Jan 27, 2019

Source: The Eyeopener obtained photos of financial statements which show purchases—some upwards of $2,000—with a credit card under the Ryerson Students’ Union (RSU) president’s name.

“We’re disappointed that they were released without any context or explanation,” said RSU president Ram Ganesh in a statement to The Eye. 

The purchases that were made allegedly amount to $250,000, according to student groups director Maklane deWever. DeWever said at a Board of Directors (BoD) meeting on Jan. 24 that he saw the credit card statements along with Faculty of Arts director James Fotak, who confirmed he also saw the statements. 

Purchases included $2,280.89 to the club EFS Toronto, $2,507.18 at a Cineplex Rec Room in Toronto and $1,375.21 at Nick’s Sport Shop. There were also purchases of $190.97 and $117.52 to Long & McQuade in Toronto, $347.34 to Haze Lounge Inc. in Mississauga, $696.90 on an Airbnb and $613.60 to Bar Everleigh Toronto, among others. At the board meeting, Ganesh said the card could be used by any part-time or full-time RSU staff member.

The statement also showed a purchase to Credit Risk Management Canada in Stratford, Ont. for $3,053.88 in October. According to their website, the company provides debt recovery solution and credit investigations, along with other services like financial care contact management.

In a statement to The Eyeopener, Ryerson University said protecting the interests of Ryerson students is of primary concern to the university. 

“Given the seriousness of these allegations, President Lachemi has written to the RSU Executive to request a meeting to discuss this matter,” read the statement.

Because the RSU is a separate entity from the university, they cannot conduct a formal investigation into the matter. 

Well, we don’t think it was this Colonel Sanders look alike but we have a good feeling whoever is doing this is enjoying themselves. When there is a paper trail like a credit card statement of locations of purchases, it won’t be long before their track down the camera footage and put two and two together.

Until then, whoever you are, enjoy the ride and once it’s all said and done, enjoy unemployment.

Contributing Writers

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