Milowe Brost, recently convicted of theft and fraud ordered to pay $390,878 in evaded taxes.
Another example of how a Ponzi scheme can result in a long-prison sentence and huge fine.
Unfortunately, the “victims” here are the people who took part in this scheme because they still owe taxes plus gross negligence penalties (50%) plus the CRA and the Courts have long considered people who partake in these scams and schemes to have done so knowingly and with full understanding they they are illegal.
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Author: Warren Orlans
Welcome to inTAXicating.
My name is Warren Orlans and this is my blog. With over 17-years experience in the taxation industry, 11 of them working for the Canada Revenue Agency (CRA), and the rest working in the private sector at large financial institutions responsible for resolving tax issues for corporations and individuals and the Canadian lead for a large US bank on FATCA implementation.
My tax career began pretty much out of university at the CRA, in Collections, where I moved up, across, over and up again through their division with stops in Enforcement, Taxpayer Relief (then Fairness), Audit, Directors Liability, Training, Mentoring, GST, GST/HST, Payroll, Corporate Tax, Personal tax, and probably much more.
If you have a collections, compliance or audit issue with the CRA, inTAXicating is the place you need to contact.
inTAXicating works in strategic partnership with amazing tax lawyers, insolvency practitioners, mortgage brokers, debt counselling experts and much more.
When dealing with governments, knowledge is power. We possess strong understanding of government so we know what the next step is before the government does.
When you have a collections problem with the CRA, do you hire a graphic artist? No, you get a former collector who trained the staff, and who worked as a resource officer for 5 years. Then you know you are on the right track to resolving your tax problem(s).
Others offer suggestions. We offer solutions!
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