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.
inTAXicating has been published since 2008 to provide clarity around Canadian taxation issues, primarily related to the Canada Revenue Agency.
As the primary author, Warren Orlans, has over 20-year's experience in the taxation industry, 11 of them working for the Canada Revenue Agency (CRA), and 7-years working in the private sector Managing the tax departments for large financial institutions.
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