Fraud scandal at the CPAO

Recently Rod Barr retired from the CPAO. This is Rods second retirement. Rod retired the first time from Deloittes when he was forced to retire due to his involvement in the Livent fraud and his responsibility for approving the financial statements of the biggest fraud in Canadian history. A lot of people were hurt by the criminals running Livent and the responsibility for enabling the fraud has been adjudicated to the tune of 85 million plus 45 million interest. Not a lot if you say it fast. Imagine. Rod is essentially the biggest dope ever to grace the accounting landscape and he is elected president of the CPAO! What could go wrong?

Rods tenure at the CPAO has been marred by embarrassing court decisions and the Sone fraud. He spent $250,000 in legals to defend the Sone fraud and has been engaged in litigation for six years. Sone stole $4,000? Why spend $250,000 to recoup $4,000? Barr is not the sharpest tool in the shed. Judge Arthur Gans ridiculed Barr for signing off on the financial statements. Gans claimed that Barr turned a blind eye to the massive fraud before him. I wonder which eye is blind. Either that makes him a pirate in my books and pirates deserve only one fate: to walk the plank.

Barr walked the plank at the CPAO and is hoping to avoid public scrutiny for his role in the Livent fraud and Sone fraud. I will not let that happen. I am going to blog on the Livent proceedings and will keep you updated as to the shenanigans at the CPAO.

Some questions remain;

1) why has Barr not faced disciplinary charges for the Livent ruling?

2) why has the Sone fraud and litigation been continued by the incoming president at the CPAO even though a judgment has been rendered confirming the fraud by Sone?

I will attempt to get answers to these questions and report back to you the good reader.

Fraser Simpson 647.884.1216

 

Comments

Post a Comment

Popular posts from this blog

When is a fraud a fraud? The Marshall Sone expulsion

Marshall Bryan Sone: Summary, as Published in CheckMark Marshall Bryan Sone , of North York, was found guilty of a charge under Rule 201.1 of failing to maintain the good reputation of the profession and its ability to serve the public interest, arising out of his criminal conviction for fraud. While a trustee in bankruptcy of monies for the benefit of creditors of the bankruptcy estates administered by him, Mr. Sone, with intent to defraud and in contravention of his trust, converted monies to a use not authorized by the trust, contrary to the Criminal Code. He was fined $15,000 and expelled from the Institute. Mr. Sone’s appeal of the discipline committee’s decision and order was dismissed by the appeal committee. CHARGE(S) LAID re Marshall Bryan Sone The Professional Conduct Committee hereby makes the following charges against Marshall Sone, CA, a member of the Institute: 1 THAT, the said Marshall Sone, on or about May 25, 1998, failed to conduct ...
Read more

CRA investigations result in 53.5 years of jail sentences

Tax fraud and evasion represent the most flagrant instances of non-compliance with tax statutes. During 2012-2013, 71 income tax and GST/HST investigations were referred to the Public Prosecution Service of Canada (PPSC) for prosecution, compared to 120 cases in the previous year. As a result of referrals to the PPSC (current and previous years), 128 cases resulted in convictions for tax evasion or fraud in 2012-2013. The courts imposed $9.95 million in fines and 53.5 years of jail sentences. These convictions related to revenue loss of $32.6 million. The CRA obtained convictions in 96% of cases prosecuted. In addition, the Ministère du Revenu du Québec, acting on our behalf, referred 27 GST investigation cases for prosecution and, based on these and previous year referrals, Quebec courts convicted individuals and businesses in 58 cases, and imposed $3.1 million in fines. Quebec GST convictions related to revenue loss of $4.4 million. Court convictions are publicized in local,...
Read more

Penalty for Tax Evasion in Canada

Penalty for Tax Evasion in Canada Most people file their annual return honestly and only take deductions and credits made available by the Income Tax Act. Unfortunately, some individuals and businesses evade taxes, and there are legal consequences for such actions. Anurag Gupta, a Toronto business and tax lawyer with the law firm of Anurag Gupta Professional Corporation, says that evaders may face criminal penalties including jail time and fines up to "200 percent of the amount" that the offender may have been trying to avoid. Ignoring the Law Tax evasion occurs when an individual or business ignores tax laws to avoid paying taxes. The Canada Revenue Agency explains that evaders may report less income than they actually earn or state that their deduction amounts are higher than allowed. If a person earns income not documented by an employer, such as cash or self-employment income, and does not report that income to the CRA on his return, he is committing tax ev...
Read more