Canada: Secret tax-haven files lift veil on $32M Ontario fraud June 21, 2013 in North America · 0 Comment To Time magazine, Peter Sabourin was a “venture capitalist.” In the pages of Canadian Business, he became a “tax consultant.” For the Financial Post, he transformed into an expert on offshore investment. No matter the label, this much is certain: The Toronto businessman was a silver-tongued swindler, a consummate con man who left a $32-million trail of victims from North Carolina to North Bay, Ont. Sabourin is one of the more than 550 Canadians whose names appear in the massive leak of offshore financial records revealed by CBC News and the International Consortium of Investigative Journalists in early April. A number of those people have dodgy pasts, but Sabourin’s name stands out. The leaked files show the inner workings of how he lured dozens of investors with the promise of heady returns from offshore ventures, and provide a cautionary tale for anyone thinking of investing offshore. Among those taken in were a navy veteran, a doctor, property developers, a farmer, nurses, a filmmaker and retirees. “He promised amazing returns, that I cannot lose, to stick with him, he will take care of me,” said Judith Laiken, a 72-year-old former photographer and filmmaker who lost all her savings, more than $800,000, to Sabourin. “I had no doubts.” The original article can be found at cbc.ca Tags: bribe, bribery, Canada, Corruption, International Consortium of Investigative Journalists, offshore investment, offshore leaks, offshore ventures, Peter Sabourin, tax avoider, tax haven Sign up for our FREE mailing list. Email Address : Resources Sign Up News Law Firm Directory About Us Contact Us Help About Us Privacy Policy Terms of Use Disclaimer Support Get In Touch With Us 80 Marine Parade Road, #09-01, Parkway Parade, Singapore 449286 info@ethixbase ethiXbase Elsewhere Please follow us on our social network channels for product updates. In association with The FCPA Blog
Posted on: Sun, 23 Jun 2013 17:29:08 +0000
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