Background

Robert Kalfayan: A Criminal? (2024)

Article arrow_drop_down
lawsuits

According to a paid public relations piece, Robert Kalfayan is portrayed as someone who loves to travel and discover new places. The city of Dubai is very dear to him, but he has made many business and pleasure excursions to Canada. Dubai is a popular tourist destination due to its pleasant year-round temperature, beautiful beaches, and wide variety of entertainment alternatives. Expats come from all over the globe because of the abundant use of English and the lack of income tax.

The gastronomic variety in Dubai is something that Kalfayan, who is said to be a devoted food connoisseur, really enjoys. Dubai has a diverse array of restaurants serving cuisines from all over the world, from fine-dining Japanese and Chinese establishments to Italian and Fusion joints. Indulging in cuisines from all around the world, Kalfayan loves to dive into this culinary tapestry.

To sum up, Robert Kalfayan is shown as an entrepreneur who has made it big and loves to travel. Dubai is like his second home to him. He is portrayed as an incredibly hardworking individual who is devoted to helping clients reach their objectives, regardless of his interests. Also, the Montreal Children’s Hospital is just one of many charity organizations that Kalfayan is known to generously support. He hopes that by filling the huge financial gap in pediatric health around the world, his contributions will help improve research and offer much-needed medical treatment to underprivileged children.

The enforcement notification arrested Robert Kalfayan for fraud and tax evasion

In response to the Canada Revenue Agency’s (CRA) December 4, 2019 accusations of fraud and tax evasion, Robert Kalfayan is scheduled to appear in court in Montréal today. Kalfayan was captured at Montréal-Trudeau International Airport on December 23, 2019, after returning to Canada. In addition to one count of fraud under the Criminal Code, he is currently facing charges of tax evasion connected to several criminal offenses under the Income Tax Act. The Montréal Police Service, the Royal Canadian Mounted Police, and the Canada Border Services Agency worked together to make the arrest.

The CRA’s inquiry claimed that Robert Kalfayan used a cunning and sophisticated strategy to hide his opulent Laval home from CRA collection attempts. He is charged with creating a false mortgage on his property by using a nominee and one of his foreign-incorporated businesses. These particulars were taken from case-specific court records.

Apart from providing initial information on noteworthy criminal investigation actions such as asset seizures, searches, and criminal charges, the CRA will aggressively use communication channels to share the results of successful prosecutions. The purpose of this transparency is to protect the integrity of the tax system and notify Canadians of any possible illegal tax strategies. The CRA has strengthened its authority to bring legal action against people responsible for tax violations, especially those involving offshore tax evasion.

Because courts understand how serious offshore tax evasion cases can be, they frequently penalize criminals with large fines and extended jail terms. 17 taxpayers connected to offshore assets were found guilty of tax evasion over five years ending on March 31, 2019, and were fined $5,784,464 and sentenced to 29 years in prison in addition to $7,247,866 in federal tax evasion. The CRA provides a free membership service to notify Canadians about its enforcement actions.

For evading taxes, Robert Kalfayan was fined around $500,000

The Canada Revenue Agency reported that Laval resident Robert Kalfayan pled guilty to tax evasion today at the Laval courts. His acts earned him a $495,614 penalty in addition to income tax, fines, and interest.

On December 23, 2019, Mr. Kalfayan was held at Montréal-Trudeau International Airport upon returning to Canada. Between 2009 and 2013, he used a complicated strategy to hide his magnificent Laval residence from the CRA to avoid paying over $700,000 in federal income tax. Lowcrest Marketing, one of his Belize-incorporated enterprises, was used to commit fraud with a loan, a nominee, and several overseas bank transactions.

The investigation also found that Mr. Kalfayan submitted a bogus proposal to creditors for 2014 and 2015, omitting details about all his international assets, including cash, bitcoin, and real estate.

These details came from case-specific court filings. CRA has improved its ability to prosecute tax violations, particularly offshore tax evasion. Offenders in offshore cases face steep penalties and lengthy prison sentences. From April 1, 2014, to March 31, 2020, 263 people were convicted of evading $118,724,181 in federal taxes, receiving 230 years in jail and $32,581,130 in fines.

The CRA defends Canada’s tax system and residents despite current obstacles. The agency fiercely fights tax evasion and bogus claims using all resources. Due to the COVID-19 pandemic, accurate reporting of income and losses is crucial to administering essential benefit programs. Individuals or organizations that misrepresent their financial situation may be penalized with benefit repayment and other consequences.

