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Calgary man found guilty of fraud and tax evasion for his scheme to steal money from investors


News provided by

Canada Revenue Agency

Apr 19, 2017, 09:03 ET

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CALGARY, April 18, 2017 /CNW/ - The Canada Revenue Agency (CRA) announced today that James Harvey Cameron, of Calgary, Alberta, was convicted on March 28, 2017 for tax evasion and fraud under the Criminal Code.

From 2002 to 2006, Mr. Cameron was the master-mind behind a fraudulent RRSP scheme which deprived investors of their funds. Mr. Cameron diverted $2.5 million of the investors' funds for his own use and failed to report this as taxable income. He evaded federal taxes totalling $ 673,871.

The preceding information was obtained from the court records.

The CRA would like to remind the victims of the above noted fraud that under the Criminal Code, they have the right to appear at the sentencing hearing to seek restitution, and /or make a victim impact statement. The date of Mr. Cameron's sentencing hearing has not yet been finalized, but is expected to be sometime between April 24 and May 12, 2017.

If you feel you are a victim of Mr. Cameron's scheme and wish to participate in the sentencing process, please contact the Public Prosecution Service of Canada at 403-299-3978 by April 20, 2017.

You may also contact Victims Services on your own at:
Calgary Legal Guidance Court Preparation and Restraining Order Program
Suite 100 – 840 7th Avenue SW
Calgary, Alberta
Phone: 403-234-9266
Court prep. phone 403-716-6478
Fax: 403-234-9299

Information, including the forms to be used for a restitution claim and a victim impact statement, may be found at the following websites:

https://www.alberta.ca/help-for-victims-of-crime.aspx

https://www.solgps.alberta.ca/programs_and_services/victim_services/help_for_victims/Publications/Forms/AllItems.aspx

If you have ever made a tax mistake or omission, the CRA is offering you a second chance to make things right through its Voluntary Disclosures Program (VDP). If you make a valid disclosure before you become aware that the CRA is taking action against you, you may only have to pay the taxes owing plus interest. More information on the VDP can be found on the CRA's website at www.cra.gc.ca/voluntarydisclosures.

                                                                                                                                               

SOURCE Canada Revenue Agency

For further information: Further information on convictions can be found in the Media Room on the CRA website at www.cra.gc.ca/convictions.

Related Links

http://www.cra-arc.gc.ca/

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Canada Revenue Agency

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