As we posted on May 6, 2013 Whistle blower Exposes Massive Offshore Corruption! discussing the release this of an investigation by the International Consortium of Investigative Journalists into off-shore holdings of people and companies in more than 170 countries and territories hiding trillions of dollars in income and assets.
Now we come to discover that the names of 550 Canadians have been found in these 2.5 million recently leaked records from offshore financial centers. The files include personal and financial details relating to those linked to companies and trusts in the South Pacific and Caribbean.
One of the most infamous names is Toronto-based Peter Sabourin, whose name appeared 1,449 times in the files. Found liable for fraud at several Ontario Superior Court trials in 2007, Sabourin now owes more than CAD32 million to his investment victims and is still being investigated by Ontario Provincial Police.
There is going to be some civil and criminal exposure for some of those Canadians named in this list “EY.”
1 comment on “Whistle Blower Leaks Offshore Financial Records of 550 Canadians!”
550 people out of 33 MILLION? Most Canadians are paying their taxes looks like to me. I even mentioned this number to my banker. We both laughed. We don’t need FATCA here. Canadians aren’t tax cheats clearly as these numbers show. Further, isn’t it interesting that these few were caught without FATCA and with NO costly IGA in place with the U.S.?
We’re all glad these folks were caught but, also glad that this clearly shows Canadians all 33 million of us don’t mind paying our taxes to support services where we live.
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