TOPIC: PANAMA PAPERS

CBC Investigates

U.S. SEC seeks $68M from B.C. 'mastermind' of huge alleged stock fraud

U.S. authorities are moving to seize bank and stock accounts of Fred Sharp, a private banker from Vancouver who allegedly set up dozens of offshore shell companies to enable a billion-dollar series of pump-and-dump stock frauds by other Canadians.

CRA battling attempt to halt its probe of offshore 'mastermind' and his clients

Ottawa asked the Federal Court of Appeal on Wednesday for the green light to continue auditing a B.C. man, as well as a dozen of his associates and clients, linked to an organization that helped wealthy Canadians move tens of millions of dollars through tax havens.
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CRA goes to court to continue audit of offshore 'mastermind'

Ottawa will ask the Federal Court of Appeal on Wednesday for the green light to continue auditing a British Columbia man they say was the 'mastermind' behind an organization that helped wealthy Canadians move tens of millions of dollars through tax havens.
CBC Investigates

Offshore 'mastermind' ran $300M 'shadow bank' for clients' tax-haven money, draft CRA report says

Scores of wealthy Canadians had access to a Vancouver-based "shadow bank" that they used to buy homes, vacation properties, cars and airplane tickets with funds stashed in tax havens, according to a confidential draft report by the Canada Revenue Agency.
PANDORA PAPERS

Huge 'Pandora Papers' leak exposes secret offshore accounts of politicians, celebrities and billionaires

A new trove of leaked financial records show 35 current or former world leaders, 130 billionaires, as well as royalty, athletes and celebrities who have held assets in or through tax havens.
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Elvis Stojko revealed in the Pandora Papers to be using off-shore tax havens

Canadian figure skater Elvis Stojko is among the names revealed in the leak of millions of documents known as the Pandora Papers. The documents show how the world's rich and famous funnel their money into off-shore tax havens.
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Pandora Papers: Jordan’s King Abdullah II collected luxury homes while accepting international aid

While billions of dollars of international aid was pouring into Jordan, including $800 million from Canada, its leader King Abdullah II was amassing a giant collection of luxury homes. That's just one of the revelations contained in the new 'Pandora Papers' obtained by the International Consortium of Investigative Journalists, which includes the CBC.
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‘Pandora Papers’ leak reveals offshore tax havens of the rich and famous

A massive new leak of documents dubbed 'The Pandora Papers' is shedding light on how the rich and famous are hiding their money, and how a world of off-shore tax havens is still thriving. The documents were obtained by the International Consortium of Investigative Journalists, which includes the CBC. Among the Canadians named in the documents are figure skater Elvis Stojko and race-car driver Jacques Villeneuve.

U.S. authorities freeze assets, charge British Columbians in 'long-running fraudulent scheme'

A major Canadian player in the Panama Papers scandal, former B.C. lawyer Fred Sharp, 'masterminded' billion-dollar pump-and-dump operation, say U.S. Securities and Exchange Commission and FBI.

CRA has found 35 cases of tax dodging in the Panama Papers leak, 5 years later

Five years after one of the world's biggest leaks of financial records exposed the tax-haven dealings of politicians, athletes, celebrities and mobsters, the Canada Revenue Agency has found missing money in 35 of the hundreds of Canadian cases it has analyzed.

'Kid Rock' stock promoter escapes jail term for tax evasion estimated at more than $4M

A once-high-flying B.C. stock promoter has avoided jail for tax evasion after attempting to defraud the Canadian government of an amount prosecutors estimated at more than $4 million.
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How dirty money is driving up real estate prices | The Weekly with Wendy Mesley

A new report from the B.C. government reveals that more than five billion dollars in dirty money was laundered through real estate in 2018. Wendy Mesley reveals why Canada makes it so easy for criminals to sink billions of dollars into real estate. And how all this illegal money is putting the squeeze on everyone and driving Canadians deeper into debt.

Panama Papers spur billion-dollar global tax windfall, with $15M found in Canada

Governments worldwide have discovered more than a billion dollars in unpaid taxes to date thanks to the Panama Papers and have obtained criminal convictions. But in Canada, despite finding nearly 900 Canadian taxpayers in the leak, the CRA hasn't laid a single charge.

More than two years later, no Canadian Panama Papers charges have been filed

Two and a half years after the landmark Panama Papers leak of offshore financial information, the Canada Revenue Agency has yet to charge or convict anyone with offshore tax evasion.
CBC Investigates

B.C. stock promoter led 'lavish lifestyle' while evading millions in tax, CRA alleges

Damien Reynolds is the first person named in the Panama Papers who the Canada Revenue Agency has brought criminal charges against. But it appears that's just a coincidence, and the CRA had no idea he's in the huge leak of tax-haven records.

Wealthy Canadians hiding up to $240B abroad, CRA says

Well-heeled Canadians have hidden up to $240.5 billion in foreign accounts and are dodging up to $3 billion a year in federal tax on those funds, according to the CRA's first ever attempt to estimate how much government revenue is lost from individuals stashing money abroad.
CBC Investigates

More documents from Panama Papers law firm leak out, exposing its panic

More private documents from the Panamanian law firm at the centre of one of the biggest-ever leaks of financial records have been exposed, showing how enraged its clients were, global media outlets are revealing today.
CBC Investigates

CRA's Panama Papers raids targeted oilpatch fixer with half-dozen offshore companies

An Alberta businessman who has quietly been teeing up hundreds of millions of dollars in oilpatch deals for Chinese investors is the first person known to be targeted by the Canada Revenue Agency's criminal investigations into the Panama Papers, court records reveal.

CRA audits just 5 Canadians out of hundreds of RBC Panama Papers accounts

Two years after it took aim at hundreds of Royal Bank clients exposed in the Panama Papers leak, the Canada Revenue Agency has decided just five cases require an audit — because the vast majority of the offshore accounts belonged to foreigners.

CRA raids locations in Toronto, Calgary and West Vancouver in Panama Papers probe

Canada Revenue Agency officers backed up by police raid locations in three provinces as part of a criminal tax-evasion probe stemming from the Panama Papers — a sign the taxman may be preparing criminal charges against people hiding money offshore.

$500M recouped worldwide from tax cheats due to Panama Papers — but none of it in Canada

Governments around the world say they've recovered a combined $500 million in unpaid taxes thanks to the Panama Papers leak in 2016. But none of that was in Canada, where the CRA says it will be at least 2½ more years before it can announce anything.
PARADISE PAPERS

New Mulroney Institute is bankrolled by billionaires steeped in scandal

A new $60-million university institute in Nova Scotia celebrating former prime minister Brian Mulroney got a good chunk of that financing from donors embroiled in international controversy, a joint investigation by CBC/Radio-Canada and the Toronto Star has found.
PARADISE PAPERS

Doubts cast on Canadian citizenship of Mulroney's billionaire friend

A wealthy Syrian-British investor who Brian Mulroney calls a "close friend," and who parked much of his fortune offshore, obtained Canadian citizenship under unclear circumstances in the 1990s, a Radio-Canada/Toronto Star investigation has found.

What's in the Paradise Papers database of tax haven records and how to search it

A public database containing a slice of key data from the giant Paradise Papers leak, as well as older records from the Panama Papers, is now public. Here's what you will and won't find, and how to search it.
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Tax havens: How they work and why they are a problem

Tax havens and offshore accounts and trusts are used by the world's wealthiest to legally avoid paying taxes. Here's how they work and why they are a problem

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