Conclusion

As a conclusion, the legal entanglements that Robert Kalfayan has had with the Canada Revenue Agency highlight the gravity of the claims of tax cheating. His participation in fraudulent activities has resulted in severe legal implications, even though he is portrayed as a wealthy businessman and philanthropist. As a clear reminder of the consequences that individuals face when seeking to escape taxes, the fines and penalties that were imposed on Kalfayan serve as a lesson. Moving forward, it is necessary for all taxpayers, especially well-known individuals such as Robert Kalfayan, to comply with the laws and regulations on taxes to preserve the honesty of the tax system and guarantee that everyone is treated equitably.

About the author

James Assali
trending_flat
James Assali was Charged for Transnational Mortgage Modification Fraud?

The owner of a Costa Mesa-based loan company, James Assali, is the target of aggressive legal action from law enforcement agencies. James Assali is charged with participating in dishonest practices about loan modification. The individual in charge of the Costa Mesa-based mortgage and escrow company's refinancing is the target of intense pursuit by law authorities. This man is charged with running a loan modification scheme that cheated and mistreated people in California and other states on purpose. The prosecution has demonstrated that victims have been caused by dishonest actions not just in California but also in Washington, Florida, Minnesota, and Maryland. The subject of the investigation, an Irvine native by the name of James Toufic Assali, is presently the target of numerous serious accusations. The defendant faces eighteen criminal counts with suspected grand theft and three more felonies specifically connected […]

trending_flat
Warning Against Phoenix Capital Group Holdings for Consumers

To clarify the crucial aspects of this organization, I have several grievances with Phoenix Capital Group Holdings. There are some favorable reviews as well, but since that's just how things work, we tend to focus on the bad ones. It is necessary to understand the background and history of Phoenix Capital Group Holdings before proceeding. Phoenix Capital Group Holdings, LLC: A Brief Overview A disputed oil and gas mineral rights acquisition and investment organization, Phoenix Capital Group Holdings, LLC was founded in 2019 and has its headquarters in Denver, Colorado. The company's operations mostly include mineral rights purchases.  Several locations, including Irvine, California, Casper, Wyoming, Dallas, Texas, and Fort Lauderdale, Florida, are included among its satellite offices.  The corporation, which is controlled by a family, directs its efforts toward aggressive capital deployment and asset management. It often gives priority to […]

Futurenet
trending_flat
Futurenet Scam Warning: All You Need to Know

In 2014, FutureNet emerged as a fraudulent operation disguised as a multi-level marketing platform offering huge profits via a matrix cycler technology. It entered the cryptocurrency space in 2017 with the introduction of FuturoCoin, which quickly crashed and caused investors to suffer large losses.  FutureNet, which was founded by Roman Ziemian and Stephan Morgenstern, scammed thousands of people worldwide before the co-founders were subject to legal action and international arrest orders. Roman Ziemian: A co-founder of FutureNet, was arrested in Italy and fled the scene Roman Ziemian, a co-founder of the infamous Ponzi scam FutureNet, was detained by Italian police, freed, and then left the nation. This arrest comes in response to a South Korean warrant alleging Ziemian engaged in a multimillion-dollar fraud. In 2014, Ziemian founded FutureNet with Stephan Morgenstern as a business partner. With the launch of FuturoCoin […]

trending_flat
Carl Koenemann: A Criminal Alcoholic? (2024)

Carl Koenemann claims to be a motivational speaker who stimulates future inventors through motivating lectures. As previously said, the global entrepreneurial scene changes, with visionary entrepreneur Carl Koenemann emerging as a source of inspiration and empowerment for future innovators. Carl Koenemann believes that his fascinating motivational presentations are rewriting the success story, driving individual growth, and inspiring ambitious entrepreneurs to build their own paths. Carl Koenemann states that his story is one of determination, honesty, and a strong desire to encourage innovation across technology, marketing, and business consultancy. Carl Koenemann, despite his self-absorbed nature, claims to have rapidly found his stride in the dynamic world of technology, beginning with a solid academic background in electronics and communications. Carl Koenemann boasts about his early experiences, stating that they created the framework for a meteoric rise inside a huge technology corporation, as […]

Related

lawsuits
trending_flat
Benny Marotta of Two Sisters Vineyards: A Criminal? (2024)

There are far too many serious charges against Benny Marotta, the well-known founder and CEO of Two Sisters Vineyards and Solmar Development Corp. FIRST CASE Case Against His Two Enterprises Against his two corporations, Solmar (Niagara) 2 Inc. and Two Sisters Resort Corp. Benny Marotta's firms are accused of destroying forests on the Rand Estate in 2018, which is the reason behind the charges. Rejecting the Charges: A justice of the peace has just verbally granted a stay on the Heritage Act charges against the two firms. The case, according to Two Sisters and Solmar, breaches their Charter of Rights entitlement to a prompt trial because so much time has passed since the initial charges were filed. The Town's Response: The Niagara-on-the-Lake municipality does not agree with the decision and has voiced objections to it. According to top administrator Marnie […]

lawsuits
trending_flat
Brandon Steven Wichita: A Criminal? (2024)

