What happens to people like this?

nationalpost.com

CRA seizes $500,000 from Ontario man over COVID rent subsidy payments for properties they don't believe he actually leased

'What scares me about this is… why would CRA pay $500,000 to a corporation that has never filed a tax return?'
nationalpost.com nationalpost.com

Imagine the smile on this guys face when he was seeing the money magically appear in the bank accounts he created just a couple days before. If the bank didn't question it he probably could've had a shiny new Ferrari in the garage by now. How many other banks did he do this with? How much did he send out of the country never to be seen again. Every day I am more and more disappointed of the incompetency of our government agencies and the greed of people that take advantage of it.
 
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Mikedezo44 said:
nationalpost.com

CRA seizes $500,000 from Ontario man over COVID rent subsidy payments for properties they don't believe he actually leased

'What scares me about this is… why would CRA pay $500,000 to a corporation that has never filed a tax return?'
nationalpost.com nationalpost.com

Imagine the smile on this guys face when he was seeing the money magically appear in the bank accounts he created just a couple days before. If the bank didn't question it he probably could've had a shiny new Ferrari in the garage by now. How many other banks did he do this with? How much did he send out of the country never to be seen again. Every day I am more and more disappointed of the incompetency of our government agencies and the greed of people that take advantage of it.
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So he filed the (alleged) fraudulent paperwork, the CRA paid him, and it's 'their fault because they accepted my application'? WTF.

You know that this news will just get everyone else to hide the money / send it offshore the second they can so that CRA can't claim it back. This guy's not the only one...he's just the one that got caught, and the rats will all scramble to hide the money so the CRA can't lock it down.

I hope there's more of these, and I hope there's a crackdown on all recipients to PROVE that they received it appropriately. If not...garnish wages, increase their taxes, or do whatever the hell is required to take the money back.
 
mimico_polak said:
So he filed the (alleged) fraudulent paperwork, the CRA paid him, and it's 'their fault because they accepted my application'? WTF.

You know that this news will just get everyone else to hide the money / send it offshore the second they can so that CRA can't claim it back. This guy's not the only one...he's just the one that got caught, and the rats will all scramble to hide the money so the CRA can't lock it down.

I hope there's more of these, and I hope there's a crackdown on all recipients to PROVE that they received it appropriately. If not...garnish wages, increase their taxes, or do whatever the hell is required to take the money back.
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Forget getting it back. If it is clear they acted in bad faith, increasing the recovered amount by an order of magnitude seems reasonable. If that forces them to be homeless and bankrupt, that's fine with me.
 
mimico_polak said:
Here’s another one. Although I’m shocked people gave this guy so much money of their own free will…

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Sounds legit. She invested 60k for her grandkids education.

"The terms of Moore's investment included a 70-30 split on any capital gains (with 70 per cent for her and 30 per cent for Pleterski), a commitment the initial investment would be paid back in full if it was lost, and target capital gains of 10 to 20 per cent biweekly, according to her investment contract"

10 to 20 percent biweekly and no possibility to lose the initial investment? Sign me up.

I dont know where the grandkids plan to go to school or how old they are but at a minimum of 7% biweekly, within a year she would have been up to 350k, two years 2M, three years 12M. Who needs school? Grandmas investment provides unlimited money for everybody.
 
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mimico_polak said:
Here’s another one. Although I’m shocked people gave this guy so much money of their own free will…

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If the con artist can get an honest person to believe them the friends of the honest person are more easily conned.

The honest person invests $60,000 and starts seeing $3,000 a week interest when a bank would give them $50 gets the heart pumping. The $3000 is the investor just getting their own money back. More likely they roll it back in. Classic Ponzi.
 
White collar crime is largely unpunished here in Canada , the defence ‘so it’s all gone’ seems to work just fine


Sent from my iPhone using GTAMotorcycle.com
 
crankcall said:
White collar crime is largely unpunished here in Canada , the defence ‘so it’s all gone’ seems to work just fine


Sent from my iPhone using GTAMotorcycle.com
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Yup. The con didn't steal the person's house. It is ignored that the person could no longer keep the house due to debts. Kiss goodbye to the kids post secondary education as well. Suicide, family discord, spousal abuse....meh.
 
Wasn’t sure where to put this so will just put it here with the other criminals. Worth a listen. Shocking, No accountability, no repercussions. Paying a friend 2 grand an hour for zoom meetings. Wonder what her friend’s qualifications are.
I wish these stories would actually gain some traction and not a quick 2 mins in the paper to be glossed over.

 
Mikedezo44 said:
Wasn’t sure where to put this so will just put it here with the other criminals. Worth a listen. Shocking, No accountability, no repercussions. Paying a friend 2 grand an hour for zoom meetings. Wonder what her friend’s qualifications are.
I wish these stories would actually gain some traction and not a quick 2 mins in the paper to be glossed over.

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Rediculous but what is the answer?

Sent from the future
 
Scuba Steve said:
Rediculous but what is the answer?

Sent from the future
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Give the ethics commissioner teeth? If your transaction is not found to be arms length or if it has the appearance of impropriety, mp is personally responsible to reimburse government for the expense.

They will never pass that law. The problem with the whole system is the dirtbags in power never pass anything that limits their ability to swindle and happily pass anything that increases their compensation. There is literally nobody to hold them accountable.
 
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GreyGhost said:
Give the ethics commissioner teeth? If your transaction is not found to be arms length or if it has the appearance of impropriety, mp is personally responsible to reimburse government for the expense. They will never pass that law. The problem with the whole system is the dirtbags in power never pass anything that limits their ability to swindle and happily pass anything that increases their compensation. There is literally nobody to hold them accountable.
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A big problem is that we have to many of the wrong type of criminals in office. Our laws were written by basically honest people and criminals think differently. Fraud is particularly easy pickings of the 90% that would never think of some of the scams and are therefore vulnerable.

We need more reformed criminals in office.

There's a thing about being judged by a jury of our peers. How many judges, lawyers and politicians hang out at cheap bars and burger joints? You can't help a person get over their problem if you cop a Marie Antoinette attitude. "If the peasants don't have bread to eat why don't they eat cake?"
 
nobbie48 said:
A big problem is that we have to many of the wrong type of criminals in office. Our laws were written by basically honest people and criminals think differently. Fraud is particularly easy pickings of the 90% that would never think of some of the scams and are therefore vulnerable.

We need more reformed criminals in office.

There's a thing about being judged by a jury of our peers. How many judges, lawyers and politicians hang out at cheap bars and burger joints? You can't help a person get over their problem if you cop a Marie Antoinette attitude. "If the peasants don't have bread to eat why don't they eat cake?"
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We also have a premier extorting wedding gifts from developers and claiming nothing to see.

Sent from the future
 
raginduck said:
globalnews.ca

Former Ontario government employee pleads guilty to multi-million dollar fraud | Globalnews.ca

As part of the guilty plea, Madan agreed to re-pay the entire $47 million, $30 million of which, his lawyers say was immediately returned to the Ontario government.
globalnews.ca globalnews.ca
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So he stole tens of millions that were in his possession for most of a decade, he has to pay back 60% now and has 15 years to pay off the rest? Damn. Crime pays well. He should have tens of millions left after all that. Part of the sentence should have been immediate liquidation of everything and a bankruptcy filing so he feels the pain for a while.
 
My friend sent that to me this morning. I thought the exact same thing. If he is taking full responsibility like his lawyer says he is, he Should not be let out of jail until all assets sold and money repaid.
 
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