The Globe and Mail
🏢 Globe and Mail Inc. (Woodbridge)
📍 ON
May 19, 2026
· 2 min read
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Planswell defaulted on debt as CEO ‘absconded’ to Colombia, court documents show
Original article ↗ 🔒 Paywalled source — limited preview availableB.I.A.S. ANALYSIS
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Signal breakdown
Heuristic (v1/v3)
0.00 · RIGHT
ML v2 (DistilBERT)
0.000 · CENTER
Ensemble
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Rolling outlet bias
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Article Excerpt
Planswell Technologies Inc., an Ottawa-based software company that provided services for financial institutions, has defaulted on a $500,000 debt owed to BMO Harris Bank N.A., court documents show.
The company’s CEO, Mark Furey, was charged with fraud and failed to appear in court last year. He is believed to be living outside of Canada, according to court filings.
In June 2023, a judge ordered Planswell to pay the bank by Dec. 15 but the deadline has passed without any payment or response from the company, court documents show. The judge also ordered Furey to appear in court on July 18, 202…
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