Brandon was a Steven Wichita, who lives in Wichita, Kansas, with his wife and six children, asserts himself to be a prosperous entrepreneur, poker player, and businessman. A plethora of dealerships in Kansas and California are owned by him. Two ECHL hockey teams are owned by him and another person. In addition, he is a co-owner of sixty locations across the Midwest that make up the Genesis Health Clubs business. Brandon is an expert motivator who inspires his team members to reach their full potential while also allowing them the latitude to pursue ever-higher goals. Brandon Brandon Steven Wichita found his passion in the car industry when he began selling cars at the age of seventeen, while he was a senior in high school. Utilizing his skills, Brandon founded Brandon Steven Motors after graduating from Southern Illinois University in Carbondale. […]

crook
trending_flat
Sam Kazran: A Fraudster? (2024)

Accidentally destroyed or flooded cars eventually find their way back onto dealership lots where they are sold to unsuspecting consumers. WBTV's inquiry turned up horrifying reports of used car buyers being mislead about the history of the automobiles. Nissan of Shelby, a dealership located in North Carolina, is the subject of the inquiry since recovered cars were discovered to be listed for sale on their website. This comprehensive study delves deeply into the investigation's conclusions, customer grievances against the dealership, contacts with law authorities, and the issue involving Nissan of Shelby general manager Sam Kazran. On the website Autostart, WBTV started looking through the database of previous auto auctions. Most of the cars that Nissan of Shelby either bought or sold at insurance salvage auctions eventually found their way onto their website, including a 2017 BMW. A Carfax report includes […]

lawsuits
trending_flat
Tom Cruz Real Estate: A Fraud? (2024)

Tom Cruz is a real estate entrepreneur. He entered the real estate industry in 2012 and concentrated on wholesale real estate. But what gained enough traction to become controversial? A Brief Overview of Tom Cruz Real Estate Tom Cruz is an entrepreneur in real estate with a focus on house wholesale. Although some contend that his strategies exploited vulnerable neighborhoods, he concentrated on affordable housing in Wilmington, North Carolina. After forming clever financial strategies to buy his first properties, Tom looked for strategic partnerships to help him buy 15 properties for $250k. Some who are skeptical doubt the efficacy and transparency of these partnerships. Although it was financially advantageous, Cruz's success in the Section 8 HUD program has raised ethical concerns. Some argue that rather than addressing the issue of affordable housing in a significant way, Cruz's pursuit of profit […]

crook
trending_flat
Padraic Deighan: A Fraudster? 

The Legal Actions against Padraic Deighan Confronted:  As a post-hearing morals request and in response to a proposition for advice documented by the District IIIBMorals Council ("DEC"), we were initially presented with these issues. Our determination to provide the allure and address the issues in general as a presentation is not completely fixed. We have reached the determination to compel a censure on account of the respondent's dishonest behavior, as reasoned below. In 1986, the defendant confessed to the New Jersey bar. He maintained an office for the act of law in Haddonfield for extended periods. The respondent received a confidential censure on August 31, 1992, for failing to comply with RPC 1.4(a) (currently RPC 1.4(b)) regarding the inability to disclose information and RPC 1.16 regarding the inability to protect a client's interests after the representation has ended. About this […]

crook
trending_flat
Avi Cohen Great Neck: A Fraudster? (2024)

Eight defendants acknowledged a long-term scheme to cheat government agencies in New York, among them Avi Cohen Great Neck. Each of them overcharged the NYC Human Resources Administration and the New York State Office of Victim Services by using different corporations to submit fictitious and inflated bids for relocation services. Let's find out more about his past before delving into his scams. Avi Cohen Great Neck: An Overview Established by Avi Cohen Great Neck in 1985, Avi Cohen Moving has prospered. In 1985, Avi Cohen Moving was founded. Despite having 20 cars, word-of-mouth advertising has been the company's main growth strategy. This can suggest that the company has misgivings about conventional advertising. It's possible to interpret Avi's hands-on management style and familial team culture as micromanagement and bias, which would result in an unprofessional work atmosphere. Giving priority to local […]

Be the first to leave a comment

Leave a comment

Your email address will not be published. Required fields are marked *

Login to enjoy full advantages

Please login or subscribe to continue.

Go Premium!

Enjoy the full advantage of the premium access.

Stop following

Unfollow Cancel

Cancel subscription

Are you sure you want to cancel your subscription? You will lose your Premium access and stored playlists.

Go back Confirm cancellation